Mr. Alex Thomas reports

CANOPY GROWTH ANNOUNCES MAILING AND FILING OF PROXY MATERIALS FOR ANNUAL GENERAL AND SPECIAL MEETING AND URGES ALL SHAREHOLDERS TO VOTE NOW

Canopy Growth Corp. has mailed (or mailed a notice of internet availability with respect to) its proxy statement and fiscal 2025 annual report to shareholders relating to its 2025 annual general and special meeting of shareholders. The meeting is scheduled to take place on Friday, Sept. 26, 2025, at 1 p.m. ET, and will be conducted by live audio webcast.

Canopy needs your vote. Vote today and help the company reach quorum.

Even if you plan to attend the virtual meeting, you 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 Stock Market listing, a quorum at the meeting consists of the presence, in person, by remote communication or by proxy duly authorized, of the holders of 33-1/3rds per cent of the outstanding shares entitled to vote at the meeting.

Due to the nature of Canopy Growth's shareholder base, your presence in person (including by remote communication) or by proxy at the meeting is critical to help the company achieve a quorum. If quorum is not achieved, the company will be required to adjourn the meeting, which would result in the company incurring additional costs.

Shareholders of record as of the close of business on Aug. 1, 2025, are eligible to vote at the meeting.

The meeting materials have been filed on EDGAR and SEDAR+ under the company's profile, and are available on the company's website.

At the meeting, shareholders will be asked to vote on four items (each as described in the company's proxy statement):

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 its remuneration;
3. A share consolidation (also known as a reverse stock split) proposal;
4. An advisory (non-binding) vote on the company's approach to executive compensation.

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

How to vote

Your vote matters. Please take a moment to submit it today using one of the convenient options below.

For the majority of Canopy Growth shareholders, voting will be facilitated by Broadridge Investor Communications Corp. These shareholders will receive (or be able to access) a form of proxy or voting instruction form from Broadridge with a 16-digit control number, which can be used to vote on-line or by phone at 1-800-474-7493.

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

Clients of Robinhood 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 consumers, Canopy Growth delivers innovative products from owned and licensed brands, including Tweed, 7Acres, Doja, Deep Space and Claybourne, as well as category defining vaporization devices by Storz & Bickel. In addition, Canopy Growth serves medical cannabis patients globally with principal operations in Canada, Europe and Australia.

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's portfolio includes ownership of Acreage Holdings Inc., a vertically integrated multistate cannabis operator with operations throughout the U.S. Northeast and Midwest, as well as ownership of Wana Wellness LLC, The Cima Group LLC and Mountain High Products LLC (collectively, doing business as Wana), a leading North American edibles brand, and majority ownership of Lemurian Inc. (doing business as Jetty), a California-based producer of high-quality cannabis extracts and clean vape technology.

Canopy Growth is shaping a future where cannabis is embraced for its potential to enhance well-being and improve lives. With high-quality products, a commitment to responsible use, and a focus on enhancing the communities where people live and work, Canopy Growth is paving the way for a better understanding of all that cannabis can offer.