Thieler Law Corp advises investors with losses exceeding $100,000 of the January 20, 2020 lead plaintiff deadline in a class action lawsuit filed against Canopy Growth Corporation (NYSE: CGC) (“Canopy” or “the Company”). The suit is pending in the U.S. District Court for the District of New Jersey and investors, who purchased Canopy Growth Corporation securities between June 21, 2019 and November 13, 2019, have until January 20, 2020 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Canopy Growth Corporation securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that the Company was experiencing weak demand for its softgel and oil products; 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 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.

On November 14, 2019, Canopy revealed its financial results for the second quarter of fiscal year 2020. Canopy reported revenue that fell below the lowest analyst estimate and an EBITDA loss of C$155.7 million. In addition, the Company further advised investors that it was unlikely to meet its previous revenue guidance of C$250 million by the fiscal fourth quarter.

Following this news, Canopy’s stock price fell sharply during intraday trading on November 14, 2019.

If you were negatively impacted by your investment in Canopy Growth Corporation securities between June 21, 2019 and November 13, 2019 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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