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Shareholders of Canopy Growth Corp (NASDAQ:CGC) approved all proposals put forward at the company’s annual general and special meeting, which was reconvened Friday. The information is based on a statement from the company’s recent SEC filing.
According to the filing, 79,971,625 common shares were represented at the meeting, out of 239,849,225 shares eligible to vote as of the record date.
Five directors—David Lazzarato, Theresa Yanofsky, Luc Mongeau, Shan Atkins, and Joe Bayern—were elected to serve until the next annual meeting or until successors are appointed. Each nominee received between 35.1 million and 35.9 million votes in favor, with votes against ranging from 2.7 million to 3.5 million.
Shareholders also approved the appointment of PKF O’Connor Davies, LLP as auditor for the fiscal year ending March 31, 2026, with 75,518,055 votes in favor and 4,453,570 votes withheld.
A special resolution to consolidate the company’s shares was passed. The approved measure authorizes the board to determine, at its discretion, a consolidation ratio between one post-consolidation share for every five to fifteen pre-consolidation shares at any time before September 26, 2026. The proposal received 62,742,664 votes in favor, 16,557,315 against, and 671,647 abstentions.
Additionally, shareholders gave advisory approval to the compensation of named executive officers, with 31,703,479 votes for, 5,776,826 against, and 1,157,744 abstentions.
All results are detailed in the company’s Form 8-K filed with the Securities and Exchange Commission.
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