Canopy Growth Announces Results of Annual General Meeting

Rhea-AI Summary

Canopy Growth (TSX: WEED) (NASDAQ: CGC) announced the voting results from its annual general meeting held on September 24, 2024. All matters put forward for shareholder consideration were approved. The election of directors saw all nominees elected with votes FOR ranging from 87.26% to 89.23%. Shareholders also approved the appointment of PKF O'Connor Davies, LLP as auditors for the fiscal year ending March 31, 2025, and authorized the board to fix their remuneration. Additionally, an advisory resolution on executive compensation was approved. Detailed voting results will be available on SEDAR+ and EDGAR.

Positive

• All proposed matters were approved by shareholders
• High approval rates for director nominees (87.26% to 89.23%)
• Appointment of auditors approved

Negative

• None.

SMITHS FALLS, ON, Sept. 25, 2024 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NASDAQ: CGC) is pleased to announce today the voting results from its annual general meeting of shareholders held on September 24, 2024 (the "Meeting").

All of the matters put forward before the Company's shareholders for consideration and approval, as set out in the Company's definitive proxy statement dated August 1, 2024 (the "Proxy Statement"), were approved by the requisite number of votes cast at the Meeting, as further detailed below.

Each of the directors listed as a nominee in the Proxy Statement was elected at the Meeting to serve as a director of the Company until the Company's next annual shareholders meeting or until his or her successor is duly elected or appointed.

The detailed results of the vote for the election of directors held at the Meeting are set out below:

Name Of Nominee	Votes cast FOR	% Votes FOR	Votes cast AGAINST	% Votes AGAINST
David Klein	9,745,593	87.41 %	1,403,191	12.59 %
Willy Kruh	9,948,323	89.23 %	1,200,462	10.77 %
David Lazzarato	9,738,205	87.35 %	1,410,480	12.65 %
Luc Mongeau	9,909,034	88.88 %	1,239,161	11.12 %
Theresa Yanofsky	9,728,713	87.26 %	1,420,071	12.74 %

Canopy Growth's shareholders also approved the appointment of PKF O'Connor Davies, LLP as the Company's auditors and independent registered public accounting firm for the fiscal year ending March 31, 2025, and authorized the Company's board of directors or any responsible committee thereof to fix their remuneration.

In addition, Canopy Growth's shareholders approved an advisory (non-binding) resolution on the compensation of the Company's named executive officers.

For complete results on all matters voted on at the Meeting, please consult the Company's Report of Voting Results, which will be filed on the Company's SEDAR+ profile at www.sedarplus.ca, and the Company's Form 8-K which will be filed on EDGAR at www.sec.gov/edgar.

About Canopy Growth

Canopy Growth is a world leading cannabis company dedicated to unleashing the power of cannabis to improve lives.

Through an unwavering commitment to our consumers, Canopy Growth delivers innovative products with a focus on premium and mainstream cannabis brands including Doja, 7ACRES, Tweed, and Deep Space, in addition to category defining vaporizer technology made in Germany by Storz & Bickel.

Canopy Growth has also established a comprehensive ecosystem to realize the opportunities presented by the U.S. THC market through an unconsolidated, non-controlling interest in Canopy USA, LLC ("Canopy USA"). Canopy USA has closed the acquisitions of approximately 75% of the shares of Lemurian, Inc. ("Jetty") and two of three Wana entities that make up Wana Brands ("Wana"), being Wana Wellness, LLC and The CIMA Group, LLC, with the full acquisition of Wana expected to occur, subject to regulatory approval, once the acquisition of Mountain High Products, LLC is complete. Jetty owns and operates Jetty Extracts, a California-based producer of high- quality cannabis extracts and pioneer of clean vape technology, and Wana Brands is a leading North American edibles brand. The option pursuant to which Canopy USA is to acquire Acreage Holdings, Inc., a vertically integrated multi-state cannabis operator with principal operations in densely populated states across the Northeast and Midwest has also been exercised.

Beyond its world-class products, Canopy Growth is leading the industry forward through a commitment to social equity, responsible use, and community reinvestment – pioneering a future where cannabis is understood and welcomed for its potential to help achieve greater well-being and life enhancement.

For more information visit www.canopygrowth.com.

References to information included on, or accessible through, our website do not constitute incorporation by reference of the information contained at or available through our website, and you should not consider such information to be part of this press release.

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SOURCE Canopy Growth Corporation

FAQ

When was Canopy Growth's (CGC) annual general meeting held in 2024?

Canopy Growth's annual general meeting was held on September 24, 2024.

Who was elected to Canopy Growth's (CGC) board of directors in the 2024 annual meeting?

David Klein, Willy Kruh, David Lazzarato, Luc Mongeau, and Theresa Yanofsky were elected to serve as directors.

What was the voting result for Canopy Growth's (CGC) executive compensation resolution?

Shareholders approved an advisory (non-binding) resolution on the compensation of the Company's named executive officers.

Which auditing firm did Canopy Growth (CGC) shareholders approve for the fiscal year ending March 31, 2025?

Shareholders approved the appointment of PKF O'Connor Davies, LLP as the Company's auditors and independent registered public accounting firm.