Canopy Growth Appoints Tom Stewart as Interim Chief Financial Officer Appointment reflects the continued execution of Canopy Growth's FY26 strategy, with a focus on financial discipline, fundamentals, and commercial exec

Canopy Growth Appoints Tom Stewart as Interim

Chief Financial Officer

Appointment reflects the continued execution

of Canopy Growth's FY26 strategy, with a focus on financial discipline, fundamentals, and commercial execution

Mr. Stewart brings over 20 years of operational

finance and accounting leadership to the interim CFO role, with deep experience in operations, compliance, and performance management

FALLS, ON. July 9, 2025 - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX:

WEED) (Nasdaq: CGC), a world-leading cannabis company dedicated to unleashing the power of cannabis to improve lives, today announced

the appointment of Tom Stewart as Interim Chief Financial Officer, effective immediately.

Mr. Stewart succeeds Judy Hong, who served as Canopy Growth's

Chief Financial Officer since April 2022. During her tenure, Ms. Hong played a key role in improving the Company's capital

structure and significantly strengthening its financial position. Canopy Growth thanks Ms. Hong for her leadership and support of

its strategic vision.

Mr. Stewart is an accomplished finance executive with over 20

years of experience with public companies, including accounting, reporting, FP&A, and operational finance. He joined Canopy Growth

in 2019 as Chief Accounting Officer, following 10 years in increasingly senior finance roles at Constellation Brands, Inc. Mr. Stewart

began his career at PricewaterhouseCoopers and is a Certified Public Accountant in the state of New York.

Mr. Stewart's appointment is part of the Company's

continued execution of its Fiscal 2026 strategy, which includes a sharpened focus on operational efficiency, disciplined capital management,

and building a sustainable, performance-led business. His background in performance-driven consumer packaged goods finance and accounting

makes him well-suited to support Canopy Growth's financial and operational priorities in this next phase.

"Tom has been a core member of our finance leadership team and

is the right person to step into this role at a critical time," said Luc Mongeau, Chief Executive Officer. "His background

brings the right balance of financial rigor and operational insight to support our goals around efficiency, profitability, and long-term

"I'm proud to take on this role and support Canopy Growth

as we move with purpose into our next phase," said Tom Stewart. "I believe in the strength of this team and the long-term

opportunity in the sector. My focus will be on disciplined execution, fundamentals, and building a strong financial platform as we pursue

The Company has initiated a formal search for a permanent Chief Financial

Director, Communications

Director, Investor Relations

Canopy Growth is a world-leading cannabis company dedicated to unleashing

the power of cannabis to improve lives.

Through an unwavering commitment to consumers, Canopy Growth delivers

innovative products from owned and licensed brands including Tweed, 7ACRES, DOJA, Deep Space, and Claybourne, as well as category defining

vaporization devices by Storz & Bickel. In addition, Canopy Growth serves medical cannabis patients globally with principal operations

in Canada, Europe and Australia.

Canopy Growth has also established a comprehensive ecosystem to realize

the opportunities presented by the U.S. THC market through an unconsolidated, non-controlling interest in Canopy USA, LLC ("Canopy

USA"). Canopy USA's portfolio includes ownership of Acreage Holdings, Inc., a vertically integrated multi-state cannabis

operator with operations throughout the U.S. Northeast and Midwest, as well as ownership of Wana Wellness, LLC, The Cima Group, LLC, and

Mountain High Products, LLC, a leading North American edibles brand, and majority ownership of Lemurian, Inc. , a California-based

producer of high-quality cannabis extracts and clean vape technology.

At Canopy Growth, we're shaping a future where cannabis is embraced

for its potential to enhance well-being and improve lives. With high-quality products, a commitment to responsible use, and a focus on

enhancing the communities where we live and work, we're paving the way for a better understanding of all that cannabis can offer.

information visit www.canopygrowth.com.