FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
CONSTELLATION BRANDS, INC.
  2. Issuer Name and Ticker or Trading Symbol
Canopy Growth Corp [CGC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
207 HIGH POINT DRIVE, BUILDING 100
3. Date of Earliest Transaction (Month/Day/Year)
05/01/2020
(Street)

VICTOR, NY 14564
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Shares 05/01/2020   X   9,438,451 A (1) 28,315,352 I by Greenstar Canada Investment Limited Partnership (2)
Common Shares 05/01/2020   X   9,438,450 A (1) 37,753,802 I by Greenstar Canada Investment Limited Partnership (2)
Common Shares               104,500,000 I by CBG Holdings LLC (3)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Tranche 1 Warrants (right to buy) (1) 05/01/2020   X     9,438,451 08/01/2018 05/01/2020 Common Shares 9,438,451.00 $ 0 0 I by Greenstar Canada Investment Limited Partnership (2)
Tranche 2 Warrants (right to buy) (1) 05/01/2020   X     9,438,450 02/01/2019 05/01/2020 Common Shares 9,438,450.00 $ 0 0 I by Greenstar Canada Investment Limited Partnership (2)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
CONSTELLATION BRANDS, INC.
207 HIGH POINT DRIVE
BUILDING 100
VICTOR, NY 14564
    X    
Greenstar Canada Investment Limited Partnership
1055 WEST HASTINGS STREET
SUITE 1700
VANCOUVER, A1 V6E 2E9
    X    
Greenstar Canada Investment Corp
1055 WEST HASTINGS STREET
SUITE 1700
VANCOUVER, A1 V6E 2E9
    X    
Constellation Brands Canada Holdings ULC
QUEEN'S MARQUE
600-1741 LOWER WATER STREET
HALIFAX, A5 B3J 0J2
    X    
CONSTELLATION INTERNATIONAL HOLDINGS LTD
207 HIGH POINT DRIVE
BUILDING 100
VICTOR, NY 14564
    X    
Constellation Capital LLC
207 HIGH POINT DRIVE
BUILDING 100
VICTOR, NY 14564
    X    

Signatures

 /s/ H. Elaine Ziakas, Assistant Secretary of Constellation Brands, Inc.   05/04/2020
**Signature of Reporting Person Date

 /s/ Barbara J. LaVerdi, Secretary of Greenstar Canada Investment Corporation acting as General Partner of Greenstar Canada Investment Corporation Limited Partnership   05/04/2020
**Signature of Reporting Person Date

 /s/ H. Elaine Ziakas, Assistant Secretary of Constellation Brands Canada Holdings ULC   05/04/2020
**Signature of Reporting Person Date

 /s/ H. Elaine Ziakas, Assistant Secretary of Constellation International Holdings Limited   05/04/2020
**Signature of Reporting Person Date

 /s/ Barbara J. LaVerdi, Secretary of Greenstar Canada Investment Corporation   05/04/2020
**Signature of Reporting Person Date

 /s/ H. Elaine Ziakas, Assistant Secretary of Constellation Capital LLC   05/04/2020
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) These warrants have an exercise price of CAD 12.9783, which, when using the exchange rate on May 1, 2020, is equivalent to $9.2117.
(2) These shares are owned directly by Greenstar Canada Investment Limited Partnership, which partners are Greenstar Canada Investment Corporation ("GCIC") and Constellation Brands Canada Holdings ULC ("CBCH"). CBCH is a wholly-owned subsidiary of Constellation Capital LLC ("CC"), which is a wholly-owned subsidiary of Constellation International Holdings Limited ("CIHL"), which is a wholly-owned subsidiary of Constellation Brands, Inc. GCIC, CBCH, CC, CIHL and Constellation Brands, Inc. are indirect beneficial owners of the reported shares.
(3) These shares are owned directly by CBG Holdings LLC, which is a wholly-owned subsidiary of Constellation Brands, Inc.

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