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Investor Presentaiton

DISCLAIMERS AND CAUTIONARY STATEMENTS Forward-Looking Information This presentation (including any information which has been or may be supplied in writing or orally in connection herewith or in connection with any further inquiries, this "Presentation") contains "forward-looking statements" within the meaning of applicable securities laws, which involve certain known and unknown risks and uncertainties which may cause the actual results, performance or achievements of Canopy Growth Corporation ("Canopy," the "Company,” “we,” “us” or “our”) or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements or information contained in this Presentation. To the extent any forward-looking statements in this Presentation constitutes "financial outlooks" within the meaning of applicable Canadian securities laws, the reader is cautioned that this information may not be appropriate for any other purpose and the reader should not place undue reliance on such financial outlooks. Forward-looking statements predict or describe our future operations, business plans, business and investment strategies and the performance of our investments. These forward-looking statements are generally identified by their use of such terms and phrases as "intend," "goal," "strategy," "estimate," "expect," "project," "projections," "forecasts," "plans," "seeks," "anticipates," "potential," "proposed," "will," "should," "could," "would," "may," "likely," "designed to," "foreseeable future," "believe," "scheduled" and other similar expressions. Our actual results or outcomes may differ materially from those anticipated. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. Examples of such statements and uncertainties include, but are not limited to, statements regarding the Company's ability to achieve its anticipated market opportunity by 2027 and improve adaptability to market demands; the long-term trajectory of the cannabis industry in Canada, the United States and internationally; the Company's ability to achieve its anticipated cost reduction targets; expectations regarding international demand for quality Canadian cannabis; the Company's ability to capitalize on growth opportunities in Canada, the United States and internationally; the anticipated benefits associated with the Company's new product launches; expectations regarding the potential success of, and the costs and benefits associated with Canopy USA, LLC ("Canopy USA"); consolidation of assets upon federal permissibility to drive additional growth; expected size of the Canadian, U.S. and international cannabis markets; segment and business focuses for FY2024, including delivering positive Adjusted EBITDA across business units exiting FY2024; and expectations regarding our future financial performance and other economic, business and/or competitive factors. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. 2
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