Hello and welcome to Canopy Growth Corporation's special meeting of shareholders. Registered shareholders and duly appointed proxy holders may ask questions in the designated field on the virtual meeting web portal. Questions may be submitted now until the close of the meeting. Questions regarding matters to be voted on will be addressed before voting is concluded. Out of consideration for others, please limit yourself to one question. Questions must be submitted in accordance with the rules of conduct which are posted in the meeting material section of the virtual meeting web portal. I will now turn the meeting over to Judy Schmeling, Chair of the Board of Directors of Canopy Growth Corporation.
Thank you. Good morning and welcome to Canopy Growth Corporation's special meeting of shareholders. I am Judy Schmeling, Chair of the Board of Directors of Canopy Growth, and I will be acting as Chair of the meeting today. As permitted in our bylaws, we are holding our meeting virtually by way of live audio webcast. Please refer to the meeting agenda and rules of conduct on the meeting portal for important information about the conduct of this meeting. These documents are posted in the meeting material section of the virtual meeting web portal.
Given the virtual format of today's meeting and in order for us to expediently undertake the business to be conducted at this meeting, we would request that registered shareholders or duly appointed proxy holders who have specific comments or questions on the business of the meeting to submit their comments or questions in the lower left-hand corner of the virtual shareholder meeting page underneath "Ask a Question." Shareholders are limited to asking two questions. During the course of this meeting, at the appropriate time, such submissions will be addressed prior to voting on the applicable motions. Any questions not specifically relating to the formal business of the meeting will be addressed by our investor relations team in separate communication. It is now 1:02 P.M. Toronto time, and the meeting will now come to order. Christelle Gedeon will serve as Secretary of the Meeting.
I hereby appoint Rita Gutierrez- Fernandez from Broadridge to act as scrutineer. I will now open the business portion of the meeting. The quorum for the transaction of business at the meeting is the presence in person, by remote communication, or by proxy duly authorized of the holders of 33.3% of the outstanding shares entitled to vote at the meeting. The scrutineer has advised me that prior to the meeting, proxies were received from the holders of a sufficient number of shares to constitute a quorum. Ms.
Gedeon has advised me that the notice calling this meeting, together with the proxy statement dated February 12th, 2024, and the form of proxy have been properly sent to each director of the company, the auditors of the company, and each intermediary and registered holder of the shares of the company as of February 12th, 2024, the record date for determining the shareholders entitled to receive notice and to vote at this meeting in accordance with the notice and access delivery procedures as provided under applicable securities laws. Additional copies of these materials are also available online on the company's SEDAR+ and EDGAR profiles. I will dispense with the reading of the notice of the meeting. Accordingly, I declare that the meeting is duly and properly constituted for the transaction of business.
I direct that the confirmation of mailing of the notice of the meeting received from Broadridge and the scrutineer's complete report on attendance be annexed to the minutes of the meeting. Please note that the meeting is being recorded. While this meeting is being recorded, no one attending via the live audio webcast or telephone is permitted to use any audio recording device. We have one matter of formal business to be conducted today: The Amendment Proposal. The Amendment Proposal is described more fully in our proxy statement that was either mailed to shareholders or provided to shareholders in accordance with the notice and access delivery procedures as provided under applicable securities laws. Given this is a virtual meeting, the voting at today's meeting will be conducted by online ballot for all matters.
If, as a registered shareholder or duly appointed proxy holder, you are using a control number or an appointee identification number accordingly to log into the meeting and you accept the terms and conditions, you will be provided the opportunity to vote by online ballot. If you have already voted and you vote again by ballot during the meeting, your online vote will revoke your previously submitted vote. If you have already voted and do not wish to revoke your previously submitted vote, do not vote again during the online ballot. The resolution to be voted on and your available voting options will be visible on the voting panel on your screen by clicking the "Vote Here" icon. To submit a vote, please click on the voting choice displayed on your screen. You must click "Submit" for your vote to be counted.
Once discussion has concluded, we will provide a few additional moments for you to enter your votes. I will then declare voting closed. Anyone who has not voted and wishes to do so, please do so at this time as the polls will close shortly. The results of the meeting will be publicly released and will be available on our website. It is exactly 1:06 P.M. Toronto time on April 12th, 2024, and the polls are now open.
As mentioned, the meeting has been called for the approval of a special resolution authorizing an amendment to Canopy's Articles of Incorporation as amended in order to, 1, create and authorize the issuance of an unlimited number of a new class of non-voting and non-participating exchangeable shares in the capital of Canopy, and 2, restate the rights of the common shares in the capital of Canopy to provide for a conversion feature whereby each common share may at any time, at the option of the holder, be converted into one exchangeable share. The full text of the amendment proposal is set forth in Appendix A to the proxy statement. Ms. Gedeon, have any questions come in from shareholders specifically on the matter of formal business?
Ms. Chair, I confirm that we have not received any questions from shareholders specifically on the matter of formal business.
Thank you. For those of you who have not yet voted, please do so now. As a reminder, if you have previously submitted a completed proxy, you will have voted in respect of the resolution, and it is not necessary to vote again on this ballot. There will be a short pause as we wait for the votes to be tabulated. It is now 1:08 P.M. Toronto time on April 12th, 2024, and the polls are now closed. Ms. Gedeon, please review the tabulation report and provide the preliminary voting results.
I confirm the polls are now closed, and I have reviewed the preliminary tabulation report. I have received the scrutineer's preliminary vote report, and based on the votes represented by proxy at this meeting, the matter put to a ballot has been passed with the requisite shareholder approval. Accordingly, as a result, I hereby declare the Amendment Proposal has passed. A final report disclosing the number of votes cast in favor of or withheld from voting for the item of business at this meeting will be reported as part of the report of voting results to be filed on SEDAR+ and disclosed in a press release promptly following the meeting and in a Form 8-K to be filed within four business days of this meeting.
Thank you, Ms. Gedeon. There being no further business to come before the meeting, it is now exactly 1:09 P.M. Toronto time, and the special meeting is now adjourned. I want to thank you for attending today's meeting and for the support you have shown for Canopy Growth Corporation.
That concludes the meeting. You may now disconnect.