Canopy Holdings AS (OB:CAN) commences share repurchases on January 14, 2022, under the program mandated by the shareholders in the Extraordinary General Meeting held on December 7, 2021. As per the mandate, the company is authorized to repurchase its own shares. The consideration per share may not be less than NOK 0.02 and may not exceed NOK 20 per share. The repurchased shares will be used to fulfil the Revised 5 March Option Plan, the November 2021 Option Plan, the Board Members November 2021 Option Plan, and the 2021 Catalate Share Plan. The authority shall be valid until the annual general meeting in 2022, however not beyond October 31, 2022. As of November 30, 2021, the company had 88,025,691 shares in issue.

On January 13, 2022, the company announced a share repurchase program. Under the program, the company will repurchase a maximum of 2,500,000 shares, equivalent to approximately 2.8% of the share capital of the company. Shares repurchased under the program will be used to fulfill the company's obligations under its employee stock option agreements established March 2021 for options that are expected to vest before the next AGM, its board stock option agreements established December 2021 for options that are expected to vest before the next AGM and its Share program for key employees also established December 2021. The program will commence on January 14, 2022, and will be in force until the earlier of the maximum number of shares as set out above has been acquired, and May 31, 2022.