Canopy Growth reschedules annual meeting due to lack of quorum

SMITHS FALLS, Ontario - Canopy Growth Corporation (TSX:WEED) (NASDAQ:CGC), currently trading at $1.34 and showing high price volatility according to InvestingPro data, announced the adjournment of its annual general and special meeting of shareholders originally scheduled for Friday due to insufficient quorum. The meeting has been rescheduled for October 10 at 1:00 PM ET.

The cannabis company, which has posted a notable 28.86% price return over the past six months despite challenging market conditions, said the virtual meeting was convened as planned but immediately adjourned to allow shareholders additional time to cast their votes. Shareholders of record as of August 1, 2025, now have until October 8 to submit their proxies. InvestingPro subscribers can access additional insights and 7 more key tips about Canopy Growth’s performance.

As a NASDAQ-listed company, Canopy Growth requires participation from holders of at least 33 1/3% of outstanding shares to conduct official business at the meeting.

"Shareholders who have already voted do not need to recast their votes. Proxies previously submitted will be voted at the adjourned meeting unless properly revoked," the company stated in a press release.

Canopy Growth has engaged Laurel Hill Advisory Group to assist shareholders with the voting process. Shareholders can vote online, by phone, or through their brokers depending on where their shares are held.

The company’s proxy statement containing the proposals to be voted on was distributed to shareholders on August 7 and remains available on Canopy Growth’s website and regulatory filing systems.

Canopy Growth operates primarily in Canada, Europe, and Australia, offering cannabis products under brands including Tweed and 7ACRES. With a market capitalization of $419.44 million and annual revenue of $201.83 million, the company maintains an interest in the U.S. cannabis market through its non-controlling stake in Canopy USA, LLC, which holds ownership positions in several American cannabis operators.

In other recent news, Canopy Growth Corporation has appointed Tom Stewart as the Interim Chief Financial Officer. Stewart steps into the role following Judy Hong, who had been the CFO since April 2022. Canopy Growth acknowledged Hong for her contributions in enhancing the company’s capital structure and financial position. Additionally, Canopy USA, LLC announced the hiring of Eric Ruhle as the new Vice President of Brand Sales. Ruhle, a veteran in the cannabis industry with 11 years of experience, will oversee sales strategy across Canopy USA’s cannabis brand portfolio. His previous roles include leadership positions at Kiva Sales & Services, Marley Natural, dosist, and Final Bell. These appointments reflect recent developments within the company as it continues to adjust its leadership team.

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