Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of Canopy Growth Corporation(CGC) Shareholders

Core Viewpoint - A class action securities lawsuit has been filed against Canopy Growth Corporation, alleging securities fraud that negatively impacted investors between May 30, 2024, and February 6, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Canopy Growth Corporation incurred significant costs related to the production of Claybourne pre-rolled joints, which were not disclosed to investors [2]. - It is alleged that these costs, along with indirect costs from Storz & Bickel vaporizer devices, would significantly harm the company's gross margins and overall financial performance [2]. - The defendants are accused of overstating the effectiveness of Canopy's cost reduction measures and the health of its gross margins while minimizing related issues [2]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until June 3, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this [3]. - Class members may be eligible for compensation without incurring any out-of-pocket costs or fees [3]. Group 3: Legal Firm Background - Levi & Korsinsky, LLP has a history of securing substantial settlements for shareholders and is recognized as one of the top securities litigation firms in the United States [4].