Canopy Growth and Acreage Holdings Remind Shareholders to Vote FOR Canopy Growth's Plan to Acquire Acreage Shareholders are encouraged to vote before the deadline of 10:00 am (EST) on

Canopy Growth and Acreage Holdings Remind

Shareholders to Vote FOR Canopy Growth's Plan to Acquire Acreage

Shareholders are encouraged

to vote before the deadline of 10:00 am (EST) on June 17, 2019

Canopy Growth's brands,

technology and know-how is anticipated to provide Acreage with a significant advantage in an increasingly competitive U.S. market

and fuel Acreage's growth.

Acreage shareholders

will benefit from Acreage's ability to achieve its growth strategy with an anticipated reduced cost of capital based on Canopy

Canopy Growth shareholders

will benefit from accelerated and turnkey access to the U.S. cannabis market upon the closing of the Transaction.

firms believe they will create greater shareholder value together than as competitors in the U.S.

SMITHS FALLS, ON and NEW YORK, June 14,

2019 /CNW/ - Canopy Growth Corporation ("Canopy Growth") (TSX: WEED) (NYSE: CGC) and Acreage Holdings, Inc. ("Acreage")

(CSE: ACRG.U) (OTC: ACRGF) (FSE: 0ZV) (together, the "Companies") thank shareholders for their overwhelming support

to date and remind shareholders to vote on the applicable resolutions in connection with the proposed acquisition of Acreage by

Canopy Growth (the "Transaction"), before the voting deadline of 10:00 am (EST) on Monday, June 17, 2019.

1 + 1 = Global Leadership: Joining

Forces Today Provides for a Strategic Advantage Greater Than Either Company Could Build Alone

The boards of directors of both Canopy Growth

and Acreage unanimously support the Transaction and believe that it will create significant value for both sets of shareholders

and each recommend that their respective shareholders vote FOR the various resolutions at the respective special meetings of shareholders

of Canopy Growth and Acreage.

Acreage shareholders will receive a significant

upfront cash payment of approximately US$2.51 - US$2.63 per Subordinate Voting Share (with holders of other classes of Acreage

Shares being entitled to an amount determined on an as-converted to Subordinate Voting Share basis) and are expected to benefit

from accelerated expansion, improved scale, and a stronger market position in the U.S., powered by the IP and brand rights of the

world's leading cannabis company. For Canopy Growth shareholders, the Transaction represents a clear path for Canopy Growth to

enter the U.S. cannabis market, when federally-permissible, and will introduce its brands and consumer products in the United States.

Additional information about the Transaction

and benefits to shareholders can be found in the Companies' respective management information circulars. An electronic copy of

Acreage's circular is available http://investors.acreageholdings.com/Acreage-Canopy-Deal. An electronic copy of Canopy Growth's

circular is available at https://www.canopygrowth.com/canopy-acreage-deal/.

Vote Today: Becoming a Voter is Fast and

The deadline to vote for shareholders of both

Acreage and Canopy Growth is 10:00 am (EST) on Monday June 17, 2019.

Even if you have never voted before, voting

For Acreage Shareholders with Questions

or Requiring Help Voting:

Contact Kingsdale Advisors at 1-866-229-8651

toll-free (within North America) or 1-416-867-2272 (for collect calls outside North America), or by email at contactus@kingsdaleadvisors.com.

For Canopy Growth Shareholders with Questions

or Requiring Help Voting:

Contact Kingsdale Advisors at 1-866-581-1392

toll-free (within North America) or 1-416-867-2272 (for collect calls outside North America) or by email at contactus@kingsdaleadvisors.com.

Cassels Brock & Blackwell LLP and Paul

Hastings LLP acted as legal counsel to Canopy Growth. PricewaterhouseCoopers LLP (Canada) acted as finance advisor to Canopy Growth. Ernst

& Young LLP (EY) acted as tax advisors to Canopy Growth. Greenhill & Co. Canada Ltd. provided an independent

fairness opinion to the board of directors of Canopy Growth.

DLA Piper (Canada) LLP and Cozen O'Connor acted

as legal counsel to Acreage. Canaccord Genuity Corp. acted as financial advisor to Acreage and provided a fairness opinion to the

board of directors of Acreage. Stikeman Elliott LLP acted as legal counsel and INFOR Financial Inc. provided an independent

fairness opinion to a special committee of independent directors of Acreage.

Kingsdale Advisors is acting as strategic shareholder

and communications advisor and proxy solicitation agent to both Canopy Growth and Acreage.

For a more detailed description of the Transaction,

readers should review the Canopy Growth and Acreage management information circulars.

Canopy Growth (TSX:WEED, NYSE:CGC) is a world-leading

diversified cannabis, hemp and cannabis device company, offering distinct brands and curated cannabis varieties in dried, oil and

Softgel capsule forms, as well as medical devices through Canopy Growth's subsidiary, Storz & Bickel GMbH & Co. KG. From

product and process innovation to market execution, Canopy Growth is driven by a passion for leadership and a commitment to building

a world-class cannabis company one product, site and country at a time. Canopy Growth has operations in over a dozen countries

across five continents.

Canopy Growth's medical division, Spectrum

Therapeutics is proudly dedicated to educating healthcare practitioners, conducting robust clinical research, and furthering the

public's understanding of cannabis, and has devoted millions of dollars toward cutting edge, commercializable research and IP development.

Spectrum Therapeutics sells a range of full-spectrum products using its colour-coded classification Spectrum system as well as

single cannabinoid Dronabinol under the brand Bionorica Ethics.

Canopy Growth operates retail stores across

Canada under its award-winning Tweed and Tokyo Smoke banners. Tweed is a globally recognized cannabis brand which has built a large

and loyal following by focusing on quality products and meaningful customer relationships.

From our historic public listing on the Toronto

Stock Exchange and New York Stock Exchange to our continued international expansion, pride in advancing shareholder value through

leadership is engrained in all we do at Canopy Growth. Canopy Growth has established partnerships with leading sector names including

cannabis icons Snoop Dogg and Seth Rogen, breeding legends DNA Genetics and Green House Seeds, and Fortune 500 alcohol leader Constellation

Brands, to name but a few. Canopy Growth operates eleven licensed cannabis production sites with over 4.7 million square feet of

production capacity, including over one million square feet of GMP certified production space. For more information visit www.canopygrowth.com

Headquartered in New York City, Acreage is

the largest vertically integrated, multi-state owner of cannabis licenses and assets in the U.S. with respect to the number of

states with cannabis related licenses, according to publicly available information. Acreage owns licenses to operate or has

management services or consulting agreements in place with license holders to assist in operations in 20 states (including pending

acquisitions) with a population of approximately 180 million Americans, and an estimated 2022 total addressable market of more

than $17 billion in legal cannabis sales, according to Arcview Market Research. Acreage is dedicated to building and scaling

operations to create a seamless, consumer-focused branded cannabis experience. Acreage's national retail store brand, The

Botanist, debuted in 2018.

Forward-Looking Statement

This news release contains "forward-looking

statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking

information" within the meaning of applicable Canadian securities legislation. Often, but not always, forward-looking statements

and information can be identified by the use of words such as "plans", "expects" or "does not expect",

"is expected", "estimates", "intends", "anticipates" or "does not anticipate",

or "believes", or variations of such words and phrases or state that certain actions, events or results "may",

"could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements

or information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance

or achievements of Canopy Growth, Acreage or their respective 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 news release.

These forward-looking statements include, but are not limited to, statements relating to the Companies' expectations with respect

to the anticipated benefits of the Transaction to the Companies and their respective security holders.

Risks, uncertainties and other factors involved

with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially