Company: CGC
Filing Date: 2025-08-07
Form Type: DEF 14A
Source: 0001104659-25-075215
Chunk: 61

Company: Canopy Growth Corp
Filing Date: 2025-08-07
Form: DEF 14A
Chunk 61
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, the Company achieved 17.6% of the Revenue target and 29.3% of the Adjusted EBITDA target, which were impacted by broader industry headwinds and continued market volatility. Despite these financial challenges, the Company delivered on key corporate priorities. The corporate objectives established and certified by the CGCN Committee as having been achieved at a superior level which included cash management, new product development, and sourcing of product internationally. These priorities were designed to drive long-term sustainability and align operations with the Company’s strategic plan. The executive teams’ performance in these areas was critical to maintaining operational discipline, fostering innovation, and positioning the Company for future growth. Although the financial metrics fell below target, the approved STIP payout reflects a balanced view of performance across all metrics, recognizes the executive team’s strategic contributions during a complex fiscal year, and supports ongoing talent retention and alignment with shareholder interests.

| ​ | ​ | Fiscal 2025                                                                           | ​ | ​ | ​ | CanopyGrowthAdjustedEBITDA(1) | ​ | ​ | ​ | CanopyGrowthRevenue | ​ | ​ | ​ | OtherCorporateObjectives | ​ | ​ | ​ | Total | ​ | ​ |
| ​ | ​ | Objective Weighting                                                                   | ​ | ​ | ​ | 45%                           | ​ | ​ | ​ | 25%                 | ​ | ​ | ​ | 30%                      | ​ | ​ | ​ | 100%  | ​ | ​ |
| ​ | ​ | Achievement Against Applicable Metric Based on Adjusted Financial Performance Metrics | ​ | ​ | ​ | 29.3%                         | ​ | ​ | ​ | 17.6%               | ​ | ​ | ​ | 200%                     | ​ | ​ | ​ | –     | ​ | ​ |
| ​ | ​ | Weight X Achievement                                                                  | ​ | ​ | ​ | 13.2%                         | ​ | ​ | ​ | 4.4%                | ​ | ​ | ​ | 60%                      | ​ | ​ | ​ | 77.6% | ​ | ​ |

(1) Adjusted EBITDA is calculated as the reported net loss, adjusted to exclude income tax recovery (expense); other income (expense), net; loss on equity method investments; share-based compensation expense; depreciation and amortization expense; asset impairment and restructuring costs; and charges related to the flow-through of inventory step-up on business combinations, and further adjusted to remove acquisition-related costs