A Vancouver-based law firm says it has filed a proposed securities class-action lawsuit on behalf of anyone who acquired shares in Adastra.
A Vancouver-based law firm says it has filed a proposed securities class action lawsuit on behalf of anyone who acquired shares in a B.C. company that recently announced plans to commercialize cocaine. Cocaine from a safe supply being handed out to drug users, is displayed in the Downtown Eastside of Vancouver, on Tuesday, Aug. 31, 2021.VANCOUVER — A Vancouver-based law firm says it has filed a proposed securities class-action lawsuit on behalf of anyone who acquired shares in a B.C.
The company revised the statement on March 3 after both Premier David Eby and Prime Minister Justin Trudeau expressed astonishment about those plans, which stemmed from Adastra’s mid-February licence amendment to produce, sell and distribute cocaine.Health Canada confirmed the amendment allows Adastra to produce no more than 250 grams of cocaine in 2023, and none can be sold to the general public.
Adastra shares, valued at 75 cents on Feb. 22, peaked at $1.33 on March 3 before tumbling to a low of 42 cents on March 8 and the proposed class action is on behalf of those who acquired Adastra common shares between Feb. 22 and March 3.
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