#United States #New York #Class Action #Levi Korsinsky #Canopy Growth Corp

Class Action Lawsuit Against Canopy Growth Corporation

Investors who have faced financial setbacks due to their association with Canopy Growth Corporation (CGC) are being urged to participate in a class action lawsuit initiated by Levi & Korsinsky, LLP. This lawsuit aims to represent shareholders who believe they have been misled by the company's misleading statements over the past year. The lawsuit concerns alleged securities fraud occurring between May 30, 2024, and February 6, 2025.

Background of the Case

The plaintiffs in the case assert that the defendants engaged in fraudulent practices that severely impacted the company's financial health. Specifically, they claim that Canopy Growth Corporation concealed significant costs related to the production of its Claybourne pre-rolled joints, as well as indirect expenses associated with its Storz & Bickel vaporizer devices. These unreported costs were believed to adversely affect the company's gross margins and overall financial performance. The defendants are accused of overstating the efficacy of their cost-reduction strategies and misrepresenting the health of their gross margins. Moreover, it is asserted that the public statements made by the defendants were materially false and misleading at all relevant times.

Call to Action for Affected Investors

Eligible investors are invited to contact Levi & Korsinsky to learn more about their rights and the ongoing legal proceedings. The law firm has emphasized that those who incurred losses during the specified period can request to be appointed as lead plaintiffs by June 3, 2025. Notably, individual participation in the lawsuit does not necessitate serving as a lead plaintiff, meaning that affected investors can still seek compensation without being appointed to that role.

In a statement, Joseph E. Levi of Levi & Korsinsky highlighted the firm’s extensive experience in handling securities litigation, noting that, over the past two decades, they have successfully recovered hundreds of millions of dollars for aggrieved shareholders. The firm is recognized among the top securities litigation practices in the United States, ensuring that clients benefit from superior legal representation.

No Financial Obligation

Potential class members are informed that there are no out-of-pocket costs or fees required to participate in the lawsuit. This means that investors can pursue compensation for their losses without incurring any financial risk. Levi & Korsinsky reassures individuals that they remain committed to protecting investors' rights and providing a professional legal experience tailored to each client's needs.

To join the class action or to receive more information about the case, affected shareholders can adhere to the following protocol:

• - Visit the official website provided by Levi & Korsinsky.
• - Fill out the lawsuit submission form provided.
• - Alternatively, reach out directly via email or phone to one of the firm's representatives.

Antonio E. Levi and Ed Korsinsky, the leading attorneys on this case, have a proven track record in securities class action lawsuits. They emphasize the importance of holding companies accountable for their misleading practices and ensuring that investors have the opportunity to recover their losses effectively.

In summary, all investors who have been impacted by the alleged misleading actions of Canopy Growth Corporation are highly encouraged to seek legal counsel and participate in this class action lawsuit. By doing so, they can take proactive steps towards recovering their financial losses and potentially influencing corporate accountability within the cannabis sector.

For inquiries and participation, investors should contact Joseph E. Levi at (212) 363-7500 or visit the law firm’s website for further details.