Form 8-K

8-K — Canopy Growth Corp

Accession: 0001104659-26-066964

Filed: 2026-05-27

Period: 2026-05-26

CIK: 0001737927

SIC: 2833 (MEDICINAL CHEMICALS & BOTANICAL PRODUCTS)

Item: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

Item: Financial Statements and Exhibits

Documents

8-K — tm2615778d1_8k.htm (Primary)

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):

May 26, 2026

Canopy Growth Corporation

(Exact name of registrant as specified in its

charter)

Canada

001-38496

N/A

(State

or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS

Employer

Identification No.)

1 Hershey Drive

Smiths Falls, Ontario

K7A

0A8

(Address of principal executive offices)

(Zip Code)

(855) 558-9333

(Registrant’s telephone number, including

area code)

Not Applicable

(Former name or former address, if changed since

last report)

Check the appropriate box below if the Form 8-K filing is intended

to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange

on which registered

Common

Shares, no par value

CGC

The Nasdaq

Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth

company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities

Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate

by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial

accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

On May 26, 2026, the Board of Directors (the

“Board”) of Canopy Growth Corporation (the “Company”) approved By-Law No. 2 Advance Notice By-Law (the “Advance

Notice By-Law”), which is an amendment to its current bylaws. The Advance Notice By-Law became effective upon its approval by the

Board. However, pursuant to Section 103 of the Canada Business Corporations Act (the “CBCA”), the Board

must submit the Advance Notice By-Law to the shareholders of the Company (the “Shareholders”) at the next meeting of Shareholders

(the “Shareholders Meeting”). At the Shareholders Meeting, Shareholders may, by ordinary resolution, confirm, reject or amend

the Advance Notice By-Law. If the Advance Notice By-Law is confirmed or confirmed, as amended, by the Shareholders at the Shareholders

Meeting, the Advance Notice By-Law will continue in effect in the form in which it was so confirmed. If the Advance Notice By-Law is rejected

by Shareholders at the Shareholders Meeting, the Advance Notice By-Law will cease to be effective from the date of such rejection, and

no subsequent resolution of the Board to make, amend or repeal a by-law of the Company having substantially the same purpose or effect

may be effective until it is confirmed by the Shareholders. The Company expects to submit the Advance Notice By-Law to Shareholders at

its next annual general meeting of Shareholders, which is expected to take place in September 2026.

The Advance Notice By-Law establishes a formal

framework governing how Shareholders may nominate directors for election at annual or special meetings of Shareholders. Its purpose is

to ensure an orderly, transparent nomination process by setting clear deadlines and detailed disclosure requirements. Subject to the CBCA,

applicable securities laws and the articles of the Company, only individuals nominated in accordance with the Advance Notice By-Law are

eligible for election at a meeting of Shareholders. Pursuant to the Advance Notice By-Law, nominations may be made (i) by the Board,

(ii) by or at the direction or request of one or more Shareholders pursuant to a proposal made in accordance with the provisions

of the CBCA, or a requisition of a Shareholders’ meeting by one or more of the Shareholders made in accordance with the provisions

of the CBCA, or (ii) by a Nominating Shareholder (as such term is defined in the Advance Notice By-Law) who meets ownership and procedural

requirements contained in the Advance Notice By-Law.

To nominate a nominee for

director, a Nominating Shareholder must, among other things, deliver a written notice containing specified information, as prescribed

in the Advance Notice By-Law, to the Secretary of the Company as follows:

· in the case of an annual meeting of Shareholders,

subject to limited exceptions, no later than the 90th day before the first anniversary of the previous year’s annual

meeting of Shareholders; provided, however, if the date of the annual meeting of Shareholders is advanced more than 30 days prior to or

delayed by more than 30 days after the anniversary of the preceding year’s annual meeting of Shareholders, notice by the Shareholder

to be timely must be so received not later than the close of business on the later of the 90th day prior to such annual meeting of Shareholders

or, if later than the 90th day prior to such annual meeting of Shareholders, the 10th day following the day on which

public announcement of the date of such meeting of Shareholders is first made; and

· in the case of a special meeting of Shareholders

called to elect directors, no later than the later of the 90th day prior to such special meeting of Shareholders or the 10th

day after the public announcement of the date of such special meeting of Shareholders.

Under the Advance Notice By-Law, adjournments

or postponements of an annual or special meeting of Shareholders do not restart or extend the notice period referred to above.

A valid notice must include

extensive information about both the proposed nominee and the Nominating Shareholder, including, among other things, all the information

that would be required to be disclosed in a dissident’s proxy statement or other filings required to be made in connection with

solicitations of proxies for election of directors pursuant to the CBCA, the U.S. Securities Exchange Act of 1934, as amended, or any

applicable securities laws.

Shareholders must update their

notice after the record date for the applicable meeting of Shareholders and again shortly before the meeting of Shareholders to ensure

all information remains accurate. The Board retains discretion to waive any requirement of the Advance Notice By-Law.

The foregoing description

of the Advance Notice By-Law is qualified in its entirety by reference to the Advance Notice By-Law, which is attached hereto as Exhibit 3.1

and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.

Description

3.1

By-Law No. 2 Advance Notice By-Law

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934,

the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CANOPY GROWTH CORPORATION

By:

/s/ Thomas Stewart

Thomas Stewart

Chief Financial Officer

Date: May 27, 2026

EX-3.1 — EXHIBIT 3.1

EX-3.1

Filename: tm2615778d1_ex3-1.htm · Sequence: 2

Exhibit 3.1

BY-LAW NO. 2

ADVANCE NOTICE BY-LAW

A by-law relating generally to the advance notice

requirements for the nomination of directors of CANOPY GROWTH CORPORATION (the “Corporation”) is hereby

made as follows:

I.              Preamble

The purpose of this advance notice by-law (the

“Advance Notice By-Law”) is to establish the conditions and framework under which holders of voting securities of the

Corporation may exercise their right to submit director nominations by fixing a deadline by which such nominations must be submitted by

a shareholder of the Corporation prior to any annual or special meeting of shareholders, and sets forth the information that a shareholder

must include in the notice to the Corporation for the notice to be in proper form.

It is the belief of the Corporation and its Board

that this Advance Notice By-Law is beneficial to shareholders and other stakeholders and in the best interests of the Corporation. This

Advance Notice By-Law will be subject to periodic review by the Corporation and, subject to the Act, will be revised to reflect any mandatory

changes as required pursuant to applicable securities regulatory or stock exchange requirements and, at the discretion of the Board, amendments

necessary to meet evolving industry standards and corporate practices.

II.            Advance

Notice of Nominations of Directors

1. Nomination Procedures. Subject only to the Act, applicable securities laws and the articles of

the Corporation, only persons who are nominated in accordance with the procedures set out in this Section 1 shall be eligible for

election as directors to the Board. Nominations of persons for election to the Board may only be made at an annual meeting of shareholders,

or at a special meeting of shareholders called for any purpose at which the election of directors is a matter specified in the notice

of meeting, as follows:

(a) by or at the direction of the Board, including pursuant to a notice of meeting;

(b) by or at the direction or request of one or more shareholders pursuant to a proposal made in accordance

with the provisions of the Act, or a requisition of a shareholders’ meeting by one or more of the shareholders made in accordance

with the provisions of the Act; or

(i) at the close of business on the date of the giving of the notice provided for in Section 3 and on

the record date for notice of such meeting, is entered in the securities register of the Corporation as a holder of one or more shares

carrying the right to vote at such meeting or who beneficially owns shares that are entitled to be voted at such meeting and provides

evidence of such beneficial ownership to the Corporation;

(ii) complies with the notice procedures set forth below in this Advance Notice By-Law; and

(iii) complies with Rule 14a-19.

2. Exclusive Means of Nominations. For the avoidance of doubt, the procedures set forth in this Advance

Notice By-Law shall be the exclusive means for any person to bring nominations for election to the Board before any annual or special

meeting of shareholders of the Corporation.

3. Timely Notice. In addition to any other applicable requirements, for a nomination to be validly

made by a Nominating Shareholder, the Nominating Shareholder must deliver written notice compliant with Section 4 to the Secretary

at the principal executive offices of the Corporation on a timely basis as set forth in Section 3(a) or Section 3(b), as

applicable, and must update and supplement such written notice on a timely basis as set forth in Section 5:

(a) In the case of an annual meeting (including an annual and special meeting), to be timely, the written

notice required by this Section 3 must be received by the Secretary at the principal executive offices of the Corporation not later

than the close of business on the ninetieth (90th) day prior to the first anniversary of the preceding year’s annual meeting; provided,

however, that, subject to the last sentence of this Section 3, in the event that the date of the annual meeting is advanced more

than thirty (30) days prior to or delayed by more than thirty (30) days after the anniversary of the preceding year’s annual meeting,

notice by the shareholder to be timely must be so received not later than the close of business on the later of the ninetieth (90th) day

prior to such annual meeting or, if later than the ninetieth (90th) day prior to such annual meeting, the tenth (10th) day following the

day on which public announcement of the date of such meeting is first made. Notwithstanding anything herein to the contrary, in the event

that the number of directors to be elected to the Board at the annual meeting is increased effective after the time period for which nominations

would otherwise be due under this Section 3(a) and there is no public announcement by the Corporation naming the nominees for

the additional directorships at least one hundred (100) days prior to the first anniversary of the preceding year’s annual meeting,

a shareholder’s notice required by this Section 3 shall also be considered timely, but only with respect to nominees for the

additional directorships, if it shall be received by the Secretary at the principal executive offices of the Corporation not later than

the close of business on the tenth (10th) day following the day on which such public announcement is first made by the Corporation.

(b) In the case of a special meeting (which is not also an annual meeting) of shareholders called for the

purpose of electing directors (whether or not also called for the purpose of conducting other business), to be timely, the written notice

required by this Section 3 must be received by the Secretary at the principal executive offices of the Corporation not later than

the close of business on the later of the ninetieth (90th) day prior to such special meeting or the tenth (10th) day following the day

on which the Corporation first makes a public announcement of the date of the special meeting at which directors are to be elected.

In no event shall an adjournment or

a postponement of an annual meeting (or a special meeting at which directors are to be elected) for which notice has been given, or the

public announcement thereof has been made, commence a new time period (or extend any time period) for the giving of a shareholder’s

notice as described above.

4. Proper Form of Notice. To be in proper form, a Nominating Shareholder’s notice must

be in writing and must set forth or be accompanied by, as applicable:

(a) as to each person whom the Nominating Shareholder proposes to nominate for election as director (a “Proposed

Nominee”):

(i) the name, age, and province or state, and country of residence of the Proposed Nominee;

(ii) the principal occupation, business or employment of the Proposed Nominee, both at present and for the

five years preceding the notice;

(iii) whether the Proposed Nominee is a resident Canadian within the meaning of the Act;

(iv) the number of securities of each class or series of the Corporation or any of its subsidiaries beneficially

owned, or controlled or directed, directly or indirectly, by the Proposed Nominee, as of the record date for the meeting of shareholders

(if such date shall then have been made publicly available and shall have occurred) and as of the date of such notice;

(v) a description of any relationship, agreement, arrangement or understanding, including financial compensation

and indemnity-related relationships, agreements, arrangements or understanding, between the Nominating Shareholder and the Proposed Nominee,

or any affiliates or associates thereof, or any person or entity acting jointly or in concert with, the Nominating Shareholder or the

Proposed Nominee with respect to the Proposed Nominee’s nomination and election as a director;

(vi) whether the Proposed Nominee is party to any existing or proposed relationship, agreement, arrangement

or understanding with any competitor of the Corporation or any other third party which would reasonably be expected to give rise to a

real or perceived conflict of interest between the interests of the Corporation and the interests of the Proposed Nominee; and

(vii) any other information relating to the Proposed Nominee that would be required to be disclosed in a dissident’s

proxy statement or other filings required to be made in connection with solicitations of proxies for election of directors pursuant to

the Act, the U.S. Exchange Act or any other applicable securities laws;

(b) as to the Nominating Shareholder:

(i) the name, age, and province or state, and country of residence of the Nominating Shareholder;

(ii) the number of securities of each class or series of the Corporation or any of its subsidiaries beneficially

owned, or controlled or directed, directly or indirectly, by such Nominating Shareholder or any other person with whom such Nominating

Shareholder is acting jointly or in concert with respect to the Corporation or any of its securities, as of the record date for the meeting

(if such date shall then have been made publicly available and shall have occurred) and as of the date of such notice;

(iii) any derivatives or other economic or voting interests in the Corporation and any hedges implemented with

respect to the Nominating Shareholder’s interests in the Corporation;

(iv) full particulars regarding any proxy, contract, arrangement, agreement, understanding or relationship

pursuant to which such Nominating Shareholder or any associate or affiliate thereof has a right to vote or to direct or to control the

voting of any shares of the Corporation; and

(v) any other information relating to such Nominating Shareholder that would be required to be disclosed in

a dissident’s proxy statement or other filings required to be made in connection with solicitations of proxies for election of directors

pursuant to the Act, the U.S. Exchange Act or any applicable securities laws.

The notice required by this Section 4

must also be accompanied by (X) a completed and executed written director nominee questionnaire in the form to be provided by the

Secretary (which shall be consistent with the form completed by nominees of the Corporation) upon written request of any shareholder within

10 days of delivery of such request to the Secretary of the Corporation at the Corporation’s principal executive offices) such request,

with respect to the background, qualifications, stock ownership and independence of the Proposed Nominee, and such additional information

with respect to such Proposed Nominee as would be required to be provided by the Corporation pursuant to Schedule 14A promulgated under

the U.S. Exchange Act if the Proposed Nominee were a participant in the solicitation of proxies by the Company in connection with such

annual or special meeting and (Y) a written representation and agreement (in form provided by the Corporation) that such nominee

(i) if elected as director of the Corporation, intends to serve the entire term until the next meeting at which such nominee would

face re-election and (ii) consents to being named as a nominee in the Corporation’s proxy statement pursuant to Rule 14a-4(d) under

the U.S. Exchange Act and any associated proxy card of the Corporation and agrees to serve if elected as a director.

References to “Nominating Shareholder”

in this Section shall be deemed to refer to each shareholder that nominates or seeks to nominate a person for election as director

in the case of a nomination proposal where more than one shareholder is involved in making such nomination proposal.

5. Updating of Notice. A shareholder providing the written notice required by Section 3 shall

update and supplement such notice in writing, if necessary, so that the information provided or required to be provided in such notice

is true and correct in all material respects as of (i) the record date for the meeting and (ii) the date that is five (5) Business

Days prior to the meeting and, in the event of any adjournment or postponement thereof, five (5) Business Days prior to such adjourned

or postponed meeting. In the case of an update and supplement pursuant to clause (i) of this Section 5, such update and supplement

shall be received by the Secretary at the principal executive offices of the corporation not later than five (5) Business Days after

the record date for the meeting. In the case of an update and supplement pursuant to clause (ii) of this Section 5, such update

and supplement shall be received by the Secretary at the principal executive offices of the Corporation not later than two (2) Business

Days prior to the date for the meeting, and, in the event of any adjournment or postponement thereof, two (2) Business Days prior

to such adjourned or postponed meeting.

6. Power of the Chair. The chair of the meeting shall have the power and duty to determine whether

a nomination was made in accordance with the procedures set forth in this Advance Notice By-Law and, if any proposed nomination is not

in compliance with this Advance Notice By-Law, must declare, as soon as practicable following receipt of such nomination and prior to

the meeting, whether such defective nomination shall be disregarded.

7. Board Discretion. Notwithstanding the foregoing, the Board may, in its sole discretion, waive any

requirement in this Advance Notice By-Law.

8. Definitions. For purposes of this Advance Notice By-Law:

(a) “Act” means the Canada Business Corporations Act, or any statute that may be

substituted therefor, as from time to time amended;

(b) “affiliate” has the meaning given to that term in the Act;

(d) “Business Day” means a day on which banks are open for business in the City of Toronto,

Ontario Canada and New York City, New York in the United States, other than a Saturday, Sunday or statutory holiday;

(e) “close of business” means 5:00 p.m. (Toronto time) on a Business Day;

(f) “person” means a natural person, partnership, limited partnership, limited liability

partnership, company, limited liability company, unlimited liability company, joint stock company, trust, unincorporated association,

joint venture or other entity or governmental entity, and pronouns have a similarly extended meaning; and

(g) “public announcement” shall mean disclosure (i) in a press release reported by

a national news service in Canada and the United States, (ii) (a) in a document publicly filed by the Corporation or its transfer

agent and registrar under the Corporation’s profile on the System for Electronic Document Analysis and Retrieval + at www.sedarplus.ca,

or any system that is a replacement or successor thereto and (b) in a document publicly filed by the Corporation with the U.S. Securities

and Exchange Commission on EDGAR (or any system that is a replacement or successor thereto) pursuant to Section 13, 14 or 15(d) of

the U.S. Exchange Act or (iii) by such other means reasonably designed to inform the public or security holders in general of such

information; and

(h) “Rule 14a-19” shall mean Rule 14a-19 promulgated under the U.S. Securities

Exchange Act of 1934, as amended.

(i) “Secretary” shall mean the Secretary of the Corporation.

(j) “U.S. Exchange Act” shall mean the U.S. Securities Exchange Act of 1934, as amended

and the rules and regulations promulgated thereunder.

III            Effective

Date

Subject to the confirmation by the shareholders

in accordance with the Act, this Advance Notice By-Law will come into force on the date approved by the Board.

* * *

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Title of a 12(b) registered security.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

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Name of the Exchange on which a security is registered.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

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Trading symbol of an instrument as listed on an exchange.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

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