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ROSEN, LEADING TRIAL ATTORNEYS, Encourages Canopy Growth Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action - CGC
CGCCanopy Growth(CGC) GlobeNewswire News Room·2025-04-12 19:30

Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of investors who purchased Canopy Growth Corporation securities between May 30, 2024, and February 6, 2025, alleging that the company made false and misleading statements regarding its financial health and cost management [1][5]. Group 1: Lawsuit Details - The class action lawsuit claims that Canopy Growth incurred significant costs related to the production of Claybourne pre-rolled joints and Storz & Bickel vaporizer devices, which negatively impacted its gross margins and overall financial results [5]. - Defendants allegedly overstated the effectiveness of Canopy Growth's cost reduction measures while downplaying issues related to gross margins, leading to materially false and misleading public statements [5]. - Investors are encouraged to join the class action to seek compensation without any out-of-pocket fees through a contingency fee arrangement [2][3]. Group 2: Legal Representation - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting its own success in recovering hundreds of millions of dollars for investors [4]. - The firm has been recognized for its leadership in securities class action settlements, achieving significant recoveries in previous cases [4]. - Investors can join the class action by submitting a form or contacting the firm directly for more information [3][6].