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Canopy Growth Corp Director's Dealing 2021

May 4, 2021

32768_dirs_2021-05-04_476722bb-7733-4213-8e98-76210ff18ebc.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Canopy Growth Corp (CGC)
CIK: 0001737927
Period of Report: 2021-04-29

Reporting Person: Greenstar II Holdings LLC (10% Owner)
Reporting Person: Greenstar II LLC (10% Owner)

Holdings (Non-Derivative)

Security Shares Ownership
Common Shares 104500000 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Tranche A Warrants (right to buy) $ 2023-11-01 Common Shares (88472861.0) Indirect
Tranche B Warrants (right to buy) $ 2026-11-01 Common Shares (38454444.0) Indirect

Footnotes

F1: These shares are owned directly by CBG Holdings, LLC ("CBG"), which is a wholly-owned subsidiary of Greenstar II LLC ("GSII"), which is a wholly-owned subsidiary of Greenstar II Holdings LLC ("GSII Holdings"), which is a wholly-owned subsidiary of Constellation Brands, Inc. ("CBI"). On April 29, 2021, GSII and GSII Holdings became indirect beneficial owners of these reported shares. (CBG and CBI have previously reported their ownership in such shares.)

F2: These warrants have an exercise price of CAD 50.40, which, when using the exchange rate on May 3, 2021, is equivalent to $41.05.

F3: These warrants became exercisable upon the full exercise of the Tranche A Warrants.

F4: These warrants have an exercise price of CAD 76.68, which, when using the exchange rate on May 3, 2021, is equivalent to $62.45.