Mr. David Klein reports

CANOPY GROWTH ANNOUNCES EXTENSION OF PROXY VOTING DEADLINE FOR UPCOMING ANNUAL GENERAL MEETING

Canopy Growth Corp. has extended the deadline for the submission of proxies related to its upcoming annual general meeting of shareholders to Sept. 24, 2024, at 9 a.m. Eastern Time. The meeting will be held later the same day, at 1 p.m. Eastern Time, via live webcast.

• Canopy Growth announces extension of proxy voting deadline for upcoming annual general meeting;
• Shareholders now have until Sept. 24, 2024, at 9 a.m. Eastern Time to submit votes to help ensure a quorum is achieved;
• Your vote is important! If you need assistance with voting your shares please contact Laurel Hill Advisory Group at 1-877-452-7184 or by e-mail at assistance@laurelhill.com.

The deadline is being extended to allow holders of Canopy Growth common shares more time to vote and to ensure a quorum is present at the meeting.

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 33.3 per cent of the outstanding shares entitled to vote at the meeting. If quorum is not present at the meeting, the meeting will need to be adjourned.

"Given that we are so close to achieving a quorum for the meeting, we are extending the proxy cut-off to give more shareholders the opportunity to vote and help ensure we can transact business at the meeting without delay," said David Klein, chief executive officer of the company. "To my fellow shareholders who have not yet voted, I encourage you to join me and thousands of other shareholders in working together to achieve this important outcome."

Your vote is important!

Even if you have not voted before, it is as important as ever to cast your vote and help Canopy Growth reach quorum for the meeting. Every shareholder has the power to help, and fortunately voting is both quick and easy!

Canopy Growth has retained Laurel Hill Advisory Group as the company's proxy solicitor to answer questions and help shareholders vote their shares. For many shareholders, you can vote over the phone by calling Laurel Hill toll-free 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.

Canopy Growth has also retained Alliance Advisors LLC as a proxy solicitor to answer questions and help shareholders vote their shares. For many shareholders, you can vote over the phone by calling Alliance Advisors toll-free at: 1-855-643-7453 and 1-551-210-9931 for collect calls outside North America. The Alliance Advisors hours of operation are: 9 a.m. to 10 p.m. Monday through Friday and 10 a.m. to 6 p.m. -- Saturday and Sunday (all times Eastern). Shareholders with questions about the meeting or voting their shares can also contact Alliance Advisors at the above phone numbers, or by e-mail at cgc@allianceadvisors.com.

In addition, you can independently vote by following the below instructions.

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

On-line:  Proxy Vote website

By phone:  1-800-474-7493

By mail:  using the enclosed prepaid envelope

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.

Meeting details

Greater details and rationale for each of the proposals can be found in Canopy Growth's proxy statement that was mailed or made available to shareholders and filed under the company's EDGAR and SEDAR+ profiles, and can also be found on the company's website.

Your vote is important -- please vote today

The revised proxy voting deadline is 9 a.m. Eastern Time on Sept. 24, 2024

Shareholder questions

If you have questions or need more information about the meeting, please contact Canopy Growth's proxy solicitation agents: Laurel Hill by telephone at 1-877-452-7184 toll-free in Canada or 416-304-0211 for international calls or by e-mail at assistance@laurelhill.com; and Alliance Advisors by telephone at 1-855-643-7453 toll-free and 1-551-210-9931 for collect calls outside North America or by e-mail at cgc@allianceadvisors.com.

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 U.S. THC (tetrahydrocannabinol) market through an unconsolidated, non-controlling interest in Canopy USA LLC. Canopy USA has closed the acquisitions of approximately 75 per cent of the shares of Lemurian Inc. (Jetty) and two of three Wana entities that make up Wana Brands, being Wana Wellness LLC and The CIMA Group LLC, with the full acquisition of Wana expected by end of summer, subject to regulatory approval, once the acquisition of Mountain High Products LLC is complete. Jetty owns and operates Jetty Extracts, a California-based producer of high-quality cannabis extracts and pioneer of clean vape technology, and Wana Brands is a leading North American edibles brand. Canopy USA has also exercised an option to acquire 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.