Company: CGC
Filing Date: 2025-07-25
Form Type: PRE 14A
Source: 0001104659-25-070853
Chunk: 68

Company: Canopy Growth Corp
Filing Date: 2025-07-25
Form: PRE 14A
Chunk 68
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 Board adopted a standalone clawback policy that provides for the recoupment of certain executive compensation in the event of an accounting restatement resulting from material noncompliance with financial reporting requirements under U.S. federal securities laws. In Fiscal 2025, an updated version of the standalone clawback policy was adopted by the Board that included a transition period in the event the Company changes its fiscal year and clarified language regarding the method of recouping incentive-based compensation and other recoupment rights, including providing discretion to the Board on enforcement of the policy. 
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Results of Fiscal 2024 Say-On-Pay Vote Canopy Growth’s compensation program for its executive management team is designed to drive Shareholder value and to effectively attract and retain talent. Each year, we conduct a Shareholder advisory vote to approve the compensation of our NEOs as disclosed in our proxy statement for our annual meeting of shareholders (a “ say-on-pay ” vote). At our 2024 Annual General Meeting, our Shareholders approved our NEO compensation at that time, with approximately 79.45% of the votes cast voting in favor of approval. Given these results, the CGCN Committee has decided to retain our overall approach to executive compensation while continuing to evaluate our practices frequently, including in response to future say-on-pay votes. The CGCN Committee continues to monitor further stakeholder feedback, Company performance, and market developments for potential further improvements to the Company’s compensation structure for executive officers. Performance Graph The following performance graph illustrates the Company’s cumulative Shareholder return assuming reinvestment of dividends, by comparing a C$100 investment in the Shares beginning April 1, 2020 to the return on the S&P/TSX Composite Index and the Horizons Marijuana Life Sciences Index ETF.

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TABLE OF CONTENTS

| ​ | ​                                          | ​ | ​ | March 31,2020 | ​ | ​ | March 31,2021 | ​ | ​ | March 31,2022 | ​ | ​ | March 31,2023 | ​ | ​ | March 31,2024 | ​ | ​ | March 31,2025 | ​ |
| ​ | Canopy Growth Corporation                  | ​ | ​ | C$100.00      | ​ | ​ | C$214.63      | ​ | ​ | C$49.33       | ​ | ​ | C$12.65       | ​ | ​ | C$6.23