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CONSTELLATION BRANDS, INC. Director's Dealing 2020

May 4, 2020

30189_dirs_2020-05-04_ab208119-856f-4c18-bb15-814fc94746c3.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Canopy Growth Corp (CGC)
CIK: 0001737927
Period of Report: 2020-05-01

Reporting Person: CONSTELLATION BRANDS, INC. (10% Owner)
Reporting Person: Greenstar Canada Investment Limited Partnership (10% Owner)
Reporting Person: Greenstar Canada Investment Corp (10% Owner)
Reporting Person: Constellation Brands Canada Holdings ULC (10% Owner)
Reporting Person: CONSTELLATION INTERNATIONAL HOLDINGS LTD (10% Owner)
Reporting Person: Constellation Capital LLC (10% Owner)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2020-05-01 Common Shares X 9438451 Acquired 28315352 Indirect
2020-05-01 Common Shares X 9438450 Acquired 37753802 Indirect

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2020-05-01 Tranche 1 Warrants (right to buy) $ X 9438451 Disposed 2020-05-01 Common Shares (9438451.0) Indirect
2020-05-01 Tranche 2 Warrants (right to buy) $ X 9438450 Disposed 2020-05-01 Common Shares (9438450.0) Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Common Shares 104500000 Indirect

Footnotes

F1: These warrants have an exercise price of CAD 12.9783, which, when using the exchange rate on May 1, 2020, is equivalent to $9.2117.

F2: These shares are owned directly by Greenstar Canada Investment Limited Partnership, which partners are Greenstar Canada Investment Corporation ("GCIC") and Constellation Brands Canada Holdings ULC ("CBCH"). CBCH is a wholly-owned subsidiary of Constellation Capital LLC ("CC"), which is a wholly-owned subsidiary of Constellation International Holdings Limited ("CIHL"), which is a wholly-owned subsidiary of Constellation Brands, Inc. GCIC, CBCH, CC, CIHL and Constellation Brands, Inc. are indirect beneficial owners of the reported shares.

F3: These shares are owned directly by CBG Holdings LLC, which is a wholly-owned subsidiary of Constellation Brands, Inc.