CLASS ACTION ALERT: The Law Offices of Vincent Wong Remind Canopy Growth Investors of a Lead Plaintiff Deadline of July 24, 2023

Author's Avatar
Jul 24, 2023

PR Newswire

NEW YORK, July 24, 2023 /PRNewswire/ -- Attention Canopy Growth Corporation ("Canopy Growth") (NASDAQ: CGC) shareholders:

The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors who purchased between June 1, 2021 and May 10, 2023.

If you suffered a loss on your investment in Canopy Growth, contact us about potential recovery by using the link below. There is no cost or obligation to you.

ABOUT THE ACTION: The class action against Canopy Growth includes allegations that the Company made materially false and/or misleading statements and/or failed to disclose that: (i) issues with Canopy Growth's BioSteel business, including, inter alia, aged inventory and overspending, had been significantly hampering the Company's profitability; (ii) there were material weaknesses in the Company's internal controls over accounting and financial reporting; (iii) as a result, the Company improperly booked sales of its BioSteel business unit; (iv) as a result, the Company's revenue was overstated; and (v) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

DEADLINE: July 24, 2023

Aggrieved Canopy Growth investors only have until July 24, 2023 to request that the Court appoint you as lead plaintiff. You are not required to act as a lead plaintiff in order to share in any recovery.

Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
E-Mail: [email protected]

favicon.png?sn=NY64175&sd=2023-07-24 View original content:

SOURCE The Law Offices of Vincent Wong