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Canopy Growth Announces New Chair of the Board of Directors

Key Takeaway: Canopy Growth Announces New Chair of the SMITHS FALLS, ON, Oct. 10, 2019 /CNW/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NYSE: CGC) is pleased to announce that David Klein has been appointed Chair of its Board of Directors effective immediatel

Full Press Release Details

Canopy Growth Announces New Chair of the
SMITHS FALLS, ON, Oct. 10, 2019 /CNW/ - Canopy
Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NYSE: CGC) is pleased to announce that David
Klein has been appointed Chair of its Board of Directors effective immediately.
Canopy Growth Announces New Chair of the Board
of Directors (CNW Group/Canopy Growth Corporation)
Mr. Klein currently serves as the Executive
Vice President and Chief Financial Officer of Constellation Brands, Inc. He has held numerous executive positions in the finance
sector over the past 30 years, with a track record of excellence. Mr. Klein specializes in corporate strategy, all aspects of finance
and accounting, investor relations, mergers and acquisitions, and information technology. He has served as a Director on Canopy
Growth's Board since 2018.
"Canopy Growth is honored to welcome this
exceptional leader as Chair of our Board of Directors," said Mark Zekulin, CEO, Canopy Growth. "David's leadership has
been extremely valuable to our Board at this pivotal moment in Canopy Growth's history, and I am confident that he will continue
to add value in his new capacity as Board Chair in the years ahead."
"I'm excited to serve as Canopy Growth's
new Chair of the Board of Directors," said Klein. "There is no company better positioned to win in the emerging global
cannabis market. I look forward to continuing to work with Canopy Growth's very talented leadership team to position the company
for long-term, industry-leading profitable growth."
Canopy Growth would like to extend sincere
thanks to John Bell for his role as interim Chair over the past few months. Mr. Bell will remain as a Director on the Board and
will continue to provide the expertise and sound guidance that has been instrumental in the Company's success to-date.
Here's to Future Growth (and leadership).
About Canopy Growth Corporation
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
Notice Regarding Forward Looking Statements
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 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 news release. Examples of such statements include statements with respect to leadership changes and transitions. Risks,
uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects
and opportunities to differ materially from those expressed or implied by such forward-looking information, including the Company's
ability to satisfy provincial sales contracts or provinces purchasing all cannabis allocated to them, and such risks contained
in the Company's annual information form dated June 27, 2018 and filed with Canadian securities regulators available on the Company's
issuer profile on SEDAR at www.sedar.com. Although the Company believes that the assumptions and factors used in preparing the
forward-looking information or forward-looking statements in this news release are reasonable, undue reliance should not be placed
on such information and no assurance can be given that such events will occur in the disclosed time frames or at all. The forward-looking
information and forward-looking statements included in this news release are made as of the date of this news release and the Company
does not undertake an obligation to publicly update such forward-looking information or forward-looking information to reflect
new information, subsequent events or otherwise unless required by applicable securities laws.
SOURCE Canopy Growth Corporation
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For further information: Caitlin O'Hara, Media Relations,
Caitlin.Ohara@canopygrowth.com, 613-291-3239; Investor Relations, Tyler Burns, Tyler.Burns@canopygrowth.com, 855-558-9333 ext.
CO: Canopy Growth Corporation
CNW 07:00e 10-OCT-19
Last updated: Oct 10, 2019