Company: CGC
Filing Date: 2025-08-07
Form Type: DEF 14A
Source: 0001104659-25-075215
Chunk: 64

Company: Canopy Growth Corp
Filing Date: 2025-08-07
Form: DEF 14A
Chunk 64
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. Also outlined below is the assessment framework used to measure Relative TSR performance.

| ​ | ​ | Relative TSR Peers(1)    | ​ | ​ |
| ​ | ​ | Curaleaf Holdings        | ​ | ​ |
| ​ | ​ | Green Thumb Industries   | ​ | ​ |
| ​ | ​ | Tilray                   | ​ | ​ |
| ​ | ​ | Cronos Group             | ​ | ​ |
| ​ | ​ | Sundial Growers          | ​ | ​ |
| ​ | ​ | Aurora Cannabis          | ​ | ​ |
| ​ | ​ | OrganiGram Holdings      | ​ | ​ |
| ​ | ​ | Charlotte’s Web Holdings | ​ | ​ |

| ​ | ​ | Percentile vs. Relative TSR Peers            | ​ | ​ | ​ | PerformanceMultiplier(1) | ​ | ​ |
| ​ | ​ | Greater than or equal to the 75th percentile | ​ | ​ | ​ | 1.5x                     | ​ | ​ |
| ​ | ​ | 50th percentile                              | ​ | ​ | ​ | 1x                       | ​ | ​ |
| ​ | ​ | Less than or equal to the 25th percentile    | ​ | ​ | ​ | 0.5x                     | ​ | ​ |

(1) Interpolated on a linear basis in between

(1) Hexo Corporation and The Valens Company, which we formerly included among our Relative TSR Peers, have been acquired by Tilray Inc. and Sundial Growers Inc., respectively, and therefore have been removed from the Relative TSR analysis. PSU Metric Details and Certification Results PSUs were awarded to eligible NEOs during Fiscal 2023. No new PSUs were awarded during Fiscal 2024 or Fiscal 2025 and will not be part of the Fiscal 2026 LTIP. The below results reflect the achievement factor of objectives set forth within the Fiscal 2023 PSU award cycle. Based on the Company’s performance in Fiscal 2025, the CGCN Committee certified the following achievement factors: • 109% for the Fiscal 2025 Adjusted EBITDA targets set forth during the Fiscal 2023 PSU grant • 103% for the 3-year Cumulative Adjusted EBITDA target set forth during the Fiscal 2023 PSU grant • 50% for the Fiscal 2025 Total Shareholder Return target set forth during the Fiscal 2023 PSU grants • 50% for the