Company: CGC
Filing Date: 2025-09-17
Form Type: 8-K
Source: 0001104659-25-090861
Chunk: 2

Company: Canopy Growth Corp
Filing Date: 2025-09-17
Form: 8-K
Item: Item 5.02
Chunk 2
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 Mr. Stewart signs and returns to the Company a full and final employment separation, release and waiver of liability, the Company
will provide (a) a payment or payments equal to 18 months’ base salary by way of lump sum or on salary continuance at the discretion
of the Company, provided if the Company elects to pay by lump sum, payment will be payable no later than two and a half months following
the end of the calendar year in which the termination occurs; (b) a lump sum payment equal to 150% of the average actual annual amounts
paid as a short-term annual incentive performance bonus during the prior two years, which will be payable no later than two and a half
months following the end of the calendar year in which the termination occurs; (c) any outstanding performance share units will vest at
actual performance levels for all years already certified by the Board or any responsible committee thereof; and (d) if Mr. Stewart were
to elect continuation coverage under the Company’s medical plan pursuant to COBRA, a reimbursement to Mr. Stewart for a portion
of COBRA premium payments as further described in the Employment Agreement. The Company may also terminate Mr. Stewart’s employment
with cause, without further liability to Mr. Stewart.

The Employment Agreement contains certain non-competition and non-solicitation
provisions in favor of the Company for a period of 18 months following the termination of the Employment Agreement.

The foregoing description of the Employment Agreement does not purport
to be complete and is qualified in its entirety by reference to the full text of the Employment Agreement, which is filed as Exhibit 10.1
to this Current Report on Form 8-K (this “ Report”).