NEW YORK, NY / ACCESSWIRE / November 15, 2019 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Canopy Growth Corporation ("Canopy" or the "Company") (NYSE:CGC). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/cgc.
The investigation concerns whether Canopy and certain of its officers and/or directors have violated federal securities laws.
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 during intraday trading on November 14, 2019.
If you are aware of any facts relating to this investigation, or purchased Canopy shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/cgc. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC