(English) KushCo Holdings, Inc.
Join Class Action »
(English) SHAREHOLDER ALERT: Zhang Investor Law Announces the Filing of a Securities Class Action Lawsuit Against KushCo Holdings, Inc. – KSHB
New York, N.Y., May 7, 2019. Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of KushCo Holdings, Inc. (OTC: KSHB) from July 13, 2017 through April 9, 2019, inclusive (the “Class Period”). The lawsuit seeks to recover damages for KushCo investors under the federal securities laws.
To join the KushCo class action, go to http://zhanginvestorlaw.com/cases/kushco-holdings-inc/ or call Sophie Zhang, Esq. or toll-free at 800-991-3756 or email email@example.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) KushCo made material accounting errors in connection with its acquisitions of CMP Wellness LLC, Summit Innovations, LLC, and The Hybrid Creative; (2) KushCo’s previously issued financial statements for the fiscal years ended August 31, 2018 and August 31, 2017 could not be relied upon; (3) KushCo’s net loss for the fiscal year ended August 31, 2018 was more than twice as high than previously reported; (4) KushCo and its management’s assurances that its financial statements for those fiscal years and periods were accurate and fairly reported could not be relied upon; and (5) as a result, KushCo’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 1, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/kushco-holdings-inc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at firstname.lastname@example.org.
Zhang Investor Law represents investors worldwide.