The filed complaint alleges that defendants made false statements and/or concealed that: (i) issues with Canopy Growth’s BioSteel business, including, inter alia, aged inventory and overspending, had been significantly hampering the Company’s profitability; (ii) there were material weaknesses in the Company’s internal controls over accounting and financial reporting; (iii) as a result, the Company improperly booked sales of its BioSteel business unit; (iv) as a result, the Company’s revenue was overstated; and (v) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.