Company: CGC
Filing Date: 2025-08-07
Form Type: DEF 14A
Source: 0001104659-25-075215
Chunk: 50

Company: Canopy Growth Corp
Filing Date: 2025-08-07
Form: DEF 14A
Chunk 50
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 of August 1, 2025, and 30,312 RSUs and 8,111 PSUs that will vest within 60 days of August 1, 2025. 36

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 Transition • After a comprehensive search, Canopy Growth’s Board named Mr. Luc Mongeau as new CEO. Mr. Mongeau is an accomplished senior leader with more than 25 years of consumer-packaged goods (“ CPG ”) experience. Prior to being appointed CEO, Mr. Mongeau had been actively engaged with the Board, first as an observer of the Board before assuming the role as a Board member in February of 2024. • Following a business review led by Mr. Mongeau, Canopy Growth has