Canopy Growth(CGC) Prnewswire·2025-04-21 09:45Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Canopy Growth Corporation regarding a class action lawsuit due to alleged misleading statements and undisclosed costs impacting the company's financial performance [1][2]. Summary by Relevant Sections Allegations - The complaint alleges that Canopy Growth Corporation made materially false and misleading statements during the class period from May 30, 2024, to February 6, 2025 [1]. - Specific allegations include significant costs incurred in producing Claybourne pre-rolled joints and indirect costs related to Storz & Bickel vaporizer devices, which negatively impacted gross margins and overall financial results [1]. - The company is accused of overstating the effectiveness of its cost reduction measures and the health of its gross margins while downplaying related issues [1]. Class Action Details - Shareholders who purchased shares during the specified class period are encouraged to register for the class action, with a deadline set for June 3, 2025 [2]. - Registered shareholders will receive updates through portfolio monitoring software throughout the case lifecycle [2]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3].