Cronos Group Agrees to Pay Settlement to $CRON Investors — Here’s How to Get Your Share – TradingView
Court: E.D. New York
Case: 2:20-cv-01310
Cronos Group has agreed to pay a settlement to
CRON investors to resolve claims it inflated revenue through sham cannabis sales and hid major financial reporting weaknesses in 2019.
What is this settlement?
In 2019, Cronos reported strong revenue growth, but later restated its earnings after revealing that it had recorded non-existent sales from “round-trip” cannabis transactions.CRON fell nearly 50% as the fraud came to light, and regulators launched investigations. Investors filed suit in March 2020.
Following this, Cronos Group was sued by shareholders and has now decided to settle.
What can you do to recover your losses now?
While the details are still being finalised, you can already submit your claim and be notified of any further updates.
More than 100 companies are currently paying out settlements. Connect your brokerage account to automatically check which ones you may have missed.
Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.
source
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
Case: 2:20-cv-01310
Cronos Group has agreed to pay a settlement to
CRON investors to resolve claims it inflated revenue through sham cannabis sales and hid major financial reporting weaknesses in 2019.What is this settlement?
In 2019, Cronos reported strong revenue growth, but later restated its earnings after revealing that it had recorded non-existent sales from “round-trip” cannabis transactions.
CRON fell nearly 50% as the fraud came to light, and regulators launched investigations. Investors filed suit in March 2020.Following this, Cronos Group was sued by shareholders and has now decided to settle.
What can you do to recover your losses now?
While the details are still being finalised, you can already submit your claim and be notified of any further updates.
More than 100 companies are currently paying out settlements. Connect your brokerage account to automatically check which ones you may have missed.
Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.
source
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
