Company: CGC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000950170-25-015839
Chunk: 232

Company: Canopy Growth Corp
Filing Date: 2025-02-07
Form: 10-Q
Item: Item 8
Chunk 232
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 plan.The maximum number of common shares reserved for issuance upon the exercise or vesting, as applicable, of Awards granted pursuant to the Incentive Plans is 12,915,301 as at December 31, 2024. As of December 31, 2024, the only Awards issued have been Options, RSUs and performance share units (“PSUs”) under the Previous Equity Incentive Plan, and Options and RSUs under the Omnibus Equity Incentive Plan.The Omnibus Equity Incentive Plan is administered by the Corporate Governance, Compensation and Nominating Committee of the Board, which establishes in its discretion, among other things, exercise prices, at not less than the Fair Market Value (as defined in the Omnibus Equity Incentive Plan) at the date of grant, vesting terms and expiry dates (set at up to ten years from issuance) for Awards, subject to the limits contained in the Omnibus Equity Incentive Plan.The following is a summary of the changes in the Options outstanding during the nine months ended December 31, 2024:

        Optionsissued

        Weightedaverageexercise price

        Balance outstanding at March 31, 2024

        2,883,922

        $
        70.01

        Options granted

        765,107

        10.37

        Replacement options issued resulting from the Acreage Acquisition

        93,383

        85.67

        Options exercised

        (18,621
        )

        6.05

        Options expired/forfeited

        (243,483
        )

        226.05

        Balance outstanding at December 31, 2024

        3,480,308

        $
        37.84

      The following is a summary of the Options outstanding as at December 31, 2024:

        Options Outstanding

        Options Exercisable

        Weighted Average

        Weighted Average

        Remaining

        Remaining

        Outstanding at

        Contractual Life

        Exercisable at

        Contractual Life

        Range of Exercise Prices
         
        December 31, 2024

        (years)

        December 31, 2024

        (years)

        $0.60 - $7.50

        2,030,678

        4.50

        668,981

        4.50

        $7.51