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Share-Based Compensation (Tables) | 3 Months Ended
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Jun. 30, 2026
Share-Based Payment Arrangement [Abstract] |
Summary of Changes in Options Outstanding | The following is a summary of the changes in the Options outstanding during the three months ended June 30, 2026:
|  | Options issued |  |  | Weighted average exercise price |
Balance outstanding at March 31, 2026 1 |  |  | 2,743,855 |  |  | $ | 4.19 |
Options granted |  |  | 2,839,962 |  |  |  | 1.41 |
Options expired/forfeited |  |  | (173,381 | ) |  |  | 3.64 |
Balance outstanding at June 30, 2026 1 |  |  | 5,410,436 |  |  | $ | 2.77 |
(1) Included is 70,515 replacement compensation options (“Replacement Compensation Options”) that were issued by the Company in connection with its acquisition of MTL Cannabis Corp. on March 16, 2026, with an exercise price of $1.59 per compensation option. Each compensation option is exercisable for one Canopy Share and one half of one Canopy Growth warrant. Each whole Canopy Growth warrant is exercisable to acquire one Canopy Share until September 19, 2028 at an exercise price of $2.61 per Canopy Share. |
Summary of Options Outstanding | The following is a summary of the Options outstanding as at June 30, 2026:
|  | Options Outstanding |  |  | Options Exercisable |
|  |  |  |  | Weighted Average |  |  |  |  |  | Weighted Average |
|  |  |  |  | Remaining |  |  |  |  |  | Remaining |
|  | Outstanding at |  |  | Contractual Life |  |  | Exercisable at |  |  | Contractual Life |
Range of Exercise Prices |  | June 30, 2026 |  |  | (years) |  |  | June 30, 2026 |  |  | (years) |
$1.41 - $2.50 |  |  | 4,778,597 |  |  |  | 5.42 |  |  |  | 715,716 |  |  |  | 3.97 |
$2.51 - $10.00 |  |  | 479,617 |  |  |  | 3.50 |  |  |  | 327,929 |  |  |  | 2.98 |
$10.01 - $308.70 |  |  | 152,222 |  |  |  | 2.95 |  |  |  | 123,111 |  |  |  | 2.71 |
|  |  | 5,410,436 |  |  |  | 5.18 |  |  |  | 1,166,756 |  |  |  | 3.56 |
Summary of Assumptions Applied to Establish Fair Value of Options Granted Using Black-Scholes Option Pricing Model | The Company uses the Black-Scholes option pricing model to establish the fair value of Options granted during the three months ended June 30, 2026 and 2025, on their measurement date by applying the following assumptions:
|  | June 30, |  | June 30,
|  | 2026 |  | 2025
Risk-free interest rate |  | 2.98% |  | 2.73%
Expected life of options (years) |  | 3 - 5 |  | 3 - 5
Expected volatility |  | 123% |  | 121%
Expected forfeiture rate |  | 31% |  | 18%
Expected dividend yield |  | nil |  | nil
Black-Scholes value of each Option |  | $1.12 |  | $1.57
Summary of Changes in RSUs and PSUs | The following is a summary of the changes in the Company’s RSUs and PSUs during the three months ended June 30, 2026:
|  | Number of RSUs and PSUs |
Balance outstanding at March 31, 2026 |  |  | 2,922,618 |
RSUs and PSUs granted |  |  | 7,077,095 |
RSUs released |  |  | (953,717 | )
RSUs cancelled and forfeited |  |  | (212,669 | )
Balance outstanding at June 30, 2026 |  |  | 8,833,327 |

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