Groupe Dynamite Inc.

Case Overview

Between December 9, 2025 and June 15, 2026 inclusive, Groupe Dynamite Inc. ("Groupe Dynamite" or the "Company"), its officers, 4370368 Canada Inc. (a company controled by Groupe Dynamite’s CEO) as well as several underwriters (collectively, the "Defendants") published documents that contain misrepresentations and omit to disclose material facts relating to Groupe Dynamite’s growth, including its decreasing revenue generated in Canada and comparable store sales growth.

The effect of Defendants’ misconduct was to artificially inflate the value of Groupe Dynamite’s securities. As a result, members of the proposed class acquired Groupe Dynamite’s securities at artificially inflated prices that did not reflect their true value.

When the entire truth emerged on June 16, 2026, the value of Groupe Dynamite’s securities plummeted, resulting in a loss to the members of the proposed class.

The proposed class action seeks to obtain a judgment ordering the Defendants to pay damages to each member of the proposed class.

Members of the Proposed Class

You are a member of the proposed class if you purchased Groupe Dynamite securities between December 9, 2025 and June 15, 2026 and held all or some of those securities as of June 16, 2026.

Case Status

On August 4, 2026, an Application for Authorization to Institute a Class Action and for Authorization to Bring an Action for Damages under article 225.4 of the Securities Act, CQLR c V-1.1 was filed before the Superior Court of Québec.  

The class action is currently at the authorization stage.

Proceedings and Judgments

• • Application for Authorization to Institute a Class Action and for Authorization to Bring an Action for Damages under article 225.4 of the Securities Act (in French only).