Canopy Growth shareholders approve board proposals at annual meeting

Canopy Growth Corporation (NASDAQ:CGC) held its reconvened 2026 Annual General and Special Meeting of Shareholders on Thursday. According to a press release statement based on a recent SEC filing, shareholders voted on seven proposals.

All five director nominees—David Lazzarato, Theresa Yanofsky, Luc Mongeau, Shan Atkins, and Joseph Bayern—were elected to the board. Each nominee received between approximately 76 million and 80 million votes in favor, with votes against ranging from about 9.6 million to 13.5 million. There were over 65 million broker non-votes for each nominee.

Shareholders approved the appointment of MNP LLP as the company’s auditor for the fiscal year ending March 31, 2027, with 130,265,593 votes in favor and 8,253,188 votes withheld.

A special resolution to allow the board to consolidate Canopy Growth’s shares within a range of one post-consolidation share for every five to fifteen pre-consolidation shares was also approved. The proposal received 121,567,723 votes for, 28,460,796 against, and 4,809,378 abstentions.

Shareholders ratified By-Law No. 2, establishing advance notice requirements for director nominations at shareholder meetings. This proposal passed with 77,552,719 votes in favor, 8,117,831 against, and 3,888,825 abstentions.

The renewal of the company’s Omnibus Incentive Plan was approved, with 73,600,900 votes for, 11,848,575 against, and 4,109,898 abstentions.

An advisory, non-binding vote on executive compensation passed with 72,046,152 votes in favor, 13,265,855 against, and 4,247,368 abstentions.

On the frequency of future advisory votes on executive compensation, shareholders indicated a preference for an annual vote, with 80,098,423 votes for “1 Year,” 1,726,567 for “2 Years,” and 2,972,628 for “3 Years.” There were 4,761,755 abstentions.

The company stated it intends to continue holding an annual advisory vote on executive compensation until the next required frequency vote, expected in 2032.

The information in this article is based on a press release statement and a filing with the Securities and Exchange Commission.