Canopy Growth Class Action Filed Over Securities Violations
ByAinvest
Tuesday, Apr 29, 2025 8:12 am ET1min read
CGC--
A class-action lawsuit has been filed against Canopy Growth Corporation (NASDAQ: CGC), alleging violations of federal securities laws. The lawsuit claims that the company and certain officers engaged in fraudulent activities between May 30, 2024, and February 6, 2025, affecting shareholders who purchased or acquired Canopy securities during this period. The lawsuit, which was filed by the Schall Law Firm, alleges that Canopy Growth made false and misleading statements about its production costs and the efficacy of its cost reduction measures [1].
The complaint, which was filed on April 24, 2025, claims that Canopy Growth overstated the effectiveness of its cost reduction measures and the health of its gross margins while downplaying issues related to the production of Claybourne pre-rolled joints and Storz & Bickel vaporizer devices. These false statements, according to the complaint, materially misled investors and caused them to suffer damages [1].
The class period for this lawsuit is from May 30, 2024, to February 6, 2025. Investors who purchased Canopy Growth securities during this period are encouraged to contact the Schall Law Firm to discuss their rights and potential participation in the lawsuit. The deadline to register for the class action is June 3, 2025 [1].
The Gross Law Firm and Rosen Law Firm have also issued notices to shareholders, encouraging them to contact their respective firms regarding possible lead plaintiff appointments. The Gross Law Firm, based in New York, and the Rosen Law Firm, based in New York, are both nationally recognized class action law firms that specialize in securities class action lawsuits and shareholder rights litigation [2][3].
Investors are advised to review the details of the lawsuit and consult with legal counsel to determine their rights and options. The class, in this case, has not yet been certified, and investors are not represented by an attorney unless they retain one. The law firms involved in this case have a proven track record of recovering damages for investors [2][3].
References
[1] https://www.morningstar.com/news/pr-newswire/20250424la71986/cgc-investors-have-opportunity-to-lead-canopy-growth-corporation-securities-fraud-lawsuit-with-the-schall-law-firm
[2] https://www.globenewswire.com/news-release/2025/04/28/3069503/0/en/Lost-Money-on-Canopy-Growth-Corporation-CGC-Join-Class-Action-Suit-Seeking-Recovery-Contact-The-Gross-Law-Firm.html
[3] https://www.marketscreener.com/quote/stock/CANOPY-GROWTH-CORPORATION-43482253/news/CGC-Investors-Have-Opportunity-to-Lead-Canopy-Growth-Corporation-Securities-Fraud-Lawsuit-49726988/
A class-action lawsuit has been filed against Canopy Growth Corporation, alleging violations of federal securities laws. The lawsuit claims that the company and certain officers engaged in fraudulent activities between May 30, 2024, and February 6, 2025, affecting shareholders who purchased or acquired Canopy securities during this period.
Title: Class-Action Lawsuit Filed Against Canopy Growth CorporationA class-action lawsuit has been filed against Canopy Growth Corporation (NASDAQ: CGC), alleging violations of federal securities laws. The lawsuit claims that the company and certain officers engaged in fraudulent activities between May 30, 2024, and February 6, 2025, affecting shareholders who purchased or acquired Canopy securities during this period. The lawsuit, which was filed by the Schall Law Firm, alleges that Canopy Growth made false and misleading statements about its production costs and the efficacy of its cost reduction measures [1].
The complaint, which was filed on April 24, 2025, claims that Canopy Growth overstated the effectiveness of its cost reduction measures and the health of its gross margins while downplaying issues related to the production of Claybourne pre-rolled joints and Storz & Bickel vaporizer devices. These false statements, according to the complaint, materially misled investors and caused them to suffer damages [1].
The class period for this lawsuit is from May 30, 2024, to February 6, 2025. Investors who purchased Canopy Growth securities during this period are encouraged to contact the Schall Law Firm to discuss their rights and potential participation in the lawsuit. The deadline to register for the class action is June 3, 2025 [1].
The Gross Law Firm and Rosen Law Firm have also issued notices to shareholders, encouraging them to contact their respective firms regarding possible lead plaintiff appointments. The Gross Law Firm, based in New York, and the Rosen Law Firm, based in New York, are both nationally recognized class action law firms that specialize in securities class action lawsuits and shareholder rights litigation [2][3].
Investors are advised to review the details of the lawsuit and consult with legal counsel to determine their rights and options. The class, in this case, has not yet been certified, and investors are not represented by an attorney unless they retain one. The law firms involved in this case have a proven track record of recovering damages for investors [2][3].
References
[1] https://www.morningstar.com/news/pr-newswire/20250424la71986/cgc-investors-have-opportunity-to-lead-canopy-growth-corporation-securities-fraud-lawsuit-with-the-schall-law-firm
[2] https://www.globenewswire.com/news-release/2025/04/28/3069503/0/en/Lost-Money-on-Canopy-Growth-Corporation-CGC-Join-Class-Action-Suit-Seeking-Recovery-Contact-The-Gross-Law-Firm.html
[3] https://www.marketscreener.com/quote/stock/CANOPY-GROWTH-CORPORATION-43482253/news/CGC-Investors-Have-Opportunity-to-Lead-Canopy-Growth-Corporation-Securities-Fraud-Lawsuit-49726988/
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