Company: CGC
Filing Date: 2025-07-25
Form Type: PRE 14A
Source: 0001104659-25-070853
Chunk: 60

Company: Canopy Growth Corp
Filing Date: 2025-07-25
Form: PRE 14A
Chunk 60
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 assessed based on predetermined criteria that were established and approved by the CGCN Committee at the beginning of the fiscal year. For Fiscal 2025, all NEOs were assessed against corporate and financial objectives, which were recommended and approved by the CGCN Committee. These objectives were weighted as outlined in the table below. In Fiscal 2025, the CGCN Committee approved a performance-based bonus for our NEOs, totaling 77.6% of the target. This outcome reflects both underperformance against financial metrics and superior performance on corporate objectives. Specifically, the Company achieved 17.6% of the Revenue target and 29.3% of the Adjusted EBITDA target, which were impacted by broader industry headwinds and continued market volatility. Despite these financial challenges, the Company delivered on key corporate priorities. The corporate objectives established and certified by the CGCN Committee as having been achieved at a superior level which included cash management, new product development, and sourcing of product internationally. These priorities were designed to drive long-term sustainability and align operations with the Company’s strategic plan. The executive teams’ performance in these areas was critical to maintaining operational discipline, fostering innovation, and positioning the Company for future growth. Although the financial metrics fell below target, the approved STIP payout reflects a balanced view of performance across all metrics, recognizes the executive team’s strategic contributions during a complex fiscal year, and supports ongoing talent retention and alignment with shareholder interests.

| ​ | ​ | Fiscal 2025                                                                           | ​ | ​ | ​ | CanopyGrowthAdjustedEBITDA(1) | ​ | ​ | ​ | CanopyGrowthRevenue | ​ | ​ | ​ | OtherCorporateObjectives | ​ | ​ | ​ | Total | ​ | ​ |
| ​ | ​ | Objective Weighting                                                                   | ​ | ​ | ​ | 45%                           | ​ | ​ | ​ | 25%                 | ​ | ​ | ​ | 30%                      | ​ | ​ | ​ | 100%  | ​ | ​ |
| ​ | ​ | Achievement Against Applicable Metric Based on Adjusted Financial Performance Metrics | ​ | ​ | ​ | 29.3%                         | ​ | ​ | ​ | 17.6%               | ​ | ​ | ​ | 200%                     | ​ | ​ | ​ | –     | ​ | ​ |
| ​ | ​ | Weight X Achievement                                                                  | ​ | ​ | ​ | 13.2%                         | ​ | ​ | ​ | 4.