Company: CGC
Filing Date: 2025-08-07
Form Type: DEF 14A
Source: 0001104659-25-075215
Chunk: 130

Company: Canopy Growth Corp
Filing Date: 2025-08-07
Form: DEF 14A
Chunk 130
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 | Share Consolidation Ratio                                                                                     | ​ | ​ | ​ | Shares Outstanding Post-Share 
              Consolidation(1) | ​ | ​ | ​ | Exchangeable Shares Outstanding 
     Post-Share Consolidation(2) | ​ | ​ |
| ​ | ​ | one post-consolidation Share and Exchangeable Share for every 5 pre-consolidation Shares/Exchangeable Shares  | ​ | ​ | ​ |                    47,969,845 | ​ | ​ | ​ |                       5,252,294 | ​ | ​ |
| ​ | ​ | one post-consolidation Share and Exchangeable Share for every 15 pre-consolidation Shares/Exchangeable Shares | ​ | ​ | ​ |                    15,989,948 | ​ | ​ | ​ |                       1,750,764 | ​ | ​ |

Notes: (1) Based on 239,849,225 issued and outstanding Shares as of the Record Date. (2) Based on 26,261,474 issued and outstanding Exchangeable Shares as of the Record Date. The Company does not expect the Share Consolidation itself to have any economic effect on holders of Shares or securities convertible into or exercisable to acquire Shares, except to the extent the Share Consolidation will result in fractional Shares. See “ No Fractional Shares ” below. The Company will not proceed with the Share Consolidation if it will affect the listing of the Shares on the TSX or the Nasdaq Global Select Market. Voting rights and other rights of the holders of Shares prior to the implementation of the Share Consolidation will not be affected by the Share Consolidation, other than as a result of the creation and disposition of fractional Shares as described below. Effect on Non-Registered Shareholders Non-registered Shareholders holding Shares through an Intermediary should be aware that the Intermediary may have different procedures for processing a consolidation than those that will be put in place by the Company for registered Shareholders. If Shareholders hold their Shares through an Intermediary and they have questions in this regard, they are encouraged to contact their Intermediary. Effect of the Share Consolidation on Convertible Securities The exercise or conversion price and/or the number of Shares issuable under any of the Company’s outstanding convertible securities, including under outstanding Options, warrants, rights, convertible debentures and any other similar securities will be proportionately adjusted upon the implementation of the Share Consolidation, in accordance with the terms of such securities, based on the Share Consolidation ratio