Canopy Growth Corporation
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Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Canopy Growth Corporation (NYSE: CGC) from June 21, 2019 through November 13, 2019 (the “Class Period”). The lawsuit seeks to recover damages for Canopy Growth Corporation investors under the federal securities laws.
If you bought Canopy Growth Corporation securities between June 21, 2019 through November 13, 2019, and would like to join the action, please click “Join This Class Action,” above.
SHAREHOLDER ALERT: Zhang Investor Law Announces a Securities Class Action Lawsuit Against Canopy Growth Corporation – CGC
New York, N.Y., November 21, 2019. Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of Canopy Growth Corporation (NYSE:CGC) between June 21, 2019 and November 13, 2019, inclusive (the “Class Period”).
To join the CGC class action, go to http://zhanginvestorlaw.com/cases/canopy-growth-corporation/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email email@example.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU NEED NOT BE A LEAD PLAINTIFF IN ORDER TO OBTAIN A RECOVERY.
According to the lawsuit, throughout the Class Period (1) the Company was experiencing weak demand for its softgel and oil products; (2) as a result, the Company would be forced to take a CA$32.7 million restructuring charge due to poor sales, excessive returns, and excess inventory; and (3) due to the foregoing, defendants’ statements about Canopy’s receivables, business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 21, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/canopy-growth-corporation/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at firstname.lastname@example.org.
Zhang Investor Law represents investors worldwide.