The Complaint alleges, that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:
- there were material weaknesses in the Company’s internal controls over accounting and financial reporting;
- as a result, Canopy Growth improperly booked sales of its BioSteel Sports Nutrition Inc. (“BioSteel”) business unit (a sports nutrition and hydration brand originally formulated for professional athletes);
- as a result, the Company’s revenue was overstated; and
- 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.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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