Canopy Growth Announces Modifications to Govt Management Crew

Changes are built to push execution against the Firm’s strategic priorities

SMITHS FALLS, ON, Nov. 19, 2021 /PRNewswire/ – Canopy Expansion Corporation (“Canopy Growth” or “the Enterprise“) (TSX: WEED) (NASDAQ: CGC), a entire world-leading diversified hashish, hemp, and cannabis product business, currently declared strategic variations to its Government Management Committee. Productive quickly, Mike Lee, Executive Vice President and Chief Economical Officer, and Rade Kovacevic, President and Main Products Officer will be stepping down from their respective roles on the Executive Administration Committee and will depart from the firm on December 31, 2021. In the interim, they will serve in an advisory capability to assistance changeover.

Canopy Advancement Corporation Brand (CNW Team/Cover Expansion Corporation)

“These decisions mirror Management and the Board’s vision for setting up a finest-in-class corporation that is effectively-positioned to produce very long-time period growth and shareholder benefit,” mentioned David Klein, CEO, Cover Development. “We respect Mike and Rade’s contributions to advancing Canopy Expansion to our position as a hashish business leader.”

The Firm has initiated an exterior research for both equally roles and to support a seamless changeover has named Judy Hong as interim Chief Monetary Officer and Tara Rozalowsky as interim Main Product or service Officer. In addition to serving as members of the firm’s Govt Administration Committee, both of those will report right to CEO David Klein successful quickly.

“Judy and Tara are founded leaders who have played pivotal roles all through their tenure at Canopy Advancement. I am assured in their potential to execute in opposition to our strategic priorities as we accelerate our route to profitability,” included David Klein, CEO.

About Judy Hong – Interim Chief Money Officer:
Due to the fact signing up for Canopy Expansion in 2019 as the Vice President, Trader Relations & Competitive Intelligence, Judy has strengthened Canopy’s capital market place presence by leveraging her substantial knowledge from Goldman Sachs & Co., exactly where she put in extra than 20 decades centered on the purchaser-packaged merchandise sector, and notably held the part of Handling Director of the Worldwide Financial commitment Research Division. In addition to foremost Canopy’s Trader Relations group, Judy also serves as Main of Workers to the CEO and is a member of the Government Administration Committee.

About Tara Rozalowsky – Interim Main Products Officer:
A seasoned marketing and advertising and gross sales executive, Tara has held leadership positions with iconic international CPG providers which include S.C. Johnson, and most just lately, ConAgra. At Canopy, she has held the position of Vice President, Beverage and Edibles and has productively launched a portfolio of award-successful items and models, which includes Martha Stewart CBD, and Quatreau, Canopy Growth’s initially CBD-infused beverage line.

About Canopy Progress Corporation
Cover Progress (TSX:WEED, NASDAQ:CGC) is a environment-major diversified cannabis and cannabinoid-based shopper products firm, pushed by a enthusiasm to enhance life, end prohibition, and reinforce communities by unleashing the total probable of hashish. Leveraging customer insights and innovation, we offer you product or service versions in large-good quality dried flower, oil, softgel capsule, infused beverage, edible, and topical formats, as nicely as vaporizer devices by Cover Progress and market-leader Storz & Bickel. Our worldwide professional medical model, Spectrum Therapeutics, sells a array of whole-spectrum items employing its colour-coded classification program and is a sector leader in both of those Canada and Germany. Via our award-profitable Tweed and Tokyo Smoke banners, we access our grownup-use people and have constructed a faithful following by focusing on best high quality products and solutions and meaningful consumer interactions. Cover Expansion has entered into the well being and wellness client room in important marketplaces together with Canada, the United States, and Europe through BioSteel sports diet, and This Functions skin and sleep answers and has released supplemental hemp-derived CBD products and solutions to the United States by means of our To start with & Cost-free and Martha Stewart CBD makes. Cover Expansion has an proven partnership with Fortune 500 alcoholic beverages leader Constellation Brands. For more info visit

Notice With regards to Ahead-On the lookout Details
This press release incorporates “ahead-looking statements” and “forward-seeking info” inside the indicating of applicable U.S. and Canadian securities guidelines (collectively, “forward-hunting statements”), which contain specific regarded and mysterious risks and uncertainties. Forward-searching statements forecast or describe our upcoming functions, company plans, business enterprise and investment decision procedures and the functionality of our investments. These forward-looking statements are frequently determined by their use of this kind of conditions and phrases as “intend,” “goal,” “method,” “estimate,” “anticipate,” “project,” “projections,” “forecasts,” “strategies,” “seeks,” “anticipates,” “prospective,” “proposed,” “will,” “really should,” “could,” “would,” “could,” “probably,” “built to,” “foreseeable foreseeable future,” “believe that,” “scheduled” and other comparable expressions. You are cautioned not to put undue reliance on these ahead-wanting statements, which speak only as of the day the statement was manufactured. Ahead-looking statements are always primarily based on a number of estimates and assumptions that, though regarded reasonable by administration, are inherently topic to substantial organization, economic and aggressive pitfalls, monetary effects, effects, general performance or achievements expressed or implied by those forward-wanting statements and the forward-seeking statements are not ensures of long run functionality. Appropriately, there are or will be critical variables that could lead to genuine results or benefits to differ materially from individuals indicated in these statements. A dialogue of some of the product things relevant to Cover Expansion Company (“Cover”) can be located beneath the segment entitled “Possibility Variables” in Canopy’s Once-a-year Report on Sort 10-K for the 12 months finished March 31, 2021, filed with the Securities and Trade Commission and with relevant Canadian securities regulators, as such factors may well be more up to date from time to time in its periodic filings with the Securities and Trade Fee and with relevant Canadian securities regulators, which can be accessed at and, respectively. These things must not be construed as exhaustive and really should be go through in conjunction with the other cautionary statements that are bundled in this push release and in the filings. Any forward-on the lookout statement involved in this push release is manufactured as of the date of this push launch and, other than as expected by regulation, Cover disclaims any obligation to update or revise any forward- looking assertion. Visitors are cautioned not to set undue reliance on any forward-looking statement. Ahead-seeking statements contained in this push launch are expressly certified by this cautionary assertion.



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