SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Canopy Growth Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of July 24, 2023 – (NASDAQ: CGC)

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NEW YORK, June 01, 2023 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Canopy Growth Corporation.

Metadata

Provider:

GlobeNewswire, Inc.

Retrieved on:

Thursday, June 1, 2023

Information

Tags:

NEXT, Canopy Growth, BioSteel, CGC, Fraud, Holding company, Security (finance)

Geotags:

NEW YORK, NY, US

⚠ partially generated by AI ↴

Organisation:

GROSS LAW FIRM, THE GROSS LAW FIRM, CANOPY GROWTH

Stock Symbol:

NASDAQ:CGC

Summary

Key Points:

NEW YORK, June 01, 2023 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Canopy Growth Corporation.
Shareholders who purchased shares of CGC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment.
DEADLINE: July 24, 2023 Shareholders should not delay in registering for this class action.
The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship.

NEW YORK, June 01, 2023 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Canopy Growth Corporation.

Shareholders who purchased shares of CGC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.

https://securitiesclasslaw.com/securities/canopy-growth-loss-submission-form/?id=40145&from=3

CLASS PERIOD: May 31, 2022 to May 10, 2023

ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) there were material weaknesses in the Company’s internal controls over accounting and financial reporting; (2) as a result, the Company improperly booked sales of its BioSteel business unit; (3) as a result, the Company’s revenue was overstated; and (4) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

DEADLINE: July 24, 2023 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/canopy-growth-loss-submission-form/?id=40145&from=3

NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of CGC during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is July 24, 2023. There is no cost or obligation to you to participate in this case.

WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: [email protected]
Phone: (646) 453-8903