Canopy Growth Shareholders Approve Share Consolidation and Director Elections
Canopy Growth Corporation shareholders voted to consolidate outstanding shares and elect five directors at the company's annual meeting on October 23, 2026. The filing reports that 154,837,897 shares were represented out of 423,037,675 entitled to vote, with the record date set for July 31, 2026. The company convened the meeting on September 25, 2026, adjourned it, and reconvened on the final voting date. Seven proposals were put to a vote, all of which were approved by the shareholders. The share consolidation proposal allows the board to set a ratio between one new share for every five and fifteen old shares by September 25, 2027. The vote on this proposal received 121,567,723 votes in favor, 28,460,796 against, and 4,809,378 abstentions. The company will use the approved authority to determine the specific whole-number ratio within the specified range. MNP LLP was appointed as the independent registered public accounting firm for the fiscal year ending March 31, 2027, with 130,265,593 votes in favor and 8,253,188 withheld. Shareholders also approved an advance notice by-law requiring specific procedures for director nominations. The by-law resolution passed with 77,552,719 votes for and 8,117,831 against. The renewal of the Omnibus Incentive Plan received 73,600,900 votes for and 11,848,575 against. An advisory vote on executive compensation was approved with 72,046,152 votes for and 13,265,855 against. Shareholders indicated a preference for annual advisory compensation votes rather than biennial or triennial cycles. This preference was recorded with 80,098,423 votes for the one-year option and 1,726,567 for the two-year option. The five elected directors are David Lazzarato, Theresa Yanofsky, Luc Mongeau, Shan Atkins, and Joseph Bayern. Each nominee served until the next annual meeting or until a successor is elected. The company filed its definitive proxy statement with the Securities and Exchange Commission on August 7, 2026. Canopy Growth is incorporated in Canada and its common shares trade on the Nasdaq Global Select Market under the symbol CGC. The principal executive offices are located in Smiths Falls, Ontario.
Canopy Growth Corporation shareholders voted to consolidate outstanding shares and elect five directors at the company's annual meeting on October 23, 2026. The filing reports that 154,837,897 shares were represented out of 423,037,675 entitled to vote, with the record date set for July 31, 2026. The company convened the meeting on September 25, 2026, adjourned it, and reconvened on the final voting date. Seven proposals were put to a vote, all of which were approved by the shareholders. The share consolidation proposal allows the board to set a ratio between one new share for every five and fifteen old shares by September 25, 2027. The vote on this proposal received 121,567,723 votes in favor, 28,460,796 against, and 4,809,378 abstentions. The company will use the approved authority to determine the specific whole-number ratio within the specified range. MNP LLP was appointed as the independent registered public accounting firm for the fiscal year ending March 31, 2027, with 130,265,593 votes in favor and 8,253,188 withheld. Shareholders also approved an advance notice by-law requiring specific procedures for director nominations. The by-law resolution passed with 77,552,719 votes for and 8,117,831 against. The renewal of the Omnibus Incentive Plan received 73,600,900 votes for and 11,848,575 against. An advisory vote on executive compensation was approved with 72,046,152 votes for and 13,265,855 against. Shareholders indicated a preference for annual advisory compensation votes rather than biennial or triennial cycles. This preference was recorded with 80,098,423 votes for the one-year option and 1,726,567 for the two-year option. The five elected directors are David Lazzarato, Theresa Yanofsky, Luc Mongeau, Shan Atkins, and Joseph Bayern. Each nominee served until the next annual meeting or until a successor is elected. The company filed its definitive proxy statement with the Securities and Exchange Commission on August 7, 2026. Canopy Growth is incorporated in Canada and its common shares trade on the Nasdaq Global Select Market under the symbol CGC. The principal executive offices are located in Smiths Falls, Ontario.