Acreage Investor Presentation

STRATEGIC PARTNERSHIP CANOPY GROWTH CORPORATION UNDER THE AGREEMENT, ACREAGE HAS ACCESS TO CANOPY GROWTH'S: Strategic IP and proprietary technologies, including formulations, innovation pipeline, consumer insights, and product research and development. Industry-leading operational capabilities, standard operating processes, and best practices. Award-winning brand portfolio throughout the U.S., including Tweed, one of the most recognized cannabis brands in the world. TRANSACTION TERMS: Entered plan of arrangement in April 2019 and amended plan in September 2020 to align with broader market and economic factors and provide upside potential for Acreage shareholders. Creation of two new classes of Acreage shares: - Fixed shares (CSE: ACRG.A.U) (OTCQX:ACRHF) ― Floating shares (CSE: ACRG.B.U) (OTCQX:ACRDF) Upon a triggering event*, and certain conditions related to Acreage's performance: - • Canopy will purchase all of the fixed shares of Acreage at a pre-determined ratio, representing 70% ownership. Shares to be converted to 0.3048 shares of Canopy Growth. - Canopy also has the option to purchase the floating shares at a price equal to the 30-day VWAP or $6.41 per share, whichever is higher, to increase its ownership stake to 100%. *As regulations allow 19 ☑ CSE: ACRG.A.U, ACRG.B.U | OTCQX: ACRHF, ACRDF

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