Canopy Growth Corp

Amendment to David Klein Employment Agreement

On May 28, 2024, the Company and David Klein entered into an amendment (the “Amendment”) to Mr. Klein’s employment, dated December 8, 2019 and amended on June 8, 2021 and June 14, 2024 (the “Klein Agreement”). Pursuant to the Amendment, effective June 8, 2024, Mr. Klein's base salary will be adjusted from US$975,000 to US$750,000. In accordance with the Amendment, in addition to the long-term incentive award he is entitled to under the Klein Agreement, in 2025, Mr. Klein will receive a one time equity grant valued at US$500,000 divided equally between Options and RSUs, with both the Options and the RSUs each vesting one year from the grant date. In addition, the severance provisions of the Klein Agreement have been amended to maintain the total approximate value as his current agreement. Accordingly, in accordance with the Amendment, Mr. Klein will now be entitled to a fixed distribution of $1,950,000 upon his severance from the Company under certain circumstances specified in the Klein Agreement, instead of the previous provision of two times his base salary. Furthermore, in accordance with the Amendment, Mr. Klein will now be eligible for a severance benefit of 2.5 times the average actual short-term incentive amount paid to him over the previous two years, replacing the previous calculation of two times.

Rule 10b5-1 Trading Arrangements

During the three months ended March 31, 2024, no director or officer (as defined in Rule 16a-1(f) of the Exchange Act) informed us of theadoption ortermination a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement”, as each term is defined in Item 408(c) of Regulation S-K.