INVESTOR ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Canopy Growth Corporation and Certain Officers - CGC
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Pomerantz LLP has filed a class action lawsuit against Canopy Growth Corporation (CGC) alleging the company made false and misleading statements about its cost reduction measures and financial performance. The lawsuit covers the period from May 30, 2024 to February 6, 2025, focusing on allegedly overstated gross margins and understated costs related to the Claybourne pre-rolled joints launch and Storz & Bickel vaporizer devices.
April 16, 2025 | 3:00 pm
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The lawsuit claims Canopy Growth misrepresented its cost reduction efforts and financial performance, potentially damaging investor confidence and exposing the company to financial liability.
The class action lawsuit directly targets CGC, alleging systematic misrepresentation of financial performance. The stock already experienced a 27.34% drop following Q3 earnings, and the legal action could further erode investor confidence and potentially result in financial penalties.
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