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Canopy Growth faces SEC investigation after BioSteel sales misstatements

Por: MarketWatch Business June 23, 2023

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Canopy said that after conducting a review, it found “material misstatements” related to some sales in BioSteel, which has partnerships with star athletes like the NFL’s Patrick Mahomes and the NBA’s Luka Doncic. The company also said it found “material weaknesses” in its financial reporting protocols. The correction to the figures led to a decrease of roughly C$10 million in net sales for the year ended March 31, 2022, or roughly 2%... + full article



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