Canopy Growth’s Deep Space brand expands product offering with new 10 mg THC infused drink flavor and 10 mg THC infused Deep Space XPRESS gelatins

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The 10 mg THC infused drink and Deep Space XPRESS gummies offer new flavors and innovations to meet growing consumer demand for more potent products.

SMITHS FALLS, ON, November 3, 2021 / CNW / – Canopy Growth Corporation (“Canopy growth” Where “the company“) (TSX: WEED) (NASDAQ: CGC), a global leader in the diversification of cannabis, hemp and cannabis-related products, today announced two new product offerings under its brand Deep Space – Limon Splashdown, a lemon-lime flavor that extends the existing 10 mg THC infused drink offering and Deep Space XPRESS, the Company’s first unique 10 mg THC gummy candy offering in Canada.

10mg THC Infused Beverage and 10mg THC Infused XPRESS Gum Offer New Flavor and Innovation to Meet Growing Consumer Demand (CNW Group / Canopy Growth Corporation)

Limon Splashdown, Deep Space’s new 10mg THC-infused lemon-lime drink is an addition to the brand’s original cola flavor, appealing to adult consumers seeking a citrus soda flavor. 10mg THC drinks account for 45% of total infused drink sales1 in Canada, and the original Deep Space cola is currently one of the top 5 infused drink SKUs in the Canadian recreational cannabis market.2.

The cannabis gummy candy market continues to grow, accounting for over 71% of all edibles purchased in North America,3 and Canopy Growth continues to focus on innovation within the category. Deep Space XPRESS marks Canopy’s first single 10mg THC infused candy on the Canadian market, delivering maximum legal potency per candy. Deep Space XPRESS will be available in both the original Deep Space cola and Limon Splashdown flavors, purposefully designed to match popular drink flavors, in a new gummy format.

“Since launching in 2020, Deep Space has quickly grown into a beloved beverage brand. We are excited to introduce additional flavors and formats that deliver the power and bending power that Deep Space is known for, ”said Tara Rozalowsky, Vice-President, Beverages and Edibles. “We are proud to launch our first Deep Space XPRESS 10 mg gummies in Canada, which uniquely positions Canopy to capture market share as consumers seek products that deliver both great taste and the desired effect. “

The addition of these new Deep Space product innovations builds on Canopy’s rapidly growing list of beverage and edible brands including Tweed Iced Tea and Tweed Fizz, Quatreau, Valley of the Aces gummy candies and Twd. erasers.

Deep Space Limon Splashdown and Deep Space XPRESS will be available for purchase nationwide through legal recreational cannabis outlets and e-commerce channels.

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1 Canopy Growth internal data, FY22 – September, calculated using a proprietary internal market share tool that uses point-of-sale data provided by a third-party data provider, government agencies and our own store operations retail across the country.

2 IBID

3 Headset data for US states tracked. Edible products include forms such as drinks, chocolates, and other ingestible products.

About Canopy Growth Corporation
Canopy Growth (TSX: WEED, NASDAQ: CGC) is a global leader in diverse consumer cannabis and cannabinoid products with a passion to improve lives, end prohibition and strengthen communities by unleashing the full potential of cannabis. Leveraging consumer knowledge and innovation, we offer product varieties in dried flower, oil, softgel, infused, edible and topical beverage formats, as well as sprays from Canopy Growth and industry leader Storz & Bickel. Our global medical brand, Spectrum Therapeutics, sells a line of full spectrum products using its color coded classification system and is a market leader in both Canada and Germany. Through our award-winning Tweed and Tokyo Smoke banners, we are reaching our adult consumers and building a loyal following by focusing on top quality products and meaningful customer relationships. Canopy Growth has entered the health and wellness consumer space in key markets including Canada, United States, and Europe with BioSteel Sports Nutrition and This Works Skin & Sleep Solutions; and introduced additional federally licensed CBD products for United States through our brands First & Free and Martha Stewart CBD. Canopy Growth has partnered with Fortune 500 liquor leader Constellation Brands. For more information, visit www.canopygrowth.com.

Notice regarding forward-looking information

This press release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable US 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 the use of terms and expressions such as “intention”, “objective”, “strategy”, “estimate”, “expect”, “project”, “projections”, “the forecasts “,” plans “,” seeks “,” anticipates “,” potential “,” proposed “,” will “,” should “,” could “,” would “,” could “,” likely “,” designed to “,” foreseeable future “,” believe “,” foreseen “and other similar expressions. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which the statement was made. Forward-looking statements are necessarily based on a number of estimates and assumptions which, although considered reasonable by management, are inherently subject to significant business, economic and competitive risks, financial results, results, performances or achievements expressed or implied by these statements prospective. forward-looking statements and statements are not guarantees of future performance. Therefore, there are or will be significant factors that could cause actual results to differ materially from those shown in such statements. A discussion of some of the significant factors applicable to Canopy Growth Corporation (“Canopy”) can be found in the section titled “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 applicable Canadian securities regulatory authorities, as these factors may be updated from time to time in its periodic filings with the Securities and Exchange Commission and securities regulatory authorities applicable Canadian securities, which can be viewed 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 caveats 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 place undue reliance on forward-looking statements. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

Canopy Growth's Deep Space brand expands product offering with new drink and XPRESS gum infused with 10 mg of THC (CNW Group / Canopy Growth Corporation)

Canopy Growth’s Deep Space brand expands product offering with new drink and XPRESS gum infused with 10 mg of THC (CNW Group / Canopy Growth Corporation)

SOURCE Canopy Growth Corporation

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