Shareholders now have until September 24, 2024 at 9:00
a.m. (Eastern Time) to submit votes to help ensure a quorum
is achieved
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. 20, 2024 /CNW/ - Canopy Growth
Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NASDAQ:
CGC) announced today that it has extended the deadline for the
submission of proxies related to its upcoming annual general
meeting of shareholders (the "Meeting") to September 24, 2024 at 9:00
a.m. (Eastern time). The Meeting will be held later the same
day, at 1:00 p.m. (Eastern Time) via
live webcast at www.virtualshareholdermeeting.com/WEED2024.
The deadline is being extended to allow holders (the
"Shareholders") of Canopy Growth common shares (the "Shares") more
time to vote and to ensure a quorum is present at the Meeting.
As a requirement of the Company's NASDAQ listing, 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.
If quorum is not present at the Meeting, the Meeting will
need to be adjourned.
"Given that we are so close to achieving a quorum for the
Meeting, we are extending the proxy cut-off to give more
Shareholders the opportunity to vote and help ensure we can
transact business at the Meeting without delay," said David Klein, Chief Executive Officer of the
Company. "To my fellow Shareholders who have not yet voted, I
encourage you to join me and thousands of other Shareholders in
working together to achieve this important outcome."
Your Vote is Important!
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.
Every Shareholder has the power to help, and
fortunately voting is both quick and easy!
Canopy Growth has retained Laurel Hill Advisory Group ("Laurel
Hill") as our proxy solicitor to answer questions and help
Shareholders vote their 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.
Canopy Growth has also retained Alliance Advisors LLC
("Alliance Advisors") as a proxy solicitor to answer questions and
help Shareholders vote their Shares. For many Shareholders, you can
vote over the phone by calling Alliance Advisors toll-free at:
1–855-643-7453 and 1-551-210-9931 for collect calls outside North
America. The Alliance Advisors hours of operation are:
9:00 a.m. to 10:00 p.m. Monday through
Friday and 10:00 a.m. to 6:00
p.m. - Saturday and Sunday (All times Eastern). Shareholders
with questions about the Meeting or voting their Shares can also
contact Alliance Advisors at the above phone numbers, or by email
at cgc@allianceadvisors.com.
In addition, you can independently vote by following the below
instructions.
For the majority of Shareholders, voting will be facilitated by
Broadridge Financial Solutions ("Broadridge"). These Shareholders
will 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 enclosed prepaid envelope
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.
Meeting Details
Greater details and rationale for each of the proposals can be
found in Canopy Growth's Proxy Statement that was mailed or made
available 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 revised proxy voting deadline is
9:00 a.m. (Eastern time) on
September 24, 2024
Shareholder Questions
If you have questions or need more information about the
Meeting, please contact Canopy Growth's proxy solicitation
agents:
- Laurel Hill 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; and
- Alliance Advisors by telephone at 1–855-643-7453 toll-free and
1-551-210-9931 for collect calls outside North America or by email
at cgc@allianceadvisors.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 ("Wana"), being Wana Wellness, LLC and The
CIMA Group, LLC, with the full
acquisition of Wana 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 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.
Forward-Looking Statements
This news release contains "forward-looking statements" within
the meaning of the United States Private Securities Litigation
Reform Act of 1995 and "forward-looking information" within the
meaning of applicable Canadian securities legislation. Often, but
not always, forward-looking statements and information can be
identified by the use of words such as "plans", "expects" or "does
not expect", "is expected", "estimates", "intends", "anticipates"
or "does not anticipate", or "believes", or variations of such
words and phrases or state that certain actions, events or results
"may", "could", "would", "might" or "will" be taken, occur or be
achieved. Forward-looking statements or information involve known
and unknown risks, uncertainties and other factors which may cause
the actual results, performance or achievements of the Company or
its subsidiaries to be materially different from any future
results, performance or achievements expressed or implied by the
forward-looking statements or information contained in this news
release. Examples of such statements and uncertainties include
statements with respect to the Meeting being adjourned in the event
that quorum is not present at the Meeting; and the timing of
closing of Canopy USA's
acquisition of Mountain High Products, LLC, including the receipt
of all regulatory approvals.
Risks, uncertainties and other factors involved with
forward-looking information or statements could cause actual
events, results, performance, prospects and opportunities to differ
materially from those expressed or implied by such forward-looking
information, including negative operating cash flow; uncertainty of
additional financing; use of proceeds; volatility in the price of
the Shares; expectations regarding future investment, growth and
expansion of operations; regulatory and licensing risks; changes in
general economic, business and political conditions, including
changes in the financial and stock markets and the impacts of
increased rates of inflation; legal and regulatory risks inherent
in the cannabis industry, including the global regulatory landscape
and enforcement related to cannabis; additional dilution; political
risks and risks relating to regulatory change; risks relating to
anti-money laundering laws; compliance with extensive government
regulation and the interpretation of various laws regulations and
policies; public opinion and perception of the cannabis industry;
and such other risks contained in the public filings of the Company
filed with Canadian securities regulators and available under the
Company's profile on SEDAR+ at www.sedarplus.ca and with the
Securities and Exchange Commission through EDGAR at
www.sec.gov/edgar, including under the heading "Risk Factors" in
the Company's annual report on Form 10-K for the year ended
March 31, 2024, and its subsequently
filed quarterly reports on Form 10-Q.
In respect of the forward-looking statements and information,
the Company has provided such statements and information in
reliance on certain assumptions that they believe are reasonable at
this time. Although the Company believes that the assumptions and
factors used in preparing the forward-looking information or
forward-looking statements in this news release are reasonable,
undue reliance should not be placed on such information or
statements and no assurance can be given that such events will
occur in the disclosed time frames or at all. Should one or more of
the foregoing risks or uncertainties materialize, or should
assumptions underlying the forward-looking information or
statements prove incorrect, actual results may vary materially from
those described herein as intended, planned, anticipated, believed,
estimated or expected. Although the Company has attempted to
identify important risks, uncertainties and factors which could
cause actual results to differ materially, there may be others that
cause results not to be as anticipated, estimated or intended. The
forward-looking information and forward-looking statements included
in this news release are made as of the date of this news release
and the Company does not undertake any obligation to publicly
update such forward-looking information or forward-looking
statements to reflect new information, subsequent events or
otherwise unless required by applicable securities laws.
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SOURCE Canopy Growth Corporation