Canopy Growth Announces Strategic Recapitalization Transactions Significantly Strengthening Balance Sheet to Support Growth Strategy


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 the Company 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 and uncertainties include statements with respect to the Company’s debt extinguishment; expectations regarding cash on hand following the closings of the Transactions; the expected benefits of the Transactions, including the Company’s strengthened financial position, opportunities for growth and strategic scaling; the ability to advance to sustained Adjusted EBITDA profitability; the expected closing date of the Transactions, including the satisfaction or waiver of the closing conditions set out in the Loan Agreement and the Exchange Agreement; the anticipated issuance of the Loan Warrants, Common Shares, Debentures and Investor Warrants in connection with the Transactions; expectations regarding the use of proceeds from the Loan Transaction; and expectations for other economic, business, and/or competitive factors.



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