/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
SMITHS FALLS, ON, July 27, 2017 /CNW/ - Canopy Growth
Corporation ("Canopy Growth" or the "Company") (TSX:WEED) is pleased to announce that it has completed its previously announced
private placement with one investor (the "Offering") of common shares (the "Shares"). Pursuant to the Offering, the Company
issued 3,105,590 Shares at a net price of $8.05 per Share, for aggregate gross and net proceeds of
$24,999,999.50.
The Company intends to use the proceeds of the Offering for capacity growth initiatives. No finder's fees were paid by the
Company as part of the Offering.
The securities mentioned herein have not been and will not be registered under the United States Securities Act of 1933, as
amended (the "Securities Act"), or applicable state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the
Securities Act and applicable state securities laws. The securities mentioned herein have not been and will not be qualified for
sale to the public under applicable Canadian securities laws and, accordingly, any offer and sale of the securities in
Canada will be made on a basis which is exempt from the prospectus requirements of such
securities laws. The securities mentioned herein will be offered and sold only to non-U.S. persons in reliance on the "accredited
investor" prospectus exemption in Canada.
The Shares are restricted from trading for a period of four months from the issue date, and certain black-out restrictions
from trading will be applied to the investor.
This press release does not constitute an offer to sell or purchase, or a solicitation of an offer to sell or purchase, any
securities. No offer, solicitation, purchase or sale of securities will be made in any jurisdiction, in which such an offer,
solicitation, purchase or sale would be unlawful.
Here's to (funding for) Future Growth.
About Canopy Growth Corporation
Canopy Growth is a world-leading diversified cannabis company, offering diverse brands and curated cannabis strain
varieties in dried and oil extract forms. Through its wholly-owned subsidiaries, Canopy Growth operates numerous state-of-the-art
production facilities with over half a million square feet of indoor and greenhouse production capacity. Canopy Growth has
established partnerships with leading sector names in Canada and abroad. For more information
visit www.canopygrowth.com.
Notice Regarding Forward Looking Statements
This news release contains forward-looking statements. Often, but not always, forward-looking statements can be identified by the
use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "intends", "anticipates" or "does not
anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance or achievements of Canopy Growth Corporation,
Tweed Inc., Tweed Farms Inc., Mettrum Health Corp., or Bedrocan Canada Inc. to be materially different from any future results,
performance or achievements expressed or implied by the forward-looking statements. Examples of such statements include future
operational and production capacity, the impact of enhanced infrastructure and production capabilities, and forecasted available
product selection. The forward-looking statements included in this news release are made as of the date of this news
release and Canopy Growth Corp. does not undertake an obligation to publicly update such forward-looking statements to reflect
new information, subsequent events or otherwise unless required by applicable securities legislation.
Neither the TSX Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE Canopy Growth Corporation
View original content: http://www.newswire.ca/en/releases/archive/July2017/27/c3104.html