Company: CGC
Filing Date: 2025-07-25
Form Type: PRE 14A
Source: 0001104659-25-070853
Chunk: 88

Company: Canopy Growth Corp
Filing Date: 2025-07-25
Form: PRE 14A
Chunk 88
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 and the target value of LTI awards to be granted during the year, where applicable. Amounts that were originally paid or recorded in Canadian dollars were converted to U.S. dollars using the Bloomberg average exchange rate of C$1.00 to US$0.6951 for the 12-month period ended March 31, 2025. This pay ratio is a reasonable estimate calculated in a manner consistent with SEC rules based on our payroll and employment records, pursuant to the methodology described above. The SEC rules for identifying the median employee and calculating the pay ratio based on that employee’s annual total compensation allow companies to adopt a variety of methodologies, to apply certain exclusions, and to make reasonable estimates and assumptions that reflect their compensation practices. As such, the pay ratio reported by other companies

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may not be comparable to the pay ratio reported above, as other companies may have different employment and compensation practices and may use different methodologies, exclusions, estimates and assumptions in calculating their own pay ratios.

**Pay Versus Performance Table**

The following table sets forth information concerning: (i) the compensation of our current CEO (Mr. Mongeau) our former CEO (Mr. Klein) and the average compensation for our other NEOs, both as reported in the Summary Compensation Table and with certain adjustments to reflect the “compensation actually paid” (“ CAP ”) to such individuals, as defined under SEC rules, for each of Fiscal 2021, fiscal year ended March 31, 2022 (“ Fiscal 2022 ”), Fiscal 2023, Fiscal 2024 and Fiscal 2025; and (ii) our cumulative total shareholder return, (“ TSR ”), the cumulative TSR of our peer group (“ Peer Group TSR ”), net income and Adjusted EBITDA (as defined below) over such years in accordance with SEC rules for each such fiscal year:

| ​ |          ​ | ​ | ​ |                      Mr. Mongeau(1)(2) |   |   |                                  | ​ | ​ |                        Mr. Klein(1)(2) |   |   |                                  | ​ | ​ |                                         Non-CEO NEOs(1)(2) |   |   |                                               | ​ | ​ | Value of Initial Fixed $100Investment Based on: |   |   |                                        | ​ | ​ |                   ​ | ​ | ​ |                        ​ | ​ |
| ​ | FiscalYear | ​ | ​ | SummaryCompensationTableTotal forPEO