FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      
1. Name and Address of Reporting Person * Greenstar II Holdings LLC 2. Date of Event Requiring Statement (MM/DD/YYYY)
4/29/2021 

3. Issuer Name and Ticker or Trading Symbol Canopy Growth Corp [CGC]
(Last)       (First)       (Middle)
207 HIGH POINT DRIVE, BUILDING 100
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)_____ Director                          ___X___ 10% Owner
_____ Officer (give title below)        _____ Other (specify below)
(Street)
VICTOR, NY 14564      
(City)             (State)             (Zip)
5. If Amendment, Date Original Filed(MM/DD/YYYY)
 

6. Individual or Joint/Group Filing(Check Applicable Line)___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Shares  104500000  I  by CBG Holdings LLC (1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Tranche A Warrants (right to buy)  11/1/2018  11/1/2023  Common Shares  88472861.0   (2) I  by CBG Holdings LLC (1)
Tranche B Warrants (right to buy)   (3) 11/1/2026  Common Shares  38454444.0   (4) I  by CBG Holdings LLC (1)

Explanation of Responses:
(1)  These shares are owned directly by CBG Holdings, LLC ("CBG"), which is a wholly-owned subsidiary of Greenstar II LLC ("GSII"), which is a wholly-owned subsidiary of Greenstar II Holdings LLC ("GSII Holdings"), which is a wholly-owned subsidiary of Constellation Brands, Inc. ("CBI"). On April 29, 2021, GSII and GSII Holdings became indirect beneficial owners of these reported shares. (CBG and CBI have previously reported their ownership in such shares.)
(2)  These warrants have an exercise price of CAD 50.40, which, when using the exchange rate on May 3, 2021, is equivalent to $41.05.
(3)  These warrants became exercisable upon the full exercise of the Tranche A Warrants.
(4)  These warrants have an exercise price of CAD 76.68, which, when using the exchange rate on May 3, 2021, is equivalent to $62.45.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Greenstar II Holdings LLC
207 HIGH POINT DRIVE
BUILDING 100
VICTOR, NY 14564

X

Greenstar II LLC
207 HIGH POINT DRIVE
BUILDING 100
VICTOR, NY 14564

X


Signatures
/s/ H. Elaine Ziakas, Assistant Secretary of Greenstar II Holdings LLC 5/4/2021
**Signature of Reporting Person Date
/s/ H. Elaine Ziakas, Assistant Secretary of Greenstar II LLC 5/4/2021
**Signature of Reporting Person Date