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August 24, 2016

Canopy Growth Corporation Completes $34.5 Million Bought Deal Financing

Canopy Growth Corporation (TSXV: CGC) completed a bought deal short form prospectus offering of a total of 9,453,000 common shares (“Shares”) at a price of $3.65 per Share for aggregate gross proceeds of $34,503,450 (the “Offering”), including the exercise in full of an over-allotment option granted to the Underwriters’ (as defined below). The Offering was completed with a syndicate of underwriters led by GMP Securities L.P. and Dundee Securities Ltd. and including, INFOR Financial Inc. and PI Financial Corp. (collectively, the “Underwriters”).

Wildeboer Dellelce acted for the Underwriters in connection with the Offering with a team that included Perry Dellelce, Charlie Malone, Patrick Magee, Patricia Good (corporate/securities) and John Kutkevicius (tax).