Company: CGC
Filing Date: 2025-07-25
Form Type: PRE 14A
Source: 0001104659-25-070853
Chunk: 49

Company: Canopy Growth Corp
Filing Date: 2025-07-25
Form: PRE 14A
Chunk 49
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5, the Company terminated Ms. Hong’s employment with the Company. (10) Consists of 356 Shares held directly by Ms. Hong, 274,900 Options that could be exercised within 60 days of June 30, 2025, and 50,188 RSUs that will vest within 60 days of June 30, 2025. (11) Consists of 21,042 Common Shares held directly by Dr. Gedeon, 159,828 Options that could be exercised within 60 days of June 30, 2025, and 30,312 RSUs and 8,111 PSUs that will vest within 60 days of June 30, 2025. 34

TABLE OF CONTENTS

COMPENSATION DISCUSSION AND ANALYSIS Throughout this Compensation Discussion and Analysis (“ CD&A ”), we describe our executive compensation philosophy, program and decisions made in Fiscal 2025 for our named executive officers, as such term is defined by the SEC and Canadian National Instrument 51-102 – Continuous Disclosure Obligations (“ NEOs ”). For a complete understanding of the executive compensation program, this disclosure should be read in conjunction with the Summary Compensation Table and other executive compensation-related disclosures included in this Proxy Statement. For Fiscal 2025, the Company’s NEOs included our CEO, Former CFO, CLO and Former CEO, as follows:

| ​ 
 ​ 
 ​ | Name              
 Luc Mongeau       
 Judy Hong         | ​ 
 ​ 
 ​ | ​ 
 ​ 
 ​ | Title                                                                                                                           
 Chief Executive Officer (effective January 6, 2025)                                                                             
 Former Chief Financial Officer (until July 9, 2025)                                                                             | ​ 
 ​ 
 ​ |
|:--|:------------------|:--|:--|:--------------------------------------------------------------------------------------------------------------------------------|:--|
| ​ | Christelle Gedeon | ​ | ​ | Chief Legal Officer                                                                                                             | ​ |
| ​ | David Klein       | ​ | ​ | Special Advisor to the Board (January 6, 2025 through August 31, 2025) & Former Chief Executive Officer (until January 6, 2025) | ​ |

Fiscal 2025 Performance Highlights Fiscal 2025 built on the progress further advancing its path to profitability, strengthening its balance sheet and refining strategy and organizational structure to position Canopy Growth for sustainable growth and profitability. Highlights for Fiscal 2025 include: Refined Strategy and Organizational Structure post a Smooth CEO