Evolving Cannabis Industry Potential and Constellation Investment Overview

Canopy Performance Highlights Revenue (C$ in mm) $21.7 $22.8 $17.6 $15.9 $14.7 CANOPY GROWTH Constellation Brands CORPORATION Sales (kg & kg equiv.) 2,528 2,330 2,020 1,740 1,830 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q4 2017 Q1 2018 Average Sales Price / Gram Q2 2018 Patients ('000) Q3 2018 Q4 2018 $8.43 $8.30 $8.03 $7.96 $7.99 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Source: Company information 29 55 55 59 59 74 69 64 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 | 17

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