Company: CGC
Filing Date: 2025-07-25
Form Type: PRE 14A
Source: 0001104659-25-070853
Chunk: 82

Company: Canopy Growth Corp
Filing Date: 2025-07-25
Form: PRE 14A
Chunk 82
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 last trading day of Fiscal 2025) on the Nasdaq Global Select Market, which was US$0.91 or on the TSX, which was C$1.33. Awards granted prior to Fiscal 2025 were issued in C$; therefore, these values can be converted into US$ utilizing the Fiscal 2025 average exchange rate of C$1.00 to US$0.6951, as set forth above under “Executive Compensation – Currency Conversion.” (3) These Options will vest on the first, second and third anniversaries of the date of grant, subject to meeting the following conditions: (a) 33.5% of the Options will vest only if during any 90-day period during the term of the Klein Inducement Grant, the average closing Share price on the TSX has appreciated by a minimum of 50% from the date of grant; (b) 33.5% of the Options will vest only if as at the end of any fiscal year during the term of the Klein Inducement Grant, audited annual revenue of C$2.5 billion (or approximately US$2.0 billion) is achieved by the Company for such fiscal year, as confirmed by the auditors of the Company; and (c) 33% of the Options will vest only if as at the end of any fiscal year during the term of the Klein Inducement Grant, a C$100 million (or approximately US$80 million) CAET is achieved by the Company for such fiscal year, as confirmed by the auditors of the Company. Option Exercises and Stock Vested in Fiscal 2025 The following table presents information concerning Option exercises and Shares acquired upon vesting of RSU awards by each of our NEOs in Fiscal 2025:

| ​ | ​                 | ​ | ​ | Option awards                           |   |   |   |   |   |                                 |   |   |   | ​ | ​ |                           Stock awards |   |   |                                | ​ |
| ​ | Name              | ​ | ​ | Number of sharesacquired on exercise(#) |   |   |   | ​ | ​ | Value realizedon exercise($)(1) |   |   |   | ​ | ​ | Number of sharesacquired on vesting(#) | ​ | ​ | Value realizedon vesting($)(2) | ​ |
| ​ | Luc Mongeau(3)    | ​ | ​ | ​                                       | ​ | - |