Canopy growth announces voluntary application for a management cease trade order
Smiths falls, on , may 26, 2023 /prnewswire/ - canopy growth corporation ("canopy growth" or the "company") (tsx: weed) (nasdaq: cgc) announced today, that further to the company's previously announced internal review of the financial reporting matters related to biosteel sports nutrition inc. (the "biosteel review") and the determination from the company that it will need to restate its (i) audited consolidated financial statements for the fiscal year ended march 31, 2022, included in the company's annual report on form 10-k for the fiscal year ended march 31, 2022 and (ii) unaudited consolidated financial statements for the quarterly periods ended june 30, 2022, september 30, 2022 and december 31, 2022, included in the corporation's quarterly reports on form 10-q for such quarterly periods (collectively, the "restated financial statements"), as further described in the company's material change report and the company's current report on form 8-k each dated may 10, 2023, pursuant to national policy 12-203 – management cease trade orders ("np 12-203"), the company has voluntarily applied to the applicable securities regulatory authorities for a management cease trade order related to the company's securities to be imposed against certain directors and officers of the company (the "mcto"). once granted, the mcto will be in effect until the restated financial statements are filed.
CGC Ratings Summary
CGC Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission