Mr. Nik Schwenker reports

CANOPY GROWTH ANNOUNCES MAILING AND FILING OF ANNUAL GENERAL MEETING MATERIALS

Canopy Growth Corpo. has mailed (or mailed a notice of Internet availability with respect to) its proxy statement and fiscal 2024 annual report to shareholders (collectively, the meeting materials) relating to its 2024 annual general meeting of shareholders. The meeting is scheduled to take place on Tuesday, Sept. 24, 2024, at 1 p.m. ET and will be conducted by live audio webcast. The meeting materials have been filed on EDGAR and SEDAR+ under the company's profile, and are available at the company's website.

• Canopy Growth's AGM to be held in a virtual-only format on Tuesday, Sept. 24, 2024, at 1 p.m. ET.
• Voting is important and easy; shareholders are encouraged to vote now.
• Canopy Growth shareholders with a 16-digit control number can vote on-line, by phone at 1-800-474-7493 and by mail using the enclosed prepaid envelope.
• For more information, shareholders should contact Canopy Growth's strategic shareholder adviser and proxy solicitation agent, Laurel Hill Advisory Group, at 1-877-452-7184 (1-416-304-0211 for collect calls outside North America) or by e-mail at assistance@laurelhill.com.

At the meeting, shareholders will be asked to vote on three items:

1. The election of directors;
2. The reappointment of PKF O'Connor Davies LLP as the company's auditor and independent registered public accounting firm and to authorize the company's board of directors or any responsible committee thereof to fix their remuneration;
3. A non-binding, advisory vote on the company's approach to executive compensation.

The board of directors of the company recommends shareholders vote for each resolution.

Your vote is important -- vote today

Even if you plan to attend the virtual meeting, shareholders are encouraged to vote in advance of the meeting and as soon as possible to ensure your vote is submitted.

As a requirement of the company's Nasdaq listing, a quorum at the meeting consists of the presence, in person, by remote communication or by proxy duly authorized, of the holders of 33.33 per cent of the outstanding shares entitled to vote at the meeting. Due to the nature of Canopy Growth's shareholder base, every vote is important to ensure quorum is achieved and business can be transacted at the meeting.

Shareholders of record as of the close of business on July 31, 2024, are eligible to vote at the meeting.

How to vote

For the majority of Canopy Growth shareholders, voting will be facilitated by Broadridge Financial Solutions. These shareholders will receive a form of proxy or voting instruction form from Broadridge with a 16-digit control number, which can be used to vote:

• On-line;
• By phone: 1-800-474-7493;
• By mail: using the enclosed prepaid envelope.

Canopy Growth shareholders who hold their shares at Interactive Brokers LLC can vote on-line using the provided control number.

Clients of Robin Hood Securities LLC who are eligible to vote will receive a voting notice by e-mail from noreply@robinhood.com. Voting is hosted by Say Technologies, with voting and materials available directly from the e-mail.

Many shareholders are also eligible to vote quickly and conveniently over the phone by contacting the company's proxy solicitation agent, Laurel Hill Advisory Group, at 1-877-452-7184 (1-416-304-0211 for collect calls outside North America). Shareholders with questions about the meeting or voting their shares can also contact Laurel Hill at the above phone numbers, or by e-mail at assistance@laurelhill.com.

Annual report availability

Interested shareholders may also view the company's annual report that is available on the company's website.

About Canopy Growth Corp.

Canopy Growth is a world-leading cannabis company dedicated to unleashing the power of cannabis to improve lives.

Through an unwavering commitment to its consumers, Canopy Growth delivers innovative products with a focus on premium and mainstream cannabis brands, including Doja, 7Acres, Tweed and Deep Space, in addition to category-defining vaporizer technology made in Germany by Storz & Bickel.

Canopy Growth has also established a comprehensive ecosystem to realize the opportunities presented by the United States tetrahydrocannabinol market through an unconsolidated, non-controlling interest in Canopy USA, which owns and operates Jetty Extracts, a California-based producer of high-quality cannabis extracts and pioneer of clean vape technology, in addition to holding rights for Wana Brands, a leading North American edibles brand, as well as Acreage Holdings Inc., a vertically integrated, multistate cannabis operator with principal operations in densely populated states across the Northeast and Midwest.

Beyond its world-class products, Canopy Growth is leading the industry forward through a commitment to social equity, responsible use and community reinvestment -- pioneering a future where cannabis is understood and welcomed for its potential to help achieve greater well-being and life enhancement.

We seek Safe Harbor.