Summary by Moomoo AI
On August 19, 2024, Canopy Growth Corporation announced the signing of retention agreements with two of its top executives. Judy Hong, the Chief Financial Officer, and Christelle Gedeon, the Chief Legal Officer, have both entered into agreements with the company. According to these agreements, each executive is eligible to receive a retention bonus of $150,000, contingent upon their continued employment with the company through October 1, 2025. The agreements stipulate that if either executive resigns or is terminated for just cause before the end date, they will forfeit the bonus. However, if their employment is terminated without cause prior to the end date, they will receive the retention bonus in addition to any other termination entitlements. The details of these agreements are fully outlined in Exhibits 10.1 and 10.2 of the company's current report on Form 8-K.