Exchange of Supreme Shares — Tax Election

Reference is made to the Management Information Circular of The Supreme Cannabis Company, Inc. (“Supreme”) dated May 11, 2021 and specifically to the discussion for Supreme shareholders beginning on page 84 under the sub heading “Certain Canadian Federal Income Tax Considerations – Holders Resident in Canada – Exchange of Supreme Shares – Section 85 Election”. If you are eligible and wish to make an election (a “Tax Election”) pursuant to Section 85 of the Income Tax Act (Canada) in respect of Canopy Growth Corporation’s (“Canopy”) acquisition of your Supreme shares please complete the applicable prescribed form(s) (refer to links below) and e-mail the completed and signed form(s) to supremesection85@canopygrowth.com.

Following sixty days from the effective date of Canopy’s acquisition of Supreme, completed and signed forms that have been emailed to and received by Canopy will be reviewed for compliance with applicable requirements and, if appropriate, a Canopy signed version of the form(s) will be returned to the email address from which the completed and signed form(s) was sent. A form(s) that is determined to be incomplete, and/or not meeting applicable requirements, will be returned to the email address from which the completed and signed form(s) was sent and shall indicate the issue(s) / error(s) and provide an opportunity to rectify the issue(s) / error(s).

Please ensure that relevant contact information (e.g., name and means of communication (i.e., e-mail, telephone number, etc.)) is provided when submitting the completed and signed form(s).

It is the responsibility of the investor to ensure that a fully executed form(s) (that is, the form(s) that has been signed by both the investor and Canopy) are submitted to the relevant tax authority by the relevant due date for the form(s).

By completing and emailing the signed form(s) noted above, you hereby agree that Canopy may collect and process your personal data for the Tax Election. You acknowledge and understand that Canopy will retain your personal data in accordance with required Canada Revenue Agency record retention requirements. You are aware that your consent to the processing of your personal data is voluntary and that you are obligated to submit your personal data. You can withdraw consent at any time by emailing supremesection85@canopygrowth.com. However, the withdrawal of your consent does not affect the legality of the processing of your personal data, which took place until the withdrawal on the basis of the consent hereby provided. You acknowledge that the personal information that you supply to us in respect of a Tax Election is subject to the security measures and access rights as described in our Privacy Policy.

Canopy is not providing any legal or tax advice regarding the Tax Election. Supreme Shareholders should discuss the implications of making a Tax Election with their own legal and tax advisors.

The Canada Revenue Agency PDF fillable forms are found at:

T2057 for use by individuals, trusts, and corporations:
https://www.canada.ca/en/revenue-agency/services/forms-publications/forms/t2057.html
T2058 for use by Partnerships:
https://www.canada.ca/en/revenue-agency/services/forms-publications/forms/t2058.html

Publications relevant to the joint tax election may be found at:
https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/ic76-19.html
https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/it291r3.html

For Quebec residents/taxpayers, in addition to the above noted federal forms provided by the CRA, the following are provided by Revenu Quebec:

TP-518(-V) for use by individuals, trusts, and corporations:
EN: https://www.revenuquebec.ca/en/online-services/forms-and-publications/current-details/tp-518-v/
FR: https://www.revenuquebec.ca/fr/services-en-ligne/formulaires-et-publications/details-courant/tp-518/

TP-529(-V) for use by Partnerships:
EN: https://www.revenuquebec.ca/en/online-services/forms-and-publications/current-details/tp-529-v/
FR: https://www.revenuquebec.ca/fr/services-en-ligne/formulaires-et-publications/details-courant/tp-529/