Canopy Growth Appoints PKF O’Connor Davies as Auditor

SMITHS FALLS, ON – June 28, 2023 – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NASDAQ: CGC) announced today the appointment of PKF O’Connor Davies, LLP (“PKFOD”) as its independent registered public accounting firm for the 2024 fiscal year and accepted the resignation of KPMG LLP (“KPMG”).

“This change has been underway for some time and reflects a joint decision between Canopy Growth and KPMG. We are pleased to welcome PKFOD, which has specific experience in supporting clients in the cannabis industry as our accounting firm for fiscal 2024. Going forward, we remain focused on our ongoing actions to strengthen Canopy Growth’s balance sheet and advance towards profitability” said Judy Hong, Chief Financial Officer, Canopy Growth.

As described further in Canopy Growth’s Current Report on Form 8-K filing on June 27, 2023, with the Securities and Exchange Commission, KPMG’s resignation did not result from any disagreements between the Company and KPMG on any matter of accounting principles or practices, financial statement disclosures, or auditing scope or procedures.

About Canopy Growth

Canopy Growth is a leading North American cannabis and CPG company dedicated to unleashing the power of cannabis to improve lives.

Through an unwavering commitment to our consumers, Canopy Growth delivers innovative products with a focus on premium and mainstream cannabis brands including Doja, 7ACRES, Tweed, and Deep Space. Our CPG portfolio features sugar-free sports hydration brand BioSteel, targeted 24-hour skincare and wellness solutions from This Works, gourmet wellness products by Martha Stewart CBD, and category defining vaporizer technology made in Germany by Storz & Bickel.

Canopy Growth has also established a comprehensive ecosystem to realize the opportunities presented by the U.S. THC market through its rights to Acreage Holdings, Inc., a vertically integrated multi-state cannabis operator with principal operations in densely populated states across the Northeast, as well as Wana Brands, a leading cannabis edible brand in North America, and Jetty Extracts, a California-based producer of high-quality cannabis extracts and pioneer of clean vape technology.

Beyond our world-class products, Canopy Growth is leading the industry forward through a commitment to social equity, responsible use, and community reinvestment—pioneering a future where cannabis is understood and welcomed for its potential to help achieve greater well-being and life enhancement.

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Laura Nadeau
Tyler Burns
Director, Investor Relations