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 18, 2025 | 12:15 pm
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The lawsuit claims Canopy Growth misled investors about its cost reduction strategies and financial performance, potentially impacting investor confidence and stock valuation.
The class action lawsuit directly targets CGC, alleging material misstatements about financial performance. The stock already experienced a 27.34% drop on the day of financial disclosure, and the pending legal action could further erode investor confidence and potentially result in financial penalties.
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