• 3070 Bristol Pike, Suite 112, Bensalem, PA 19020

  • Call Us: (215) 638-4847 |

    Fax: (215) 638-4867

Canopy Growth Corporation (NASDAQ: CGC)

Case Details

Join The Class Action

This lawsuit is for anyone who acquired securities in Canopy Growth Corporation (NASDAQ: CGC) from May 30, 2024 through February 6, 2025.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by telling investors that the Company had in place effective controls over costs, particularly with regard to the Company’s Claybourne infused pre-roll launch in Canada the Company’s Storz & Bickel vaporizer devices, when the Company lacked effective controls.

On February 7, 2025, Canopy released its third quarter fiscal year 2025 financial results, missing consensus estimates and reporting that its gross margin had decreased by 400 basis points to 32% “due to the incremental costs related to the Claybourne infused pre-roll launch in Canada, and an increase in indirect costs of Storz & Bickel vaporizer devices[.]” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Canopy Growth Corporation (NASDAQ: CGC) from May 30, 2024 through February 6, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.