SMITHS FALLS, ON, May 11, 2018 /CNW/ - Canopy Growth
Corporation (TSX: WEED) (the "Company") has issued common shares in the Company to secure an option to purchase certain Canadian
production assets.
The Company issued 332,009 common shares to an unrelated third party in order to satisfy the $10
million cost of securing the purchase option, calculated using a 5-day VWAP ending May
9th.
About Canopy Growth Corporation
Canopy Growth is a world-leading diversified cannabis and hemp company, offering distinct brands and curated cannabis
varieties in dried, oil and Softgel capsule forms. From product and process innovation to market execution, Canopy Growth is
driven by a passion for leadership and a commitment to building a world-class cannabis company one product, site and country at a
time.
Canopy Growth has established partnerships with leading sector names including cannabis icon Snoop Dogg, breeding legends DNA
Genetics and Green House seeds, and Fortune 500 alcohol leader Constellation Brands, to name but a few. Canopy Growth operates
eight cannabis production sites with over 2.4 million square feet of production capacity, including over 500,000 square feet of
GMP-certified production space. The Company has operations in seven countries across four continents. The Company is proudly
dedicated to educating healthcare practitioners, conducting robust clinical research, and furthering the public's understanding
of cannabis, and through its partly owned subsidiary, Canopy Health Innovations, has devoted millions of dollars toward cutting
edge, commercializable research and IP development. Through partly owned subsidiary Canopy Rivers Corporation, the Company is
providing resources and investment to new market entrants and building a portfolio of stable investments in the sector. From our
historic public listing to our continued international expansion, pride in advancing shareholder value through leadership is
engrained in all we do at Canopy Growth. For more information visit www.canopygrowth.com.
Notice Regarding Forward Looking Information
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, its subsidiaries, or its affiliates 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 Corporation 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.
SOURCE Canopy Growth Corporation
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