New York Hemp Industrial Park Update Canopy Growth will transform the (appropriately spotless former vacuum parts) building this summer in Kirkwood, NY for previously announced Hemp Industrial Park SMITHS FALLS, ON and K

New York Hemp Industrial Park Update

Canopy Growth will transform the (appropriately

spotless former vacuum parts) building this summer in Kirkwood, NY for previously announced Hemp Industrial Park

SMITHS FALLS, ON and KIRKWOOD, NY, April

29, 2019 /CNW/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NYSE: CGC)

is pleased to announce a key milestone in establishing its Hemp Industrial Park in the Southern Tier region of New York State.

The Company has secured a 308,000 sq. ft. facility

on a 48-acre property in Kirkwood, NY. Design activities will commence immediately with construction commencing this summer. The

vision for the property is to build the infrastructure necessary to support hemp-derived cannabinoid extraction and related manufacturing

together with providing an opportunity for participation by other businesses in the hemp industry.

"As we establish a stronger foothold in

the exciting US market, we want to do so in a way that prioritizes local vendors and creates meaningful career opportunities for

people in the communities where we operate," said Bruce Linton, Chairman & co-CEO, Canopy Growth. "The vision for

our investment is to create an eco-system that inspires new entrepreneurs and generates more economic stimulus than a single company

can offer. As we build the facilities, we'll also attract like-minded businesses who share our excitement for the emerging hemp

and hemp-derived cannabinoid markets."

The Company will begin hiring senior leadership

in late 2019 and recruit the full workforce in mid 2020. Canopy Growth has also begun securing farm capacity to supply enough hemp

for its own future extraction and formulation activities within the park. The Company intends to prioritize farms within New York

State for the supply of hemp at this site.

"We welcome Canopy Growth to Broome County

with open arms. We haven't seen an investment like this in Broome in some time, and we're so excited a company like them is setting

up shop in our area," said Broome County Executive Jason Garnar. "With Canopy Growth coming to Broome County we look

forward to seeing the benefits in job investment."

With the location secured, Canopy Growth expects

work to commence quickly on Pine Camp Drive and with local contracted construction teams retrofitting the facility, operations

will scale-up quickly. It is anticipated that the operations will create hundreds of new local full-time positions, in addition

to the contracted construction workers.

New York State granted a hemp licence to Canopy

Growth in January of this year, allowing the Company to establish operations in the state and build a facility for hemp-derived

cannabinoid extraction and processing for various applications. The new hemp facility will be capable of producing tons of hemp

extract on an annual basis.

The Company will begin approaching third-party

organizations to join the ecosystem. Canopy Growth is eager to attract businesses and researchers focused on every application

of the hemp crop such as fibers, seeds, and hemp-derived cannabinoids. Since announcing intent in January 2019, the Company has

worked closely with US government officials at all levels. From the local government and economic development officials, the New

York Farm Bureau, to state representatives, Governor Cuomo's office, and Senator Schumer's office, Canopy Growth wishes to

thank these key stakeholders for their commitment to building a hub for hemp innovation and entrepreneurship in the Southern Tier.

Here's to Future Growth.

Canopy Growth (TSX:WEED, NYSE:CGC) 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 4.3 million square feet of production capacity, including over one million square

feet of GMP certified production space. The Company operates Tweed retail stores in Newfoundland and Manitoba and has entered into

supply agreements with every Canadian province and territory. 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 timelines for hiring and construction activities.

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 07:19e 29-APR-19