The Law Offices of Frank R. Cruz announces an investigation of Canopy Growth Corporation (“Canopy Growth” or the “Company”) (NASDAQ: CGC) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On May 10, 2023, Canopy Growth announced that certain previously issued financial statements should no longer be relied upon, because it “identified certain trends in the booking of sales by the BioSteel Sports Nutrition Inc. (“BioSteel”) business unit for further review.” The Company specified that “although the BioSteel Review remains ongoing, the Company has preliminarily identified material misstatements.”
On this news, Canopy Growth’s stock price $0.18, or 14.6%, to close at $1.04 per share on May 11, 2023, thereby injuring investors.
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If you purchased Canopy Growth securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to firstname.lastname@example.org, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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