Company: CGC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000950170-25-015839
Chunk: 233

Company: Canopy Growth Corp
Filing Date: 2025-02-07
Form: 10-Q
Item: Item 8
Chunk 233
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- $56.10

        1,040,200

        4.96

        183,390

        3.64

        $56.11 - $585.10

        409,430

        1.08

        301,556

        1.16

        3,480,308

        4.32

        1,153,927

        3.69

      1 Prior period Options and exercise price amounts have been retrospectively adjusted to reflect the Share Consolidation, which became effective on December 15, 2023. See Note 2 for details.At December 31, 2024, the weighted average exercise price of the Options outstanding and Options exercisable was $37.84 and $75.56, respectively (March 31, 2024 – $70.01 and $312.68, respectively).

25

The Company recorded $3,262 and $9,484 in share-based compensation expense related to Options issued to employees and contractors for the three and nine months ended December 31, 2024, respectively (three and nine months ended December 31, 2023 – $2,671 and $7,637, respectively). The share-based compensation expense for the nine months ended December 31, 2024, includes an amount related to 107,874 Options being provided in exchange for services which are subject to performance conditions (for the nine months ended December 31, 2023 – 107,874).The Company uses the Black-Scholes option pricing model to establish the fair value of Options granted during the three months ended December 31, 2024 and 2023, on their measurement date by applying the following assumptions:

        December 31,
         
        December 31,

        2024
         
        2023

        Risk-free interest rate
         
        -
         
        3.95%

        Expected life of options (years)
         
        -
         
        3 - 5

        Expected volatility
         
        -
         
        101%

        Expected forfeiture rate
         
        -
         
        21%

        Expected dividend yield
         
        -
         
        nil

        Black-Scholes value of each Option
         
        -
         
        $5.33
       
      Volatility was estimated by using the historical volatility of the Company. The expected life