Silver Law Group, a nationally-recognized class action law firm representing investors, is investigating Canopy Growth Corporation (CGC), a publicly-traded company involved in the production, distribution, and sale of cannabis in Canada, on behalf of shareholders of the company’s stock.
The investigation concerns potential violations of federal securities laws.
Canopy Growth Corporation (CGC) Announces Financial Results
On November 14, 2019, Canopy announced financial results for second quarter of fiscal 2020 with revenue loss of C$155.7 million. This was lower than the lowest analyst estimate and shocked investors.
The company also said that it would be unlikely to meet its revenue guidance of C$250 million by the fiscal fourth quarter. The company’s stock fell significantly as a result.
The company held a public offering in 2018 that grossed $175,076,000 by selling over 5 million shares. GMP Securities L.P. and BMO Capital Markets were joint bookrunners for the offering.
Recovering Money Lost With Canopy Growth Corporation (CGC) Stock
If you know of any facts related to this investigation or suffered losses with Canopy Growth Corporation, we’d like to hear from you. Contact us to discuss your legal rights and potential options to recover your losses.
Cannabis lawsuits continue to grow as many cannabis companies fail to meet previous expectations. Our attorneys handle cannabis litigation for investors in cannabis as well as disputes over the quality and quantity of CBD or cannabis in various products.
Silver Law Group represents the interests of investors who have been the victims of investment fraud. Our attorneys represent investors in class actions against issuers in state or federal court and investors in securities arbitration claims against Wall Street firms for stockbroker misconduct. Scott Silver is the chairman of the Securities and Financial Fraud Group of the American Association of Justice and represents investors nationwide in securities investment fraud cases. Please contact Scott Silver of the Silver Law Group for a free consultation at email@example.com or toll free at (800) 975-4345.