Constellation Invests Additional $4 Billion in Cannabis Company Canopy Growth

Dear Client: Constellation Brands is furthering its strategic partnership with cannabis company Canopy Growth Corporation with an additional $4 billion investment. This will increase Constellation's ownership to approximately 38%. As a result, Constellation will now nominate four directors to Canopy Growth's seven-member Board of Directors. Founded in 2013, Canopy Growth is an industry leader in Canada, and has established a global presence in 11 countries through its subsidiaries Tweed and Spectrum Cannabis. The additional funds will allow it to "fully