Mr. Julian Cohen reports

CANOPY GROWTH KICKS OFF SUMMER LONG WEEKENDS WITH EXCITING NEW PRODUCT LINE-UP

Canopy Growth Corp. has unveiled a lineup of new offerings across its premium brand portfolio -- 7Acres, Ace Valley, Deep Space and Doja. With select products releasing just in time for the first long weekend of the summer, including the release of its first large-format premium flower offering for the recreational market, Doja 91K 14 grams, this new lineup builds on the company's continued commitment to product innovation and meeting evolving consumer demand, while cementing Canopy's leadership position in the premium flower market.

"We are continuing our commitment to product innovation, tirelessly evolving our portfolio to provide consumers with the quality and variety of products they crave," said Julian Cohen, chief innovation officer at Canopy Growth. "Our new infused prerolls from 7Acres and first large-format offering from Doja are both excellent examples of how consumer and customer insights are driving our innovation strategy. We're excited to weave these insights and our premium product attributes into our new product releases."

7Acres

7Acres unveiled two new premium flower offerings: 7Acres Lemon Zkltz 3.5 grams, which features light green coloration with pink pistils and dense structure, pungent and complex aromas that transfer to robust flavour for a supersmooth taste experience, and 7Acres Jack Haze Bubble Hash infused preroll joints. Made using a true-to-flower infusion of Jack Haze Bubble Hash, these prerolls deliver high potency and increased flavour for an elevated smoking experience. These products come on the heels of the Know the Grow 10-video educational content series, which provides Canadians with an inside look at the talent, genetics and grow techniques behind the 7Acres brand and flower portfolio.

Ace Valley

The Ace Valley brand portfolio continues to expand with the release of Ace Valley Wappa three-pack 0.5-gram prerolled joint which comes in new recyclable and reusable packaging and boasts a pleasant, fruity aroma and flavour. Ace Valley is expanding its vape offering with Orange Frosty Live terp sauce one-gram 510 cartridge, offering a blend of live terp sauce, extracted from fresh, flash-frozen cannabis flower and high-purity THC (tetrahydrocannabinol) distillate with citrusy, sweet orange flavours that are perfect for daytime.

Deep Space

In the beverage category, Deep Space released two bold new flavours: Orange Orbit and The Grape Unknown. Both full-flavoured, cannabis-infused carbonated beverages deliver a nostalgic taste with a unique flavour twist iconic to Deep Space. Fuelled by 10 milligrams of THC in every recyclable 222-millilitre can, these new flavours are potent and ready to drink.

Doja

Doja introduced three new offerings for craft cannabis connoisseurs: Doja Legendary Larry, an indica-dominant strain, hang dried and hand finished, featuring mossy green and dense buds with a layer of icy trichomes and now available as a long-term offering in 3.5 grams of flower and three 0.5-gram prerolled joints; Doja Garlic Chem 3.5 grams, an indica-leaning hybrid strain available for a limited time only and influenced by the high-quality cultivation techniques found in British Columbia's Okanagan Valley, featuring dense and colourful buds that possess a gassy and garlic combination of aromas and flavours; and Doja 91K 14 grams, which emits a deep, dank terpene profile that includes myrcene, linalool and limonene, and is the brand's first premium large-format offering for the recreational market.

These new offerings are available for purchase via legal recreational cannabis retail locations and e-commerce channels, with select products available for a limited time only, including the 7Acres Lemon Zkltz 3.5 grams, Ace Valley Orange Frosty Live terp sauce one-gram 510 cartridge and Doja Garlic Chem 3.5 grams.

About Canopy Growth Corp.

Canopy Growth is a world-leading diversified cannabis and cannabinoid-based consumer product company, driven by a passion to improve lives, end prohibition and strengthen communities by unleashing the full potential of cannabis. Leveraging consumer insights and innovation, it offers product varieties in high-quality dried flower, oil, softgel capsule, infused beverage, edible and topical formats, as well as vaporizer devices by Canopy Growth and industry-leader Storz & Bickel. Canopy's global medical brand, Spectrum Therapeutics, sells a range of full-spectrum products using its colour-coded classification system and is a market leader in both Canada and Germany. Through its award-winning Tweed and Tokyo Smoke banners, the company reaches its adult-use consumers and has built a loyal following by focusing on top-quality products and meaningful customer relationships. Canopy Growth has entered into the health and wellness consumer space in key markets, including Canada, the United States and Europe, through BioSteel sports nutrition and This Works skin and sleep solutions; and has introduced additional federally permissible CBD (cannabidiol) products to the United States through its First & Free and Martha Stewart CBD brands. Canopy Growth has an established partnership with Fortune 500 alcohol leader Constellation Brands.

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