Shareholders are Encouraged to Vote Well in
Advance of the Proxy Deadline on September 20, 2024 at
1:00 p.m. (Eastern time)
Company Releases Q&A About Annual Meeting
Quorum
Your Vote is Important! If you need assistance
with voting your shares please contact Laurel Hill Advisory Group
at 1-877-452-7184 or by e-mail at assistance@laurelhill.com
SMITHS
FALLS, ON, Sept. 11, 2024 /CNW/ - Canopy Growth
Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NASDAQ:
CGC) today urges its shareholders to vote ahead of the upcoming
annual general meeting of shareholders (the "Meeting") on
September 24, 2024 at 1:00 pm (Eastern time). The Board of Directors of
Canopy Growth recommends shareholders vote FOR each proposal well
before the proxy voting deadline of September 20, 2024 at 1:00
p.m. (Eastern time).
In addition, the Company released the following Q&A about
the importance of its shareholders taking action and voting
now:
How does my vote at a shareholder meeting help?
By submitting your vote for an annual general meeting of
shareholders you are participating in the governance of Canopy
Growth through the election of the board of directors, appointment
of the auditors and having your say on pay practices.
Submitting your vote also helps achieve a quorum at the shareholder
meeting.
What is a quorum?
Quorum is the minimum shareholder representation required to be
present at a meeting in order to conduct business. A quorum
requirement is intended to ensure that the results of the meeting
are representative of the broader shareholder base.
What is considered a quorum for the Meeting?
A quorum at the Meeting consists of the presence, in person, by
remote communication or by proxy duly authorized, of the holders of
33 1/3% of the outstanding shares entitled to vote at the
Meeting.
Why is Canopy Growth's quorum so high? Other Companies I'm
invested in have quorums of 10% or 25%?
Canopy Growth's primary stock listing is the Nasdaq stock
exchange (the "Nasdaq"). Companies listed on the Nasdaq are
required to have a quorum at a meeting of shareholders of no less
than 33 1/3% of the outstanding common stock.
What happens if a quorum is not achieved?
If quorum is not achieved at the Meeting, the meeting will be
adjourned, and the Company expects to continue to solicit votes in
an effort to reach quorum. This will increase costs related to the
Meeting, as well as divert management time and resources away from
our key mission of unleashing the power of cannabis to improve
lives.
What can I do to help reach quorum?
Vote! Even if you haven't voted before, it's as
important as ever to cast your vote and help Canopy Growth reach
quorum for the Meeting. Canopy Growth does not have any
shareholders that hold a significant block (greater than 10%) of
its common shares and as such the participation of each shareholder
is very important to the success of our Meeting.
Every shareholder has the power to help, and
fortunately voting is both quick and easy!
We've retained Laurel Hill Advisory Group ("Laurel Hill") as our
proxy solicitor to answer questions and help shareholders vote
their Canopy Growth shares. For many shareholders, you can vote
over the phone by calling Laurel
Hill toll-free 1–877–452–7184 (1-416-304-0211 for collect
calls outside North America).
Shareholders with questions about the Meeting or voting their
shares can also contact Laurel Hill
at the above phone numbers, or by email at
assistance@laurelhill.com.
How do I vote?
In addition to voting with Laurel
Hill, you can independently vote by following the below
instructions.
For the majority of Canopy Growth shareholders, voting will be
facilitated by Broadridge Financial Solutions ("Broadridge"). These
shareholders should have received a form of proxy or voting
instruction form from Broadridge with a 16-digit control number,
which can be used to vote:
Online: http://proxyvote.com
By Phone: 1-800-474-7493
By Mail: Using the prepaid envelope that was enclosed
with your proxy or voting instruction form
Canopy Growth shareholders who hold their shares at Interactive
Brokers LLC can vote online at http://proxypush.com using the
provided control number.
Clients of Robin Hood Securities, LLC who are eligible to vote
will receive a voting notice by email from noreply@robinhood.com.
Voting is hosted by Say Technologies, with voting and materials
available directly from the email.
What if I don't own many shares?
Every vote is important! The nature of Canopy
Growth's shareholder base means many small shareholders together
have the power to get quorum over the line. Act now and just
a few short minutes of your time can help Canopy Growth achieve
this important objective.
Where can I find more information about the Meeting?
Greater details and rationale for each of the proposals can be
found in Canopy Growth's Proxy Statement that was mailed to
shareholders and filed under the Company's EDGAR and SEDAR+
profiles, and can also be found on the company's website at
https://www.canopygrowth.com/investors/investor-events/annual-general-meeting-2024.
YOUR VOTE IS IMPORTANT – PLEASE VOTE
TODAY
The proxy voting deadline is 1:00 p.m. (Eastern time) on September 20, 2024
Shareholder Questions
If you have questions or need more information about the
Meeting, please contact Canopy Growth's proxy solicitation agent,
Laurel Hill Advisory Group, by telephone at 1-877-452-7184
toll-free in Canada or
416-304-0211 for international calls or by e-mail at
assistance@laurelhill.com.
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, being Wana Wellness, LLC and The CIMA Group, LLC, with the full acquisition of
Wana expected by end of summer, 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. Canopy USA
has also exercised an option to acquire Acreage Holdings, Inc., a
vertically integrated multi-state cannabis operator with principal
operations in densely populated states across the Northeast and
Midwest.
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