Canopy Growth Corporation Shares Soar 10.56% Amid Lawsuit Surge

Canopy Growth Corporation (CGC) shares surged 10.56% in pre-market trading on May 22, 2025, marking a significant uptick in investor interest.

Canopy Growth Corporation is currently facing multiple class action lawsuits. These legal actions allege that the company made false statements and concealed significant costs related to the production of Claybourne pre-rolled joints and Storz & Bickel vaporizer devices. The lawsuits claim that these costs had a negative impact on the company's gross margins and overall financial results, leading to materially false and misleading public statements.

The lawsuits seek to recover losses for shareholders who were adversely affected by alleged securities fraud between May 30, 2024, and February 6, 2025. Investors who believe they have been impacted are encouraged to take action by contacting the relevant law firms.