Company: CGC
Filing Date: 2025-02-28
Form Type: 424B5
Source: 0001104659-25-019242
Chunk: 6

Company: Canopy Growth Corp
Filing Date: 2025-02-28
Form: 424B5
Chunk 6
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 Shares issuable upon the vesting of performance share units outstanding under the Omnibus Incentive Plan;

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up to 10,477,238 Common Shares available for future issuance under the Omnibus Incentive Plan, based on the Common Shares outstanding as of February 24, 2025 (the Omnibus Incentive Plan provides that the aggregate number of Common Shares reserved for issuance for awards granted under the Omnibus Incentive Plan and under all other equity plans of the Company shall not exceed 10% of the Company’s total issued and outstanding Common Shares from time to time);

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up to 13,719,885 Common Shares issuable upon exercise of common share purchase warrants (“Warrants”) with a weighted average exercise price of $7.74 (C$11.14) per Common Share;

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up to 8,239 Common Shares issuable upon the conversion of the convertible debentures due September 2025 issued by the Company’s wholly-owned subsidiary, The Supreme Cannabis Company, Inc.;

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up to 6,700,860 Common Shares issuable upon the conversion of the Company’s convertible debentures due May 2029 with a conversion price of C$14.38 per Common Share;

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up to 93,383 Common Shares issuable upon the exercise of replacement stock options of the Company issued to former securityholders of Acreage Holdings, Inc. (“Acreage”) in connection with Canopy USA, LLC’s (“Canopy USA”) acquisition of Acreage (the “Acreage Acquisition”), with a weighted average exercise price of $70.04 (C$100.78) per Common Share;

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up to 6,627 Common Shares issuable upon the vesting of replacement restricted share units of the Company issued to former securityholders of Acreage in connection with the Acreage Acquisition;

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up to 1,845,843 Common Shares issuable upon exercise of replacement Warrants issued to former securityholders of Acreage in connection with the Acreage Acquisition, with a weighted average exercise price of $7.45 (C$10.72) per Common Share; and

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69,191 Common Shares issuable in connection with Canopy USA’s acquisition of the minority interests of certain subsidiaries of Acreage.

In addition, the number of Common Shares outstanding does not reflect other future issuances of Common Shares. See “Risk Factors — Risks