Levi & Korsinsky Announces Canopy Growth Corporation Class Action Investigation; CGC Lawsuit

Class Action Reports

Levi & Korsinsky Announces Canopy Growth Corporation Class Action Investigation; CGC Lawsuit

Levi & Korsinsky, LLP

December 2, 2019

Levi & Korsinsky, LLP announces that a CGC class action lawsuit has been commenced on behalf of investors who purchased Canopy Growth Corporation (CGC) securities between June 21, 2019 and November 13, 2019. For more on the Canopy Growth Corporation Class Action please contact us today.

According to the Canopy Growth Corporation lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company was experiencing weak demand for its softgel and oil products; (2) as a result, the Company would be forced to take a CA$32.7 million restructuring charge due to poor sales, excessive returns, and excess inventory; and (3) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

TO LEARN MORE ABOUT THE CGC CLASS ACTION, VISIT: https://www.zlk.com/pslra-1/canopy-growth-corporation-loss-form?prid=4567&wire=9

If you suffered a loss in Canopy Growth Corporation you have until January 20, 2020 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com