Company: CGC
Filing Date: 2025-07-25
Form Type: PRE 14A
Source: 0001104659-25-070853
Chunk: 61

Company: Canopy Growth Corp
Filing Date: 2025-07-25
Form: PRE 14A
Chunk 61
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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. Adjusted EBITDA is a non-GAAP measure used by management that is not defined by U.S. GAAP and may not be comparable to similar measures presented by other companies. Fiscal 2025 STIP Payouts For Fiscal 2025, the CGCN Committee approved the following cash bonuses to the NEOs based on actual performance relative to the defined STIP objectives:

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TABLE OF CONTENTS

| ​ | ​ | Individual               | ​ | ​ | ​ | Target(% of salary) | ​ | ​ | ​ | Payout Factor(% of target) | ​ | ​ | ​ | Bonus Payout(USD)(1) | ​ | ​ |
| ​ | ​ | Luc Mongeau | CEO        | ​ | ​ | ​ | 100%                | ​ | ​ | ​ | 77.6%                      | ​ | ​ | ​ |          $122,460(2) | ​ | ​ |
| ​ | ​ | Judy Hong | Former CFO   | ​ | ​ | ​ | 75%                 | ​ | ​ | ​ | 77.6%                      | ​ | ​ | ​ |             $241,505 | ​ | ​ |
| ​ | ​ | Christelle Gedeon | CLO  | ​ | ​ | ​ | 75%                 | ​ | ​ | ​ | 77.6%                      | ​ | ​ | ​ |             $216,411 | ​ | ​ |
| ​ | ​ | David Klein | Former CEO | ​ | ​ | ​ | 125%                | ​ | ​ | ​ | 77.6%                      | ​ | ​ | ​ |             $768,082 | ​ | ​ |

(1) Fiscal 2025 STIP payments and can be converted to C$ using the average exchange rate of C$1.00 = US$0.6951, as set forth above under “Executive Compensation – Currency Conversion.”. These payments