The Law Offices of Frank R. Cruz has initiated an investigation into Canopy Growth Corporation (“Canopy” or the “Company”) CGC. This investigation is being conducted on behalf of investors who may have experienced losses related to potential violations of federal securities laws by the Company.

IF YOU ARE AN INVESTOR WHO LOST MONEY ON CANOPY GROWTH CORPORATION (CGC), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.

Overview of the Investigation:

On February 7, 2025, Canopy released its third quarter fiscal year 2025 financial results. The report fell short of consensus estimates and revealed a decline in gross margin, which decreased by 400 basis points to 32%. This decline was attributed to increased costs from the launch of the Claybourne infused pre-rolls in Canada, along with rising indirect costs associated with Storz & Bickel vaporizer devices.

Following this news, Canopy’s stock price dropped by $0.76, or 27.3%, closing at $2.02 per share on the same day. This sharp decline raises concerns among investors regarding the company’s financial disclosures and their implications.

How to Get Involved or Learn More:

If you purchased Canopy securities and have relevant information, or if you have questions about this announcement or your rights, you are encouraged to reach out:

The Law Offices of Frank R. Cruz
2121 Avenue of the Stars, Suite 800
Century City, California 90067
Call us at: 310-914-5007
Email us at: [email protected]
Visit our website at: www.frankcruzlaw.com.
Follow us for updates on Twitter at twitter.com/FRC_LAW.

If you contact us via email, please include your mailing address, telephone number, and the number of shares purchased.

This press release may constitute Attorney Advertising in certain jurisdictions in accordance with applicable laws and ethical standards.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250409383424/en/

The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz
310-914-5007
[email protected]
www.frankcruzlaw.com