Canopy Growth Corporation announced in connection with the termination of the Investor Rights Agreement and subsequent to the Note Exchange, on April 18, 2024, Garth Hankinson, Judy Schmeling and James Sabia (collectively, the CBG Nominees) each provided notice to the Company of his or her decision to resign from the Board effective immediately (the CBI Resignations). Each of the CBG Nominees had been a nominee of the CBG Group under the Investor Rights Agreement. Ms. Schmeling had served as Chair of the Board and as a member of the Audit Committee of the Board, and Mr. Sabia had served as a member of the Corporate Governance, Compensation and Nominating Committee of the Board (the CGCN Committee).

None of the CBI Resignations were the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. Following the CBI Resignations, the Board is now comprised of: David Lazzarato (Chair of the Board, Member of the Audit Committee and Member of the CGCN Committee); Willy Kruh (Director and Chair of the Audit Committee); Theresa Yanofsky (Director, Chair of the CGCN Committee and Member of the Audit Committee); Luc Mongeau (Director and Member of the CGCN Committee); and David Klein (Chief Executive Officer and Director).