By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Cannabis NewsCannabis News
  • Cannabis
  • CBD
  • Science
  • Culture & Arts
  • Cannabis Press Releases
  • More
    • About Maryjanes Post
    • Cannabis Advertising
    • Cannabis Partnerships
Reading: Shareholder Alert: Robbins LLP Reminds Investors That Instadose Pharma Corp. (INSD) f/k/a Mikrocoze, Inc. (MZKR) Is Being Sued for Misleading Shareholders
Share
Aa
Aa
Cannabis NewsCannabis News
Search
  • Topics
    • Business
    • Cannabis
    • Cannabis Tech
    • Culture & Arts
    • Industry Leaders
    • Cannabis Press Releases
  • Topics
    • Business
    • Cannabis
    • Cannabis Tech
    • Culture & Arts
    • Industry Leaders
    • Cannabis Press Releases
  • About Maryjanes Post
    • Ambassador
    • Cannabis Partnerships
Follow US
  • Ad Choices
  • RSS Terms of Service
© 2018 - 2022 MaryJanes Post Media. All Rights Reserved.
Cannabis News > Cannabis Press Releases > Shareholder Alert: Robbins LLP Reminds Investors That Instadose Pharma Corp. (INSD) f/k/a Mikrocoze, Inc. (MZKR) Is Being Sued for Misleading Shareholders
Cannabis Press Releases

Shareholder Alert: Robbins LLP Reminds Investors That Instadose Pharma Corp. (INSD) f/k/a Mikrocoze, Inc. (MZKR) Is Being Sued for Misleading Shareholders

Business Wire
Last updated: 2022/05/30 at 7:51 AM
Business Wire Published January 13, 2022
Share
SHARE

SAN DIEGO–(BUSINESS WIRE)–$INSD #Milkrocoze–Shareholder rights law firm Robbins LLP reminds investors that a shareholder filed a class action on behalf of persons and entities that purchased or otherwise acquired Instadose Pharma Corp. (OTC: INSD) securities between December 8, 2020 and November 24, 2021, for violations of the Securities Exchange Act of 1934. Instadose was formerly known as Mikrocoze, Inc. (OTC: MZKR), which was organized to sell micro-furniture for small spaces via the Internet. The Company has pivoted its business to focus on growth and acquisition of pharmaceutical grade agricultural products.

business Wire Robbins LLP Cannabis Media & PR

If you suffered a loss due to Instadose Pharma Corp.’s misconduct, click here.

Instadose Pharma Corp. (INSD) Misled Investors Causing a Halt in Trading

According to the complaint, on December 7, 2020, Instadose (still known as Mikrocoze) entered into a non-binding letter of intent with Instadose Pharma Corp., a Canadian-based cannabis producer, and holders of a majority of its outstanding shares. On July 9, 2021, the Ontario Securities Commission (“OSC”) announced that the Chairman and Chief Executive Officer (“CEO”) of Instadose was charged quasi-criminally with one count of fraud. The OSC alleged that the CEO diverted investor funds for his benefit and that Instadose materially misrepresented the nature of its business.

Then, on November 24, 2021, in a filing with the SEC, Instadose disclosed that “[o]n November 23, 2021, the Company was notified by the SEC that it had ordered … that trading in the securities of [Instadose] is suspended for the period from 9:30 a.m. EDT on November 24, 2021, through 11:59 p.m. EDT on December 8, 2021.” The SEC’s order stated that “it appears to the [SEC] that the public interest and the protection of investors require a suspension in the trading of [Instadose] securities … because of questions and concerns regarding the adequacy and accuracy of information about Instadose … in the marketplace, including: (1) significant increases in the stock price and share volume unsupported by the company’s assets and financial information; (2) trading that may be associated with individuals related to a control person of Instadose…; and (3) the operations of Instadose[]’s Canadian affiliate.” When the stock began trading again on December 9, 2021, the Company’s stock price fell $22.61 per share, or almost 92%, to close at $2.00 per share on December 9, 2021.

If you purchased shares of Instadose Pharma Corp. (INSD) between December 8, 2020 and November 24, 2021, you have until February 28, 2022, to ask the court to appoint you lead plaintiff for the class.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

Contact us to learn more:

Aaron Dumas

(800) 350-6003

adumas@robbinsllp.com
Shareholder Information Form

About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. To be notified if a class action against Instadose Pharma Corp. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.

Attorney Advertising. Past results do not guarantee a similar outcome.

Contacts

Aaron Dumas

Robbins LLP

5040 Shoreham Place

San Diego, CA 92122

adumas@robbinsllp.com
(800) 350-6003

www.robbinsllp.com

You Might Also Like

 Flower One Obtains Meeting Order Under the Companies’ Creditors Arrangement Act (Canada)

United States Alternative Adult Beverages Market Report 2022: The Burgeoning Adult Beverage Segment Expanding the Adult Beverage Horizon – ResearchAndMarkets.com

Global Cannabidiol Market Report 2022: Growing Acceptance and Use of Products Due to Government Approvals Drives Sector – ResearchAndMarkets.com

Organigram Launches HOLY MOUNTAIN to Further Support Its Strong Position in the Dried Flower and Hash Categories

Leafly to Participate at Upcoming Investor Conferences

TAGGED: Business Wire
Business Wire January 13, 2022
Share this Article
Twitter Reddit Email Copy Link
Previous Article Nation’s Largest Cannabis Delivery Marketplace Eaze Launches First Dispensaries in San Diego and Santa Ana, California
Next Article Leafly Names Jeff Oberlander Senior Vice President of Engineering

Cannabis News and More

Work with an experienced cannabis media firm to provide your brand with the exposure it needs.

Cannabis Topics

  • Cannabis
  • Business
  • CBD
  • Cannabis Science
  • Culture & Arts

Company

  • About Maryjanes Post
  • Contact Cannabis Media
  • Contributor Guidelines

Terms of Use

  • TERMS
  • PRIVACY
  • CONTRIBUTOR AGREEMENT
  • DMCA

Resources

  • Write For UsNew
  • Media KitNew
  • Cannabis Advertising
  • Cannabis Partnerships
  • Cannabis Press ReleaseNew
Cannabis NewsCannabis News
Follow US

© 2018 - 2022 MaryJanes Post Media. All Rights Reserved.

  • Ad Choices
  • RSS Terms of Service
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?