Investigation Launched Over Canopy Growth’s Stock Decline
The Law Offices of Howard G. Smith has announced an investigation on behalf of investors in Canopy Growth Corporation (“Canopy” or the “Company”) CGC regarding potential violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN CANOPY GROWTH CORPORATION (CGC), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.
Investors can reach out to the Law Offices of Howard G. Smith by email at [email protected], by phone at (215) 638-4847, or visit our website at www.howardsmithlaw.com for further assistance.
What Events Transpired?
On February 7, 2025, Canopy reported its third quarter fiscal year 2025 financial results, failing to meet consensus estimates. The Company’s gross margin decreased by 400 basis points to 32%. This decline was attributed to incremental costs associated with the launch of the Claybourne infused pre-rolls in Canada and increased indirect costs for Storz & Bickel vaporizer devices.
Following this announcement, Canopy’s stock price experienced a significant decline, dropping $0.76 or 27.3%, to close at $2.02 per share on the same day. This decline adversely impacted investors.
How to Get Involved or Obtain Further Information:
If you purchased securities in Canopy, possess any information, or wish to learn more about these claims, we encourage you to reach out to us:
Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Telephone: (215) 638-4847
Email: [email protected],
Visit our website at: www.howardsmithlaw.com.
Please note, this press release may be considered Attorney Advertising in certain jurisdictions according to applicable laws and ethical standards.
View the original version on businesswire.com: https://www.businesswire.com/news/home/20250410784577/en/
Contact Information:
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
[email protected]
www.howardsmithlaw.com
