Trulieve Sues “Grizzly Research” Over Shortseller Report That Dropped 40% Off Their Stock Price In December

Trulieve Sues “Grizzly Research” Over Shortseller Report That Dropped 40% Off Their Stock Price In December

Cannabis Law Report is investigating if an executive at a Canadian Cannabis company, that is publicly traded, was involved behind the scenes to help Grizzly Research with their research for the Trulieve short report and there’s also the possibility that capital was provided to set up a short position against Trulieve Trulieve has sued the investment fund that wrote the shortseller report that dropped their stock in December by at least 40% . Siggy named in the suit , is believed to be the individual responsible for managing Grizzly Research. Here’s the Trulieve allegation ……   Plaintiffs Trulieve Inc., Trulieve Cannabis Corp. (collectively, “Trulieve”) and Kim Rivers sue Grizzly Research LLC, GeoInvesting, LLC, Siegfried “Siggy” Eggert, Scott A. St. John, and Jean-Joseph W. Lindor, Jr., and allege:   PARTIES 1. Plaintiff Trulieve Inc. (“Trulieve Inc.”) is a Florida corporation with its principal address, as well as facilities, in Gadsden County. Many of Trulieve Inc.’s shareholders are Florida residents. Trulieve Inc. relies on the financial strength and good name of its parent company (Plaintiff Trulieve Cannabis Corp.) such that injury to the parent’s reputation would likewise injure Trulieve Inc., and vice versa. At times in this Complaint Trulieve Inc. and Trulieve…

Excerpt only …
READ MORE BELOW
Source : CANNANNEW REPORT
Link to original : Trulieve Sues “Grizzly Research” Over Shortseller Report That Dropped 40% Off Their Stock Price In December
reposted by Cannabis News World

This site uses Akismet to reduce spam. Learn how your comment data is processed.