Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors of CannaVEST Corp. (“CannaVEST” or the “Company”) (OTC:CANV). The investigation concerns possible violations of federal securities laws, and focuses on certain statements issued by the Company concerning CannaVEST’s financial performance. CannaVEST develops, produces, markets and distributes hemp-based consumer products to the nutriceutical industry in the United States. The investigation is related to allegations that the Company overstated its sales by more than 17% for the quarter ended March 31, 2013, and misstated its goodwill at June 30, 2013, by more than 1300%. On April 3, 2014, CannaVEST announced that on March 28, 2014, management concluded that the Company’s previously issued financial statements contained in the Company’s Quarterly Reports on Form 10-Q for the quarters ended March 31, 2013, June 30, 2013, and September 30, 2013, should no longer be relied upon, and that sales and cost of sales for the quarter ended March 31, 2013, were misstated. If you purchased CannaVEST securities between May 20, 2013 and April 3, 2014, if you have information or would like to learn more about these claims, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to email@example.com, or visit our website at www.howardsmithlaw.com.
More from Press Releases
NFL Pushes for Regulation Following Supreme Court's Sports Gambling Ruling
The Supreme Court rules that previous congressional action forbidding states from legalizing sports betting was unconstitutional.
Walmart CEO: 'We Are Transforming Globally' With Flipkart
On its investor call on Wednesday morning, Walmart discusses the Flipkart deal.
March 24 Full-Day Course Offering: Professional Approach to Trading SPX
OptionsProfits, the CBOE, and Option Pit are hosting a class on March 24 that covers a wide variety of methods to trade the S&P 500.