Press release
Investors who hold shares of Canopy Growth Corporation (NASDAQ: CGC) Long Term should contact the Shareholders Foundation in connection with Investigation of potential Wrongdoing
An investigation on was announced for long-term investors in shares of Canopy Growth Corporation (NASDAQ: CGC) concerning potential breaches of fiduciary duties by certain directors of Canopy Growth Corporation.Investors who are current long term investors in Canopy Growth Corporation (NASDAQ: CGC) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: CGC stocks follows a lawsuit filed against Canopy Growth Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: CGC stocks, concerns whether certain Canopy Growth Corporation directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Eastern District of New York the plaintiff alleges that, the Defendants made false and/or misleading statements and/or failed to disclose that Canopy had incurred significant costs producing Claybourne pre-rolled joints in connection with the Claybourne product launch in Canada, that the foregoing costs, in addition to certain indirect costs that Canopy incurred in connection with its Storz & Bickel vaporizer devices, were likely to have a significant negative impact on the Company's gross margins and overall financial results, that accordingly, Defendants had overstated the efficacy of Canopy's cost reduction measures and the health of its gross margins while downplaying issues with the same, and that as a result, Defendants' public statements were materially false and misleading at all relevant times.
Those who purchased shares of Canopy Growth Corporation (NASDAQ: CGC) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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