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Canopy Growth to change symbol to WEED Feb. 1

2017-01-31 18:22 ET - News Release

Mr. Bruce Linton reports

CANOPY GROWTH TO TRADE AS WEED ON THE TSX

Canopy Growth Corp.'s share ticker will change to WEED upon the commencement of trading on the Toronto Stock Exchange on Feb. 1, 2017.

"Patients, investors and Canadians as a whole are more accepting of the cannabis sector today than ever before," said Bruce Linton, chairman and chief executive officer of Canopy Growth. "This is owed to a lot of factors, but we are proud to have played our part in introducing a once-stigmatized topic into Main Street and Bay Street conversations. From our beginnings in an abandoned chocolate factory, to our funding of research to our countless doctor interactions, we have always taken pride in putting people at ease to open the door to a more meaningful conversation. Now, over three years later, we're thrilled to be marketing WEED on Bay Street."

The ticker symbol change comes at a transformative time for Canopy Growth. On Jan. 27, 2017, shareholders voted overwhelmingly in favour of a previously announced acquisition of Mettrum Health Corp. All conditions of an arrangement agreement dated Nov. 30, 2016, as amended, and previously announced by the companies on Dec. 1, 2016, have been met, and the transaction is now officially closed. With Mettrum under the canopy, the company has created the largest legal cannabis business in the world. Moving forward, this means additional production capacity, physician outreach opportunities, research, jobs and economic stimulus across Ontario and Canada.

With a strong portfolio of diverse national brands, unparalleled diversified production capacity and a strong financial position, Canopy Growth is poised to continue its growth trajectory to meet the demand of domestic and international cannabis markets.

Canopy Growth team members from across the country will ring the bell to open trading on the TSX on Feb. 1, 2017. The Canopy Growth team is looking forward to celebrating the acquisition of Mettrum and a new ticker, and is looking forward to continued future growth.

About Canopy Growth Corp.

Canopy Growth is a world-leading diversified cannabis company, offering diverse brands and curated cannabis strain varieties in dried and oil extract forms. Through its wholly owned subsidiaries, Canopy Growth operates numerous state-of-the-art production facilities with over 650,000 square feet of indoor and greenhouse production capacity. Canopy Growth has established partnerships with leading sector names in Canada and abroad.

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