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Canopy Growth Corporation

A proposed partial settlement has been reached in the class action against Canopy Growth Corporation, its officers, and auditor KPMG LLP. The settlement is subject to court approval.

Opening soonOntario onlyClaim deadline: Pending court decisionEstimated payout: CAD $3,500,000Claims not open yet

About this settlement

Allegations of securities violations by Canopy Growth Corporation and related parties.

A class action was commenced against Canopy Growth Corporation, David Klein, Judy Hong, and KPMG LLP. The Plaintiff and KPMG have reached a proposed partial settlement of CAD $3,500,000, which is subject to approval by the Ontario Superior Court of Justice. If approved, the action would end against KPMG, but continue against the other defendants. The settlement amount includes fees, taxes, expenses, and interest. The class period is from June 1, 2021, to June 22, 2023. A Settlement Approval Hearing is scheduled for December 10, 2026. Options include staying in the class action, objecting, or opting out by specific deadlines. Class Counsel is KND Complex Litigation.

Who qualifies

  • Persons or entities who acquired Canopy's securities in the secondary market between June 1, 2021, and June 22, 2023, and held them until May 10, 2023, or June 22, 2023.
  • Must be residents of Canada or acquired securities on a Canadian or non-US exchange.
  • Certain Excluded Persons are not eligible.

CAD $3,500,000

Claim deadline: Pending court decision

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