Canopy Growth Corp.

Turpel v. Canopy Growth Corporation et al., (Case No. 1:23-cv-04302), S.D.N.Y.

Stock ticker:

After the market closed on May 10, 2023, Canopy Growth Corp. announced that its previously issued financial statements for the fiscal year ended March 31, 2022 and the quarters ended June 30, 2022, September 30, 2022 and December 31, 2022 should no longer be relied upon, and would need to be restated due to material misstatements related to revenue recognition in the Company’s BioSteel Sports Nutrition Inc. business unit.  

On this news, the price of Canopy Growth common stock dropped more than 14% in intraday trading on May 11, 2023.

Download Complaint

Are you a victim of corporate fraud?

Talk to us about your case.

Contact our attorneys for a no-cost case evaluation.