The Schall Law Firm, a national litigation firm specializing in shareholder rights, has issued a reminder regarding a class action lawsuit against Canopy Growth Corporation (“Canopy Growth” or “the Company”) CGC. This lawsuit claims violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934, as well as Rule 10b-5 set forth by the U.S. Securities and Exchange Commission.

Investors who acquired Canopy Growth’s securities during the Class Period, which runs from May 30, 2024, to February 6, 2025, should contact the firm before June 3, 2025.

Shareholders who believe they experienced financial losses are encouraged to participate in the suit.

To discuss your rights for free, contact Brian Schall at the Schall Law Firm, located at 2049 Century Park East, Suite 2460, Los Angeles, CA 90067. Call 310-301-3335 or visit the firm’s website at www.schallfirm.com, or email [email protected].

At this point, the class has yet to be certified, meaning absent class members are not represented by an attorney unless they take action.

According to the Complaint, Canopy Growth provided false and misleading market statements. The Company incurred substantial production costs during the launch of its Claybourne pre-rolled joints in Canada. Additionally, costs associated with its vaporizer devices were expected to adversely affect its gross margin and overall financial performance. Furthermore, Canopy Growth allegedly overstated the effectiveness of its cost reduction initiatives. Consequently, the public statements made by the Company during the Class Period were false and materially misleading. Once the market understood the realities of Canopy Growth’s situation, investors faced significant losses.

Investors are invited to join the lawsuit to seek recovery for their losses.

The Schall Law Firm represents investors globally and is well-versed in securities class action lawsuits and shareholder rights legal matters.

This press release could be considered Attorney Advertising in some jurisdictions according to applicable laws and ethical rules.

View the source version on businesswire.com:
https://www.businesswire.com/news/home/20250407107448/en/

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]