Company: CGC
Filing Date: 2025-07-25
Form Type: PRE 14A
Source: 0001104659-25-070853
Chunk: 66

Company: Canopy Growth Corp
Filing Date: 2025-07-25
Form: PRE 14A
Chunk 66
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 Growth and the cannabis industry and the companies we compete with for talent. In Fiscal 2023, the CGCN Committee approved the use of two distinct groups of publicly-traded peers to inform the setting of target total direct compensation levels for NEOs. The first group includes similarly-sized Canadian consumer-focused industry comparators, including cannabis companies, while the second group includes similarly-sized U.S. CPG and also includes companies in the cannabis industry. These groups include organizations that the Company would potentially compete with for talent. The criteria used to select the peer group are as follows: • Publicly traded company, • Market capitalization between approximately 1/3 and 3 times that of the Company at the time of the review in early Fiscal 2023 (with the Company positioned at or near median), and • Operating within the consumer discretionary, consumer staples or pharmaceuticals industries.

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TABLE OF CONTENTS

The peers selected for benchmarking executive compensation in Fiscal 2025 are:

| ​ | Company Name                      | ​ | ​ | ​ | Cannabis | ​ | ​ | ​ | Peer Group | ​ | ​ | ​ | Global Industry Classification Sub-      
 Industry                                 | ​ |
| ​ | Pet Valu Holdings Ltd.            | ​ | ​ | ​ | ​        | ​ | ​ | ​ | CAN        | ​ | ​ | ​ | Specialty Stores                         | ​ |
| ​ | Jamieson Wellness Inc.            | ​ | ​ | ​ | ​        | ​ | ​ | ​ | CAN        | ​ | ​ | ​ | Personal Products                        | ​ |
| ​ | SNDL Inc.                         | ​ | ​ | ​ | •        | ​ | ​ | ​ | CAN        | ​ | ​ | ​ | Pharmaceuticals                          | ​ |
| ​ | Village Farms International, Inc. | ​ | ​ | ​ | •        | ​ | ​ | ​ | CAN        | ​ | ​ | ​ | Agricultural Products - produce cannabis | ​ |
| ​ | Andrew Peller Limited             | ​ | ​ | ​ | ​        | ​ | ​ | ​ | CAN        | ​ | ​ | ​ | Distillers and Vintners                  | ​ |
| ​ | High Tide Inc.                    | ​ | ​ | ​ | •        | ​ | ​ | ​ | CAN        | ​ | ​ | ​ | Pharmaceuticals                          | ​ |
| ​ | Goodfood Market Corp.             | ​ | ​ | ​ | ​        | ​ | ​ | ​ | CAN        | ​ |