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CLS Holdings USA, Inc. Provides Update on Reverse Stock Split (Share Consolidation) and Announces CSE Delisting
Newsfile· 2025-07-09 20:30
Core Points - CLS Holdings USA, Inc. announced a reverse stock split of one post-Consolidation Share for every 4,000,000 pre-Consolidation Shares, approved by 94.27% of Stockholders [1] - The effective date of the Consolidation is set for July 11, 2025, following unanimous approval from the Board of Directors [2] - Stockholders will receive a cash payment of $0.037 per pre-Consolidation Share for any fractional shares resulting from the Consolidation [3] - CLS has applied for voluntary delisting from the Canadian Securities Exchange, with the delisting expected to occur on the same date as the effective date of the Consolidation [4] - CLS Holdings USA Inc. operates as a diversified cannabis company, focusing on integrated cannabis production and retail, utilizing a patented method for cannabinoid extraction [5]
GLOBALLY RECOGNIZED ROSEN LAW FIRM Encourages Canopy Growth Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action - CGC
GlobeNewswire News Room· 2025-05-04 17:01
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Canopy Growth Corporation securities between May 30, 2024, and February 6, 2025, of the upcoming lead plaintiff deadline on June 3, 2025 [1] Group 1: Class Action Details - Investors who purchased Canopy Growth securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3][6] - The lawsuit alleges that Canopy Growth made false and misleading statements regarding its financial health and cost management, which negatively impacted investors when the truth was revealed [5] Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4] - The firm has achieved significant settlements in the past, including the largest securities class action settlement against a Chinese company at the time and has consistently ranked highly in securities class action settlements [4] - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering funds for clients [4]