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Robbins Arroyo LLP: Complaint Alleges that Dynagas LNG Partners (DLNG) Misled Shareholders

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SAN DIEGO & RUE BASSE, Monaco–(BUSINESS WIRE)–$DLNG #ClassAction–Shareholder rights law firm Robbins
Arroyo LLP
reminds investors that a purchaser of Dynagas LNG
Partners filed a class action complaint against Dynagas LNG Partners
(NYSE: DLNG) for alleged violations of the Securities Exchange Act of
1934 between February 16, 2018 and March 21, 2019. Dynagas is a limited
partnership that owns six tanker ships designed for the transportation
of liquefied natural gas.

View this information on the law firm’s Shareholder Rights Blog: https://www.robbinsarroyo.com/dynagas-lng-partners-lp/

Dynagas Accused of Misleading Investors Regarding Two Key
Long-Term Contracts

According to the complaint, since its 2013 IPO, Dynagas attracted
investors by paying a substantial quarterly distribution. Dynagas
routinely touted its long-term charter contracts and reminded investors
of the predictable nature of revenue. However, starting in early 2018,
Dynagas began misleading investors regarding the new distribution rate.
In a February 2018 conference call, CEO Tony Lauritzen falsely assured
investors that the new distribution rate would be consistent and
sustainable for a long time. Contrary to his assurances, Dynagas knew
that its steady, predictable cash flow would be reduced in 2018 and for
years thereafter. On November 15, 2018, Dynagas disclosed that two of
its vessels entered extended charter contracts at “lower rates compared
with the previous charter contracts.” On this news, Dynagas’s stock fell
$1.07, or over 13.7%. Then on January 25, 2019, the magnitude of the
fraud was further revealed when Dynagas announced that it would be
cutting its quarterly distribution by 75% as it was “necessary in order
to retain more of the cash generated from the Partnership’s long term
contracts to maintain a steady cash balance.” On this news, Dynagas’
stock fell $1.11, or over 27.6%, to close at $2.91 per share on January
26, 2019, and has continued to fall.

Dynagas Shareholders Have Legal Options

Concerned shareholders who would like more information about their
rights and potential remedies can contact attorney Leo Kandinov at (800)
350-6003, [email protected]
or via the shareholder
information form
on the firm’s website.

Robbins Arroyo LLP is a nationally recognized leader in shareholder
rights law. The firm represents individual and institutional investors
in shareholder derivative and securities class action lawsuits, and has
helped its clients realize more than $1 billion of value for themselves
and the companies in which they have invested.

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

Contacts

Leo Kandinov
Robbins Arroyo LLP
5040 Shoreham Place
San
Diego, CA 92122
[email protected]
(619)
525-3990 or Toll Free (800) 350-6003
www.robbinsarroyo.com


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Cannabis

Sannabis, Inc. (OTC: USPS) Announces First Shipment of Cannabis Essential Oil from Colombia to U.S. to Fill First Order, as the DEA Re-Classifies Marijuana from Schedule I to Schedule III

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Humboldt Seed Company partners with Apollo Green to bring California cannabis genetics to the global marketplace

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humboldt-seed-company-partners-with-apollo-green-to-bring-california-cannabis-genetics-to-the-global-marketplace

Apollo Green to distribute Humboldt Seed Company clonal cannabis genetics to Germany, Portugal and Australia

SAN FRANCISCO, April 30, 2024 /PRNewswire/ — Humboldt Seed Company (HSC), California’s leading cannabis seed producer, has announced a partnership with Canadian-based Apollo Green to make eight breeder cuts available to researchers, licensed commercial cultivators and home growers in legal markets worldwide. This first-to-market clonal genetics release is a significant milestone and will expand access to distinctive, high-quality cannabis genetics in both established and emerging global markets including Germany, Portugal and Australia.

The curated, breeder-verified selection includes pioneering triploid genetics, such as OG Triploid and Donutz Triploid alongside the legendary cult classic Blueberry Muffin. Also available are All Gas OG with a THC content of 21% and four high-THC strains in the 30-35% range: Golden Sands, Guzzlerz, Jelly Donutz and Orange Creampop. These selections represent the top .01% from HSC’s extensive California pheno-hunting program.

Exports will begin in May under Apollo Green’s Canadian federal cannabis license. All shipments have Canadian phytosanitary certification, ensuring plants have been inspected, and are clean and free of pests.

“Access for all to quality genetics has been our core focus since the beginning,” said HSC Co-founder and Chief Science Officer, Benjamin Lind. “Our science-based approach to breeding aligns perfectly with Apollo Green’s high standards and we are excited to be able to extend these hand-selected cuts to a wider audience, especially at this pivotal time where we’re seeing positive regulatory changes globally.”

Oisin Tierney, Apollo Green Director of Business Development, said, “California has long been recognized for setting industry standards, and we are proud to play a role in bringing these esteemed genetics to cultivators worldwide. The triploids are especially noteworthy in terms of the unprecedented potential for enhanced plant vigor, higher yields, shorter flowering times and superior returns for solventless extraction.”

About Humboldt Seed Company

Established in 2001, Humboldt Seed Company is a Northern California heritage brand providing quality cannabis genetics to commercial cultivators and home growers in legalized states across the U.S. and international markets including Spain, Canada, Jamaica, South Africa, Colombia, France, Portugal, Greece, the UK, Malta and Thailand. With a focus on environmental and social justice, they combine traditional breeding and modern scientific practices in their strain development program. They have served the cannabis community for over two decades.

For more information visit https://humboldtseedcompany.com/.

About Apollo Green

Licensed since 2019, Apollo Green is Canada’s leader in cannabis genetics. The company’s mission is to provide an ever-growing bank of seeds and clones to medical patients and recreational consumers. Apollo Green provides clean, trusted cannabis seeds and clones, which are backed by the foremost tissue culture technology to reduce risks, costs and time-to-market for licensed producers around the world. Apollo Green is passionate about cannabis genetics. 

For more information visit https://apollogreen.com/.

Media contact
Jaana Prall
[email protected] 

Logo – https://mma.prnewswire.com/media/2328955/Humboldt_Seed_Company_Logo.jpg 

Cision View original content:https://www.prnewswire.co.uk/news-releases/humboldt-seed-company-partners-with-apollo-green-to-bring-california-cannabis-genetics-to-the-global-marketplace-302131618.html

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Technological Advancements in Breathalyzers Drive Market Growth and Enhance Road Safety

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