2018-06-29 07:07 ET - News Release

Mr. Mark Zekulin reports

CANOPY GROWTH COMPLETES SUPPLY AGREEMENT WITH THE MANITOBA LIQUOR AND LOTTERIES CORPORATION

Canopy Growth Corp. has completed an agreement with Manitoba Liquor and Lotteries Corp. (MBLL) to supply the province with high-quality cannabis products.

Under the terms of the agreement, Canopy Growth will supply the Manitoba market with up to 6,500 kilograms of cannabis products over the next 12 months to meet demand from the adult-use recreational cannabis market set to open on Oct. 17, 2018. Manitobans can look forward to an industry-leading lineup of products from Tweed, the best-known cannabis brand in Canada, as well as partner brands including DNA Genetics and Leafs By Snoop.

The MBLL also retains the right to extend the agreement for up to an additional 12 months. Additionally, Canopy Growth is positioned to increase supply at the request of the MBLL.

"Signing a supply agreement with Canopy Growth ensures that Manitoba residents will have access to a reliable supply of the most exciting brands and cannabis products available," said Mark Zekulin, president, Canopy Growth. "As we move closer to a legal adult use cannabis market, supply agreements like this directly support Canopy Growth's strategy for capturing and increasing market share."

This agreement builds upon the conditional acceptance of the consortium application submitted by Canopy Growth and Delta 9 Cannabis Inc. to operate retail locations in the province. Manitoba is the third province, in addition to Saskatchewan and Newfoundland and Labrador, where adult-use consumers can look forward to receiving a Tweed-branded experience in a brick-and-mortar environment. Additionally, Canopy Growth expects to make an announcement on the locations of its retail stores across the province in the near future.

As an indication of its readiness for the recreational market, Canopy Growth has completed supply agreements with five provinces and one territory, including New Brunswick, Newfoundland and Labrador, Prince Edward Island, Quebec, Yukon, and now Manitoba, totalling 31,500 kilograms of diversified cannabis products in the first year of legal sales with varying incremental multiyear obligations by province.

With an industry-leading production platform, completed supply agreements, and dedicated retail where allowed by provincial regulations, Canopy Growth is well positioned to meet the demand from this new and exciting market in Manitoba and across Canada.

About Canopy Growth Corp.

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.

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