Canopy Growth Corporation Class Action Lawsuit - CGC

The filed complaint alleges that Canopy Growth Corporation made materially false and/or misleading statements and/or failed to disclose that: (i) issues with Canopy Growth’s BioSteel business, including, inter alia, aged inventory and overspending, had been significantly hampering the Company’s profitability; (ii) there were material weaknesses in the Company’s internal controls over accounting and financial reporting; (iii) as a result, the Company improperly booked sales of its BioSteel business unit; (iv) as a result, the Company’s revenue was overstated; and (v) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

In order to be eligible to join the CGC class action lawsuit, you must have incurred a loss on shares of Canopy Growth purchased during the class period listed above.

If you suffered a loss in Canopy Growth during the relevant time frame or pursuant to the relevant offering(s), you have until July 24, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.