Block & Leviton LLP (www.blockleviton.com), a national securities litigation firm, announces that it is investigating Green Thumb Industries, Inc. (OTC: GTBIF) for potential violations of the federal securities laws.
Green Thumb is a cannabis manufacturer and distributor. After the markets closed on March 29, 2021, the Chicago Tribune reported that Green Thumb is under federal investigation for possible “pay-to-play violations” during its push to gain coveted growing and distribution licenses in Illinois and several other states. According to the report, federal officials are examining campaign donations and other steps that Green Thumb took as it sought to acquire these licenses. On this news, shares of Green Thumb have plummeted approximately 10% in intraday trading on March 30, 2021.