Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Canopy Growth Corporation (CGC)

Core Viewpoint - A securities class action lawsuit has been filed against Canopy Growth Corporation for failing to disclose significant costs related to product launches, which negatively impacted financial results and gross margins [1][2]. Group 1: Lawsuit Details - The lawsuit is on behalf of all individuals or entities that purchased Canopy securities between May 30, 2024, and February 6, 2025 [1]. - Allegations include failure to disclose significant costs associated with the Claybourne pre-rolled joints and indirect costs from Storz & Bickel vaporizer devices [2]. Group 2: Financial Impact - Canopy announced disappointing financial results on February 7, 2025, attributing them to costs from the Claybourne product launch and increased indirect costs [3]. - Following the announcement, Canopy's share price dropped by 27.24%, closing at $2.02 on the same day [3]. Group 3: Investor Information - Investors who acquired Canopy shares are encouraged to contact the law firm before the lead plaintiff motion deadline of June 3, 2025 [4].