Mr. Jordan Sinclair reports

CANOPY GROWTH CORPORATION COMPLETES PREVIOUSLY ANNOUNCED BOUGHT DEAL FINANCING FOR $200 MILLION

Canopy Growth Corp. has closed its previously announced short form prospectus offering on a bought deal basis. A total of 5.8 million common shares in the capital of Canopy Growth were sold at a price of $34.60 per share for aggregate gross proceeds of $200.68-million. The offering was underwritten by a syndicate of underwriters co-led by GMP Securities LP and BMO Capital Markets, and including Canaccord Genuity Corp., Eight Capital, Beacon Securities Ltd. and PI Financial Corp.

Canopy Growth intends to use the proceeds from the offering for capital expenditures for domestic and international capacity expansion over the next 18 months as well as for general corporate requirements. In addition, Canopy Growth intends to use proceeds from the offering for general working capital purposes, such as brand augmentation, channel development, technology investments, research and developing new product offerings. Canopy Growth may reallocate these funds as market and regulatory indicators warrant in light of the legalization and implementation of a national recreational cannabis market.

About Canopy Growth Corp.

Canopy Growth is a world-leading diversified cannabis and hemp company, offering distinct brands and curated cannabis varieties in dried, oil and soft-gel capsule forms. From product and process innovation to market execution, Canopy Growth is driven by a passion for leadership and a commitment to building a world-class cannabis company one product, site and country at a time.

We seek Safe Harbor.