Exhibit 99.1
Canada Goose Announces Renewal of Normal Course Issuer Bid
Toronto November 17, 2023 Canada Goose Holdings Inc. (the Company or Canada Goose) (NYSE, TSX: GOOS)
today announced that the Toronto Stock Exchange (TSX) has approved the renewal of its normal course issuer bid (the NCIB). The NCIB as renewed provides for the purchase for cancellation of up to 4,980,505
subordinate voting shares of Canada Goose over the twelve-month period commencing on November 22, 2023 and ending no later than November 21, 2024. This represents approximately 10% of the 49,805,058 subordinate voting shares comprising the
public float (the Public Float) determined in accordance with TSX requirements as at November 10, 2023. As at November 10, 2023, there were 49,917,029 subordinate voting shares issued and outstanding.
Canada Goose currently believes that the purchase of the Companys subordinate voting shares under the NCIB is an appropriate and desirable use of
available excess cash on hand, as part of its broader capital allocation strategy.
The NCIB will be conducted through the facilities of the TSX and the
New York Stock Exchange (NYSE) or alternative trading systems in Canada and the United States, if eligible, and will conform to their regulations. Subordinate voting shares will be acquired under the NCIB at the market price plus
brokerage fees. Purchases under the NCIB will be made by means of open market transactions or such other means as a securities regulatory authority may permit. In the event that the Company acquires subordinate voting shares by other means as a
securities regulatory authority may permit, the purchase price of the subordinate voting shares may be different than the market price of the subordinate voting shares at the time of the acquisition. Purchases made under an issuer bid exemption
order will be at a discount to the prevailing market price as per the terms of the order. Furthermore, under the NCIB, Canada Goose may make, once per week, a block purchase (as such term is defined in the TSX Company Manual) at market price, in
accordance with TSX rules. Canada Goose will otherwise be allowed to purchase daily, through the facilities of the TSX, a maximum of 71,846 subordinate voting shares representing 25% of the average daily trading volume of 287,387 subordinate voting
shares, as calculated per the TSX rules for the six-month period starting on May 1, 2023 and ending on October 31, 2023.
In connection with the NCIB, the Company also re-entered into an automatic share purchase plan
(ASPP) with the designated broker responsible for the NCIB, allowing for the purchase of subordinate voting shares under the NCIB at times when Canada Goose would ordinarily not be permitted to purchase its securities due to
regulatory restrictions and customary self-imposed blackout periods. Pursuant to the ASPP, before entering into a blackout period, the Company may, but is not required to, instruct the