LOS ANGELES–(BUSINESS WIRE)–$CGC #CGC—The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Canopy Growth Corporation (“Canopy” or “the Company”) (NYSE: CGC) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Canopy announced its second quarter 2020 financial results on November 14, 2019. The Company suffered an EBITDA loss of CA$155.7 million and revenue that missed analyst estimates. The Company failed to properly calculate inventory and demand for its products. Charges including returns and restructuring cost the Company CA$40.4 million in the quarter.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.