SMITHS
FALLS, ON, Sept. 26, 2023 /CNW/ - Canopy Growth
Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (Nasdaq:
CGC), a world-leading diversified cannabis company, today announced
the voting results from its annual general and special meeting of
shareholders held on September 25,
2023 (the "Meeting").
A total of 350,593,653 common shares of the Company (the
"Shares"), representing 48.88% of the issued and outstanding
Shares, were voted in connection with the Meeting by the Company's
shareholders and proxy holders.
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 8,
2023 (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
|
Judy A.
Schmeling
|
224,726,712
|
95.43 %
|
10,771,157
|
4.57 %
|
David Klein
|
225,829,237
|
95.89 %
|
9,668,633
|
4.11 %
|
Garth
Hankinson
|
226,617,190
|
96.23 %
|
8,880,679
|
3.77 %
|
Robert L.
Hanson
|
220,966,406
|
93.83 %
|
14,531,464
|
6.17 %
|
David
Lazzarato
|
222,421,298
|
94.45 %
|
13,076,571
|
5.55 %
|
James A.
Sabia
|
224,624,301
|
95.38 %
|
10,873,569
|
4.62 %
|
Theresa
Yanofsky
|
222,643,951
|
94.54 %
|
12,853,918
|
5.46 %
|
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, 2024 and authorized the
Company's board of directors to fix their remuneration.
In addition, Canopy Growth's shareholders approved: (i) the
adoption of the Company's new equity incentive plan; (ii) the
amendment to the articles of the Company to provide, among other
things, to consolidate the Company's issued and
outstanding Shares; (iii) an advisory (non-binding) resolution
on the compensation of the Company's named executive officers; and
(iv) the issuance of Shares pursuant to certain outstanding
convertible debentures in an amount that is in excess of 19.99% and
25%, as applicable, of the number of Shares outstanding on the date
of issuance of such debentures in accordance with applicable stock
exchange rules.
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 Corporation
Canopy Growth is a leading North American cannabis and consumer
packaged goods ("CPG") 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. Canopy Growth's CPG portfolio features
targeted 24-hour skincare and wellness solutions from This Works,
gourmet wellness products by Martha Stewart CBD, and 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
its rights to Acreage Holdings Inc., a vertically integrated
multi-state cannabis operator with principal operations in densely
populated states across the Northeast, as well as Wana Brands, a leading cannabis edible brand in
North America, and Jetty Extracts,
a California-based producer of
high-quality cannabis extracts and pioneer of clean vape
technology.
Beyond our 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.
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SOURCE Canopy Growth Corporation