NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C., a nationally recognized shareholder law firm, is investigating potential claims against Canopy Growth Corporation (NYSE: CGC) on behalf of Canopy stockholders. Our investigation concerns whether Canopy has violated the federal securities laws and/or engaged in other unlawful business practices.
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On November 14, 2019, Canopy announced its financial results for the second quarter of fiscal year 2020. Among other results, Canopy reported revenue that fell below the lowest analyst estimate and an EBITDA loss of C$155.7 million, which one analyst described as “astounding.” The Company further advised investors that it was unlikely to meet its previous revenue guidance of C$250 million by the fiscal fourth quarter.
On this news, Canopy’s stock price fell sharply on November 14, 2019, to close at $15.84 per share.
If you purchased or otherwise acquired Canopy Growth Corporation shares and suffered a loss, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at email@example.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
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Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.