Glancy Prongay & Murray Launches Investigation into Canopy Growth Corporation

Glancy Prongay & Murray LLP, a prominent national shareholder rights law firm, has initiated an investigation on behalf of Canopy Growth Corporation (“Canopy” or the “Company”) CGC investors. This inquiry focuses on potential violations of federal securities laws by the Company.

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Details of the Investigation

What triggered this investigation? On February 7, 2025, Canopy Growth reported its third-quarter fiscal year 2025 financial results. The Company not only missed consensus estimates but also revealed that its gross margin decreased by 400 basis points to 32%. This decline was attributed to increased costs associated with the launch of the Claybourne infused pre-rolls in Canada, combined with rising indirect expenses for Storz & Bickel vaporizer devices.

Following this announcement, Canopy’s stock price dropped by $0.76, or 27.3%, closing at $2.02 per share. This steep fall has raised concerns among investors regarding the Company’s financial practices.

Contact for More Information

If you would like to learn more about this investigation or have questions regarding your rights or interests, please reach out to us.

Charles Linehan, Esq.,

Glancy Prongay & Murray LLP,

1925 Century Park East, Suite 2100,

Los Angeles, California 90067

Email: [email protected]

Telephone: 310-201-9150 (Toll-Free: 888-773-9224)

Visit our website at www.glancylaw.com.

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Whistleblower Notice

Individuals possessing non-public information about Canopy Growth may consider opportunities to support the investigation or utilize the SEC Whistleblower Program. This program offers rewards of up to 30 percent of any successful recovery achieved by the SEC for whistleblowers who provide original information. For further details, contact Charles H. Linehan at 310-201-9150, 888-773-9224, or email [email protected].

About Glancy Prongay & Murray LLP

Glancy Prongay & Murray LLP (“GPM”) is a leading law firm focused on representing investors and consumers in securities litigation and various complex class actions. GPM consistently ranks among the Top 50 Securities Class Action Settlements according to ISS Securities Class Action Services. Notably, in 2018, the firm was recognized as a top five law firm in terms of the number of securities class action settlements and ranked sixth for the total size of settlements.

With four offices across the United States, GPM’s experienced attorneys have secured significant rulings and recovered billions for investors and consumers across multiple sectors. The firm has addressed a wide range of corporate misconduct cases and has been prominently featured in various reputable news outlets, including The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, and many others.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20250410215046/en/

Glancy Prongay & Murray LLP,

1925 Century Park East, Suite 2100,

Los Angeles, CA 90067

Charles Linehan

Email: [email protected]

Telephone: 310-201-9150

Toll-Free: 888-773-9224

Visit our website at: www.glancylaw.com.