Canadian marijuana company Sundial is facing two class action lawsuits filed in the United States by shareholders over hundreds of pounds of alleged “un-sellable” cannabis.
The lawsuit, filed in the Southern District of New York, is related to a class action suit filed in September in the same district against Sundial over the matter.
The first suit, also filed on behalf of shareholders, accuses Sundial of “materially misleading … the investing public,” according to a news release.
Sundial did not comment on the lawsuits to MarketWatch.
Sundial trades on the Nasdaq as SNDL.
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