As further described below, as a result of the dilution in respect of the Offering (as defined below) completed by the Company in June 2024, the Company expects that the Exchange Ratio (as defined below) relating to the Fixed Shares (as defined below) will be significantly reduced. The reduction of the Exchange Ratio will result in fewer common shares (the " Canopy Shares ") of Canopy Growth Corporation (" Canopy ") ( TSX:WEED, NASDAQ:CGC ) issuable to each holder of Class E subordinate voting shares of the Company (the " Fixed Shares ") ( CSE: ACRG.A.U, OTCQX: ACRHF ). As a result of the material impact of the Offering it is anticipated that the current holders of Fixed Shares will receive zero value upon closing of the Acquisitions. The Company expects that the Floating Share Exchange Ratio (as defined below) will remain as provided in the Floating Share Arrangement Agreement (as defined below).