STORZ & BICKEL Unveils New Limited Edition VOLCANO ONYX, Enhanced CRAFTY+ and First-Ever MIGHTY+

Highly anticipated vape line-up features brand's signature sleek designs and superior craftsmanship

 STORZ & BICKEL GmbH ("STORZ & BICKEL"), a subsidiary of world-leading diversified cannabis, hemp, and vaporization company Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC), today announced the release of three new vaporizer updates: the limited edition VOLCANO ONYX, the enhanced CRAFTY+, and the first-ever MIGHTY+. Engineered with cutting-edge technology, these enhancements to STORZ & BICKEL's iconic portfolio demonstrate the brand's continued leadership in the high-potential vaporizer industry.

"STORZ & BICKEL has spent the past 20 years developing the world's most prestigious vaporizer models, consistently defining and refining the gold standard of consumer safety and best-in-class performance," said Jürgen Bickel, Founder and Managing Director, STORZ & BICKEL.

"We're raising the bar for the industry once more with an innovative approach to an iconic lineup, featuring the entirely new VOLCANO model alongside upgrades to the most sought-after handheld vaporizers to deliver what connoisseurs and collectors value most: an unmatched vaporization experience."

The highly anticipated new lineup features the following upgrades:

• VOLCANO   HYBRID ONYX Edition: $699 ; VOLCANO CLASSIC ONYX Edition: $479  
  The iconic STORZ & BICKEL desktop VOLCANO CLASSIC and VOLCANO HYBRID get a limited-edition luxury update, with a sleek matte black exterior, finished with a damage-resistant powder coating for maximum longevity. Perfect for long-time brand enthusiasts, this premium, highly collectible edition is available just in time for holiday giving.
  
  
• CRAFTY   +, $279  
  The enhanced CRAFTY+ model features a USB-C socket which reduces charging time by 25 minutes and a ceramic-coated filling chamber to make it even more resistant to scratches and damages.
  
  
• MIGHTY   +, $399  
  The MIGHTY+ vaporizer features a USB-C socket and super-charge functionality delivering 80% charge in 40 minutes, a pre-set Superbooster temperature, and a 60-second rapid heat up time. The optimized design includes a hands-free stand and ceramic-coated filling chamber to make it even more resistant to scratches and damages.

Availability:

• The limited edition VOLCANO ONYX goes on sale at 12:01 a.m. Eastern Time on Thursday , September 9, 2021, at www.storz-bickel.com while supplies last.
• The CRAFTY+ goes on sale September 16 at www.storz-bickel.com/
• The MIGHTY+ goes on sale September 23 at www.storz-bickel.com/

For more information about STORZ & BICKEL, visit www.storz-bickel.com .

About Canopy Growth Corporation
Canopy Growth (TSX:WEED,NASDAQ:CGC ) is a world-leading diversified cannabis and cannabinoid-based consumer product company, driven by a passion to improve lives, end prohibition, and strengthen communities by unleashing the full potential of cannabis. Leveraging consumer insights and innovation, we offer product varieties in high quality dried flower, oil, softgel capsule, infused beverage, edible, and topical formats, as well as vaporizer devices by Canopy Growth and industry-leader Storz & Bickel. Our global medical brand, Spectrum Therapeutics, sells a range of full-spectrum products using its colour-coded classification system and is a market leader in both Canada and Germany . Through our award-winning Tweed and Tokyo Smoke banners, we reach our adult-use consumers and have built a loyal following by focusing on top quality products and meaningful customer relationships. Canopy Growth has entered into the health and wellness consumer space in key markets including Canada , the United States , and Europe through BioSteel sports nutrition, and This Works skin and sleep solutions; and has introduced additional hemp-derived CBD products to the United States through our First & Free and Martha Stewart CBD brands. Canopy Growth has an established partnership with Fortune 500 alcohol leader Constellation Brands. For more information visit https://www.canopygrowth.com/ .

Notice Regarding Forward Looking Statements
This press release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable U.S. and Canadian securities laws (collectively, "forward-looking statements"), which involve certain known and unknown risks and uncertainties. Forward-looking statements predict or describe our future operations, business plans, business and investment strategies and the performance of our investments. These forward-looking statements are generally identified by their use of such terms and phrases as "intend," "goal," "strategy," "estimate," "expect," "project," "projections," "forecasts," "plans," "seeks," "anticipates," "potential," "proposed," "will," "should," "could," "would," "may," "likely," "designed to," "foreseeable future," "believe," "scheduled" and other similar expressions. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. Forward–looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive risks, financial results, results, performance or achievements expressed or implied by those forward–looking statements and the forward–looking statements are not guarantees of future performance. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. A discussion of some of the material factors applicable to Canopy Growth Corporation ("Canopy") can be found under the section entitled "Risk Factors" in Canopy's Annual Report on Form 10-K for the year ended March 31, 2021, filed with the Securities and Exchange Commission and with applicable Canadian securities regulators, as such factors may be further updated from time to time in its periodic filings with the Securities and Exchange Commission and with applicable Canadian securities regulators, which can be accessed at www.sec.gov/edgar and www.sedar.com, respectively. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in the filings. Any forward–looking statement included in this press release is made as of the date of this press release and, except as required by law, Canopy disclaims any obligation to update or revise any forward–looking statement. Readers are cautioned not to put undue reliance on any forward–looking statement. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

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SOURCE Canopy Growth Corporation