Company: CGC
Filing Date: 2025-08-07
Form Type: DEF 14A
Source: 0001104659-25-075215
Chunk: 68

Company: Canopy Growth Corp
Filing Date: 2025-08-07
Form: DEF 14A
Chunk 68
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 is designed to drive Shareholder value and to effectively attract and retain talent. Each year, we conduct a Shareholder advisory vote to approve the compensation of our NEOs as disclosed in our proxy statement for our annual meeting of shareholders (a “ say-on-pay ” vote). At our 2024 Annual General Meeting, our Shareholders approved our NEO compensation at that time, with approximately 79.45% of the votes cast voting in favor of approval. Given these results, the CGCN Committee has decided to retain our overall approach to executive compensation while continuing to evaluate our practices frequently, including in response to future say-on-pay votes. The CGCN Committee continues to monitor further stakeholder feedback, Company performance, and market developments for potential further improvements to the Company’s compensation structure for executive officers. Performance Graph The following performance graph illustrates the Company’s cumulative Shareholder return assuming reinvestment of dividends, by comparing a C$100 investment in the Shares beginning April 1, 2020 to the return on the S&P/TSX Composite Index and the Horizons Marijuana Life Sciences Index ETF.

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TABLE OF CONTENTS

| ​ | ​                                          | ​ | ​ | March 31,2020 | ​ | ​ | March 31,2021 | ​ | ​ | March 31,2022 | ​ | ​ | March 31,2023 | ​ | ​ | March 31,2024 | ​ | ​ | March 31,2025 | ​ |
| ​ | Canopy Growth Corporation                  | ​ | ​ | C$100.00      | ​ | ​ | C$214.63      | ​ | ​ | C$49.33       | ​ | ​ | C$12.65       | ​ | ​ | C$6.23        | ​ | ​ | C$0.71        | ​ |
| ​ | S&P/TSX Composite Index                    | ​ | ​ | C$100.00      | ​ | ​ | C$151.46      | ​ | ​ | C$179.78      | ​ | ​ | C$169.99      | ​ | ​ | C$193.72      | ​ | ​ | C$224.36      | ​ |
| ​ | Horizons Marijuana Life Sciences Index ETF | ​ | ​ | C$100.00      | ​ | ​ | C$223.09      | ​ | ​ | C$104.18      | ​ | ​ | C$47.82       |