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For any company, going public is fraught with securities
litigation risks. As highlighted in the recent New York State
Appellate Court decision
In The Matter of Sundial Growers, Inc.
Securities Litigation, companies operating in the
relatively new, but rapidly growing, frontier of legal cannabis
must be thorough and careful when issuing public disclosures.
Companies must also be aware of venue issues: in particular, the
potential for simultaneous federal and state proceedings related to
IPO filings following the United States Supreme Court s 2018
Cyan decision, and should consider the adoption of Federal