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Please Activate what?

I suggest you start your own discussion and state your question clearly.

Basically Yes you will.

As the other 2 posts above have pointed out there are some steps you need to take before or just after you cancel your subscription and ONE you need to do right now. That one is make a Complete, Full, All inclusive Copy of all your images. Then make a copy of that copy of all your images.

Don't you have backups of everything anyway? If not, you are setting yourself up for disaster.

If you cancel you will be converted to free membership which includes 2gb of storage. If you have assets over this limit on the cloud you will get 90 days grace period to download it, after that you may lose access to some assets. See the following for official word

https://helpx.adobe.com/in/creative-cloud/faq.html

-Manan