Canopy Growth Corporation Stockholder Notice: Shareholder Rights Law Firm Robbins LLP Reminds Investors of the Class Action Lawsuit Against CGC

Core Viewpoint - Robbins LLP has initiated a class action lawsuit on behalf of investors who purchased Canopy Growth Corporation (CGC) securities between May 30, 2024, and February 6, 2025, alleging that the company misled investors regarding its cost reduction measures and financial health [1][2]. Group 1: Allegations Against Canopy Growth Corporation - The lawsuit claims that Canopy Growth Corporation failed to disclose significant costs associated with the production of Claybourne pre-rolled joints and indirect costs related to Storz & Bickel vaporizer devices, which negatively impacted the company's gross margins and overall financial results [2]. - It is alleged that the company overstated the effectiveness of its cost reduction measures while downplaying issues related to its gross margins [2]. Group 2: Financial Impact and Stock Performance - On February 7, 2025, Canopy announced disappointing financial results attributed to the costs from the Claybourne product launch and increased indirect costs, leading to a 27.24% drop in share price, closing at $2.02 [3]. Group 3: Class Action Participation - Shareholders interested in serving as lead plaintiffs in the class action must contact Robbins LLP before June 3, 2025, although participation is not required to be eligible for recovery [4].