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Building Value for Canopy Growth

On April 18, 2019, Canopy and Acreage Holdings, Inc. (“Acreage”) — a leading multi-state cannabis operator in the U.S.— entered into a proposed arrangement pursuant to which Canopy will acquire all of the shares of Acreage when the production and sale of cannabis becomes federally-permissible in the U.S.

On June 27, 2019, Canopy shareholders voted in favour of implementing the acquisition of all issued and outstanding shares in the capital of Acreage.

The arrangement combines Canopy’s global footprint, intellectual property, and brands with Acreage’s licenses and infrastructure across numerous U.S. states, giving it the right to develop its current dispensaries, cultivation and processing facilities.

Together, we expect to create an international cannabis powerhouse and generate sustained long-term value for shareholders of both companies.