Canopy Growth to join the S&P/TSX 60 Index

Canopy Growth to join the S&P/TSX

SMITHS FALLS, ON, April 12, 2019 /CNW/ - Canopy

Growth Corporation (TSX: WEED) (NYSE: CGC) ("Canopy Growth" or "the Company") today announced that the Company

is to join the S&P/TSX 60 Index, achieving another public market "first" for the cannabis industry.

Canopy Growth to join the S&P/TSX 60 Index

(CNW Group/Canopy Growth Corporation)

"Being added to the S&P/TSX 60 Index

marks another major accomplishment for our company, team, and shareholders," said Bruce Linton, Founder, Chairman & Co-CEO.

"First traded on the TSX Venture Exchange on April 4, 2014, I cannot think of a better way to celebrate our 5th

year anniversary as a publicly traded company, than being added to the TSX's large-cap index."

The addition of the Company to the S&P/TSX

60 Index will be effective prior to the commencement of trading on April 18, 2019.

To be eligible for inclusion on the S&P/TSX

60 Index, securities must meet certain market capitalization, liquidity and domicile requirements. For more information on

the S&P/TSX Composite Index, please visit https://ca.spindices.com/indices/equity/sp-tsx-60-index.

About Canopy Growth Corporation

Canopy Growth is a world-leading diversified cannabis and hemp company, offering distinct brands and curated cannabis varieties

in dried, oil and Softgel capsule forms. Canopy Growth offers medically approved vaporizers through the Company'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. The Company has

operations in over a dozen countries across five continents.

The Company is proudly dedicated to educating

healthcare practitioners, conducting robust clinical research, and furthering the public's understanding of cannabis, and through

its wholly owned subsidiary, Canopy Health Innovations ("Canopy Health"), has devoted millions of dollars toward cutting

edge, commercializable research and IP development. Canopy Growth works with the Beckley Foundation and has launched Beckley Canopy

Therapeutics to research and develop clinically validated cannabis-based medicines, with a strong focus on intellectual property

protection. Canopy Growth acquired assets of leading hemp research company, ebbu, Inc. ("ebbu"). Intellectual Property

("IP") and R&D advancements achieved by ebbu's team apply directly to Canopy Growth's hemp and THC-rich cannabis

genetic breeding program and its cannabis-infused beverage capabilities. Through partly owned subsidiary Canopy Rivers Corporation,

the Company is providing resources and investment to new market entrants and building a portfolio of stable investments in the

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 icon Snoop Dogg, breeding legends DNA Genetics and Green House seeds, Battelle, the world's largest nonprofit research

and development organization, and Fortune 500 alcohol leader Constellation Brands, to name but a few. Canopy Growth operates ten

licensed cannabis production sites with over 4.4 million square feet of production capacity, including over 500,000 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 inclusion in public market indexes. 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.

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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 09:04e 12-APR-19