Canopy Growth Comments on Class Securities Litigation

Date : 11/21/2019 @ 1:43PM
Source : PR Newswire (Canada)
Stock : Canopy Growth Corporation (WEED)
Quote : 32.13  0.42 (1.32%) @ 8:41PM

Canopy Growth Comments on Class Securities Litigation

Canopy Growth (TSX:WEED)
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SMITHS FALLS, ON, Nov. 21, 2019 /CNW/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NYSE: CGC) is aware of yet-to-be certified securities class-action suits having been filed in the United States that allege that the Company issued certain false and misleading statements.

The Company believes it has conducted itself in accordance with all relevant securities laws, and that the claims are without merit. The Company intends to vigorously defend itself against any such suits.

Notice Regarding Forward Looking Statements
This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Often, but not always, forward-looking statements and information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements or information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Canopy Growth or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements or information contained in this news release. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information, including the Company's ability to satisfy provincial sales contracts or provinces purchasing all cannabis allocated to them, and such risks contained in the Company's annual information form dated June 25, 2019 and filed with Canadian securities regulators available on the Company's issuer profile on SEDAR at www.sedar.com. Although the Company believes that the assumptions and factors used in preparing the forward-looking information or forward-looking statements in this news release are reasonable, undue reliance should not be placed on such information and no assurance can be given that such events will occur in the disclosed time frames or at all. The forward-looking information and forward-looking statements included in this news release are made as of the date of this news release and the Company does not undertake an obligation to publicly update such forward-looking information or forward-looking information to reflect new information, subsequent events or otherwise unless required by applicable securities laws

 

Cision View original content:http://www.prnewswire.com/news-releases/canopy-growth-comments-on-class-securities-litigation-300963022.html

SOURCE Canopy Growth Corporation

Copyright 2019 Canada NewsWire

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