Mr. Alex Thomas reports

CANOPY GROWTH ANNOUNCES RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

Canopy Growth Corp. has released the voting results from its annual general and special meeting of shareholders convened on Sept. 26, 2025, and adjourned to and reconvened on Oct. 10, 2025.

All of the matters put forward before the company's shareholders for consideration and approval, as set out in the company's definitive proxy statement dated Aug. 7, 2025, were approved by the requisite number of votes cast at the meeting, as further detailed below.

Each of the directors listed as a nominee in the proxy statement was elected at the meeting to serve as a director of the company until the company's next annual shareholders meeting or until his or her successor is duly elected or appointed.

The detailed results of the vote for the election of directors held at the meeting are set out below.

Canopy Growth's shareholders also approved the reappointment of PKF O'Connor Davies LLP as the company's auditor and independent registered public accounting firm for the fiscal year ending March 31, 2026, and authorized the company's board of directors or any responsible committee thereof to fix its remuneration.

In addition, Canopy Growth's shareholders approved the amendment to the articles of the company to, among other things, consolidate the company's issued and outstanding common shares and exchangeable shares. The share consolidation will only be implemented, if at all, upon a determination by the board that it is in the best interest of the company and its shareholders. If the board does not implement the share consolidation within 12 months of the date of the meeting, the authority granted will lapse and be of no further force of effect.

Shareholders also approved an advisory (non-binding) resolution on the compensation of the company's named executive officers.

For complete results on all matters voted on at the meeting, please consult the company's report of voting results, which will be filed on the company's SEDAR+ profile, and the company's Form 8-K, which will be filed on EDGAR.

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, a leading North American edibles brand, and majority ownership of Lemurian Inc., 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.

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