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.
