Canopy Growth (WEED) Proxy filing summary

Executive summary

• Nasdaq’s Oct. 14 notice cited a closing bid below $1 for 30 consecutive business days; it has no immediate effect on Nasdaq listing or trading, and TSX compliance is unaffected.

• The 180-day compliance period ends Apr. 12, 2027; compliance requires a closing bid of at least $1 for 10 consecutive business days.

Voting matters and shareholder proposals

• The 2026 annual meeting, adjourned on Sept. 25 for lack of quorum, is scheduled to reconvene Oct. 23, 2026.

• A shareholder proposal seeks approval for a 1-for-5 to 1-for-15 share consolidation, with the board choosing the ratio in its sole discretion before Oct. 23, 2027.

Risk oversight and compliance

• If compliance is not regained, an additional 180-day period may be available following a transfer to Nasdaq Capital Market, subject to its other initial listing standards and written notice of a cure plan.

• If ineligible for, or unsuccessful during, a second period, Nasdaq may issue a delisting determination; an appeal to a hearings panel would be available.

• There is no assurance the proposal will pass, a consolidation will raise or sustain the share price, or listing compliance will be regained or maintained.