DEADLINE ALERT: Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of July 24, 2023 in Canopy Growth Lawsuit – CGC

NEW YORK, NY / ACCESSWIRE / July 24, 2023 / Levi & Korsinsky, LLP notifies investors in Canopy Growth Corporation ("Canopy Growth" or the "Company") (NASDAQ:CGC) of a class action securities lawsuit.

The lawsuit on behalf of Canopy Growth investors has been commenced in the United States District Court for the Central District of California. Affected investors purchased or otherwise acquired certain Canopy Growth Corporation securities between June 1, 2021 and May 10, 2023. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/canopy-growth-lawsuit-submission-form?prid=42553&wire=1

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.

Canopy Growth Corporation NEWS - CGC NEWS

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) issues with Canopy Growth's BioSteel business, including, inter alia, aged inventory and overspending, had been significantly hampering the Company's profitability; (ii) there were material weaknesses in the Company's internal controls over accounting and financial reporting; (iii) as a result, the Company improperly booked sales of its BioSteel business unit; (iv) as a result, the Company's revenue was overstated; and (v) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

WHAT THIS MEANS TO SHAREHOLDERS: If you suffered a loss in Canopy Growth during the relevant timeframe, you have until July 24, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. Discuss your rights with our legal team without cost or obligation.

PROTECT YOUR FINANCIAL INTERESTS: Complete this brief submission form https://zlk.com/pslra-1/canopy-growth-lawsuit-submission-form?prid=42553&wire=1 or call 212-363-7500 to discuss the case.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 4th Floor Suite #427
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP

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