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CBD Co. Says Investors' Fraudulent Intent Claims Fall Short

Law 360

Canopy Growth Corp. is urging a New York federal court to throw out claims that it misled investors about the prospects of a sports nutrition subsidiary, saying the proposed class action fails to establish a motive for the alleged fraud or that the cannabis company was aware that any statements it made were false.

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CBD Co. Overstated Revenue, Investor Suit Says

Law 360

Canopy Growth Corp., which sells cannabis products for recreational and medical use, was hit with a proposed class action from an investor alleging that the company failed to disclose weaknesses in its operations, accounting and financial reporting, leading its securities to be traded at "artificially inflated prices."

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