Company: CGC
Filing Date: 2025-08-29
Form Type: 424B5
Source: 0001104659-25-085662
Chunk: 20

Company: Canopy Growth Corp
Filing Date: 2025-08-29
Form: 424B5
Chunk 20
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 us. A decrease of 10% per Common Share in the price at which the Common Shares are sold from the assumed offering price of $1.88 per Common Share shown in the table above, assuming all of our Common Shares in the aggregate amount of $200 million during the term of this offering are sold at that price, would result in adjusted net tangible book value per share after this offering to $1.41 per Common Share, and would dilute the net tangible book value per Common Share to new investors in this offering by $0.28 per Common Share, after deducting the Commission of 3.0% and estimated offering expenses payable by us. This information is supplied for illustrative purposes only and may differ based on the actual offering price and the actual number of Common Shares sold in the offering. The discussion and table above are based on 205,147,235 Common Shares outstanding as of June 30, 2025, and excludes the following, in each case as of June 30, 2025: • 26,261,474 of our Common Shares issuable upon conversion of the issued and outstanding Exchangeable Shares (and assumes that no additional Common Shares are converted into Exchangeable Shares during the term of this offering); • up to 5,948,728 of our Common Shares issuable upon the exercise of stock options outstanding under the Omnibus Incentive Plan at a weighted average exercise price of US$13.86 (C$18.86) per Common Share;

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up to 4,349,451 Common Shares issuable upon the vesting of restricted share units outstanding under the Omnibus Incentive Plan;

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up to 13,573 Common Shares issuable upon the vesting of performance share units outstanding under the Omnibus Incentive Plan;

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up to 20,514,724 Common Shares available for future issuance under the Omnibus Incentive Plan, based on the Common Shares outstanding as of June 30, 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 shall not exceed 10% of the Company’s total issued and outstanding Common Shares from time to time);

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up to 13,719,884 Common Shares issuable upon exercise of Warrants with a weighted average exercise price of US$7.90 (C$10.75) per Common Share;