Ms. Caitlin O'Hara reports

CANOPY GROWTH CORPORATION COMPLETES C$500 MILLION CONVERTIBLE SENIOR NOTES OFFERING

Canopy Growth Corp. has closed its previously announced offering of $500-million aggregate principal amount of its 4.25 per cent convertible senior notes due 2023.

The initial conversion rate for the notes is 20.7577 common shares per $1,000 principal amount of the notes, equivalent to an initial conversion price of approximately $48.18 per share. The company intends to use the net proceeds from the sale of the notes for supporting expansion initiatives and general corporate purposes, including working capital requirements.

Cowen and Company LLC and BMO Nesbitt Burns Inc. acted as joint bookrunning managers; and Eight Capital and Bryan, Garnier & Co. acted as co-managers for this offering. Greenstar Canada Investment Limited Partnership, an affiliate of Constellation Brands Inc., purchased $200-million in notes in the offering and the remainder of the offering was widely allocated to institutions, primarily in the United States, Europe as well as Canada.

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.

We seek Safe Harbor.