Company Announcements

Award recognizes innovation and technical excellence in vaporization technology

SMITHS FALLS, Ontario--(BUSINESS WIRE)--Jul. 8, 2025-- Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (Nasdaq: CGC), a world-leading cannabis company dedicated to unleashing the power of cannabis to improve lives, is pleased to share that Storz & Bickel has been awarded Equipment Provider of the Year at the 2025 Business of Cannabis Awards, held during the Cannabis Europa conference in London.

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Storz & Bickel Named “Equipment Provider of the Year” at Business of Cannabis Awards 2025

The award recognizes companies delivering best-in-class equipment across the cannabis value chain - from cultivation and extraction to packaging and vaporization. Winners are selected by a panel of independent industry judges following a multi-step evaluation based on written submissions.

Storz & Bickel’s nomination, Pioneering Precision in Cannabis Vaporization, showcased the brand’s nearly three-decade leadership in vaporization. Known for their engineering precision and product durability, highlights from the submission included:

• The iconic VOLCANO tabletop vaporizer, launched in 2000 with patented convection technology.
• The VENTY, released in 2024, offering rapid 20-second heat-up, adjustable airflow up to 20 L/min, and full temperature control.
• Broad impact across both medical and recreational markets, with the VOLCANO MEDIC certified for medical use in several countries, as well as notable culinary applications by global chefs.

“Storz & Bickel continues to raise the bar for what’s possible in vaporization technology,” said Luc Mongeau, Chief Executive Officer, Canopy Growth. “This award is a testament to their commitment to innovation, precision, and delivering a world-class vaporization experience to adult consumers and patients around the world.”

Storz & Bickel’s vaporizers are available in over 120 countries and trusted by medical patients and wellness consumers. Their reputation is built on precision engineering, product reliability, and compliance with international quality standards like ISO 13485.

“We’re honored to be recognized with awards like these, which reflect the dedication of our entire team to pushing the boundaries of vaporization technology,” said Jürgen Bickel, Co-Founder and Managing Director, Storz & Bickel. “From the VOLCANO to the VENTY, our focus has always been on engineering high-performance, reliable devices that meet the needs of patients and adult consumers around the world.”

The Business of Cannabis Award adds to a growing list of recent honours for Storz & Bickel. The VENTY was named “Vaporizer of the Year” at The EMJAYs¹ and “Best Portable Vaporizer” by Vaping360². The company also picked up American Accessory Brand of the Year from ADCANN³ and its Marketing and PR efforts earned first prize at the 2024 MarCom Awards for event execution⁴.

About Canopy Growth
Canopy Growth is a world-leading cannabis company dedicated to unleashing the power of cannabis to improve lives.

Through an unwavering commitment to our consumers, Canopy Growth delivers innovative products with a focus on premium and mainstream cannabis brands including Tweed, 7ACRES, DOJA, Deep Space and Claybourne, as well as category-defining vaporization devices by Storz & Bickel. In addition, Canopy Growth serves medical cannabis patients globally with principal operations in Canada, Europe and Australia.

Canopy Growth has also established a comprehensive ecosystem to realize the opportunities presented by the U.S. THC market through an unconsolidated, non-controlling interest in Canopy USA. Canopy USA’s portfolio includes ownership of Acreage Holdings, a vertically integrated multi-state cannabis operator with operations throughout the U.S. Northeast and Midwest, as well as ownership of Wana Brands, a leading North American edibles brand, and majority ownership of Jetty Extracts, a California-based producer of high-quality cannabis extracts and clean vape technology.

At Canopy Growth, we’re shaping a future where cannabis is embraced for its potential to enhance well-being and improve lives. With high-quality products, a commitment to responsible use, and a focus on enhancing the communities where we live and work, we’re paving the way for a better understanding of all that cannabis can offer.

For more information visit www.canopygrowth.com.

About STORZ & BICKEL GmbH:
STORZ & BICKEL GmbH is the global leading manufacturer of high-end and medically certified cannabis vaporizers. With their commitment to quality, innovation, and compliance, the company has consistently delivered exceptional products that meet the highest industry standards. Based in Tuttlingen, Germany, STORZ & BICKEL continuously drives the advancement of vaporization technology, providing a safe and efficient means of consuming cannabis for medical purposes.

For more information, visit www.storz-bickel.com/www.vapormed.com

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More Information
Alex Thomas
Director, Communications
alex.thomas@canopygrowth.com

Investor Contact
Tyler Burns
Director, Investor Relations
tyler.burns@canopygrowth.com

Source: Canopy Growth Corporation