Mr. Luc Mongeau reports

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

Canopy Growth Corp. has extended the deadline for the submission of proxies related to its coming annual general and special meeting of shareholders to Sept. 26, 2025, at 9 a.m. ET. The meeting will be held later the same day, at 1 p.m. ET, by live audio webcast.

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 33-1/3rd 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.

"We are very close to achieving a quorum for the meeting and are extending the proxy cut-off to give more shareholders the opportunity to vote and help ensure we can transact business at the meeting," said Luc Mongeau, chief executive officer. "I encourage all shareholders who have not voted yet to do so as soon as possible."

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 its 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.

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 -- on the Proxy Vote website;
• By phone -- 1-800-474-7493.

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. ET on Sept. 26, 2025.

Shareholder questions

If you have questions or need more information about the meeting, please contact Canopy Growth's proxy solicitation agent, 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.

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.

At Canopy Growth, the company 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 communities, Canopy Growth is paving the way for a better understanding of all that cannabis can offer.