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Canopy Growth to acquire MTL Cannabis for $125 million

Mon, 15 Dec 2025 07:00:50 -0500

Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) announced it will acquire MTL Cannabis Corp. (CSE: MTLC) (OTCQX: MTLNF) for approximately $125 million on a fully-diluted equity basis, or $179 million on an enterprise value basis.

Under the arrangement agreement, MTL shareholders will receive 0.32 of a Canopy Growth share and $0.144 in cash for each MTL share held. The transaction represents a 45% premium to MTL's average 20-day volume weighted average price as of December 12, 2025.

MTL reported net revenue of $84 million, 51% gross margin before fair value adjustments, and $11 million in operating cash flow for the trailing twelve-month

Canopy Growth to acquire MTL Cannabis for $125 million

Mon, 15 Dec 2025 07:00:50 -0500

MTL reported net revenue of $84 million, 51% gross margin before fair value adjustments, and $11 million in operating cash flow for the trailing twelve-month

Canopy Growth to acquire MTL Cannabis for $125 million

Mon, 15 Dec 2025 07:00:50 -0500

MTL reported net revenue of $84 million, 51% gross margin before fair value adjustments, and $11 million in operating cash flow for the trailing twelve-month

Canopy Growth to acquire MTL Cannabis for $125 million

Mon, 15 Dec 2025 07:00:50 -0500

MTL reported net revenue of $84 million, 51% gross margin before fair value adjustments, and $11 million in operating cash flow for the trailing twelve-month

Canopy Growth to acquire MTL Cannabis for $125 million

Mon, 15 Dec 2025 07:00:50 -0500

MTL reported net revenue of $84 million, 51% gross margin before fair value adjustments, and $11 million in operating cash flow for the trailing twelve-month

Canopy Growth to acquire MTL Cannabis for $125 million

Mon, 15 Dec 2025 07:00:50 -0500

MTL reported net revenue of $84 million, 51% gross margin before fair value adjustments, and $11 million in operating cash flow for the trailing twelve-month

Canopy Growth to acquire MTL Cannabis for $125 million

Mon, 15 Dec 2025 07:00:50 -0500

MTL reported net revenue of $84 million, 51% gross margin before fair value adjustments, and $11 million in operating cash flow for the trailing twelve-month

Canopy Growth to acquire MTL Cannabis for $125 million

Mon, 15 Dec 2025 07:00:50 -0500

MTL reported net revenue of $84 million, 51% gross margin before fair value adjustments, and $11 million in operating cash flow for the trailing twelve-month

Canopy Growth to acquire MTL Cannabis for $125 million

Mon, 15 Dec 2025 07:00:50 -0500

MTL reported net revenue of $84 million, 51% gross margin before fair value adjustments, and $11 million in operating cash flow for the trailing twelve-month

Canopy Growth to acquire MTL Cannabis for $125 million

Mon, 15 Dec 2025 07:00:50 -0500

MTL reported net revenue of $84 million, 51% gross margin before fair value adjustments, and $11 million in operating cash flow for the trailing twelve-month

Canopy Growth to acquire MTL Cannabis for $125 million

Mon, 15 Dec 2025 07:00:50 -0500

MTL reported net revenue of $84 million, 51% gross margin before fair value adjustments, and $11 million in operating cash flow for the trailing twelve-month

Canopy Growth to acquire MTL Cannabis for $125 million

Mon, 15 Dec 2025 07:00:50 -0500

MTL reported net revenue of $84 million, 51% gross margin before fair value adjustments, and $11 million in operating cash flow for the trailing twelve-month

Canopy Growth to acquire MTL Cannabis for $125 million

Mon, 15 Dec 2025 07:00:50 -0500

MTL reported net revenue of $84 million, 51% gross margin before fair value adjustments, and $11 million in operating cash flow for the trailing twelve-month

Canopy Growth to acquire MTL Cannabis for $125 million

Mon, 15 Dec 2025 07:00:50 -0500

MTL reported net revenue of $84 million, 51% gross margin before fair value adjustments, and $11 million in operating cash flow for the trailing twelve-month

Canopy Growth to acquire MTL Cannabis for $125 million

Mon, 15 Dec 2025 07:00:50 -0500

MTL reported net revenue of $84 million, 51% gross margin before fair value adjustments, and $11 million in operating cash flow for the trailing twelve-month

Canopy Growth to acquire MTL Cannabis for $125 million

Mon, 15 Dec 2025 07:00:50 -0500

MTL reported net revenue of $84 million, 51% gross margin before fair value adjustments, and $11 million in operating cash flow for the trailing twelve-month

Canopy Growth to acquire MTL Cannabis for $125 million

Mon, 15 Dec 2025 07:00:50 -0500

MTL reported net revenue of $84 million, 51% gross margin before fair value adjustments, and $11 million in operating cash flow for the trailing twelve-month

Canopy Growth to Acquire MTL Cannabis; Transaction Expected to Create Canada’s Leading Medical Cannabis Business and Enhance Capacity to Serve Growing International Demand

Mon, 15 Dec 2025 07:00:00 -0500

This news release constitutes a “designated news release” for the purposes of Canopy Growth’s prospectus supplement dated August 29, 2025 to its short form base shelf prospectus dated June 5, 2024

All financial amounts in this press release are expressed in Canadian dollars.

Highly accretive business combination expected to generate significant run-rate synergies of approximately $10 million within 18 months

Strengthens Canopy Growth’s presence in Québec with an opportunity to expand national distribution of MTL’s high-quality, budtender-recommended product portfolio2

MTL’s core management team is expected to join Canopy Growth to drive cultivation excellence and enhance the Company’s product quality

Canopy Growth to Acquire MTL Cannabis; Transaction Expected to Create Canada’s Leading Medical Cannabis Business and Enhance Capacity to Serve Growing International Demand

Mon, 15 Dec 2025 07:00:00 -0500

All financial amounts in this press release are expressed in Canadian dollars.

Highly accretive business combination expected to generate significant run-rate synergies of approximately $10 million within 18 months

Strengthens Canopy Growth’s presence in Québec with an opportunity to expand national distribution of MTL’s high-quality, budtender-recommended product portfolio2

MTL’s core management team is expected to join Canopy Growth to drive cultivation excellence and enhance the Company’s product quality

Canopy Growth to Acquire MTL Cannabis; Transaction Expected to Create Canada’s Leading Medical Cannabis Business and Enhance Capacity to Serve Growing International Demand

Mon, 15 Dec 2025 07:00:00 -0500

All financial amounts in this press release are expressed in Canadian dollars.

Highly accretive business combination expected to generate significant run-rate synergies of approximately $10 million within 18 months

Strengthens Canopy Growth’s presence in Québec with an opportunity to expand national distribution of MTL’s high-quality, budtender-recommended product portfolio2

MTL’s core management team is expected to join Canopy Growth to drive cultivation excellence and enhance the Company’s product quality

Canopy Growth to Acquire MTL Cannabis; Transaction Expected to Create Canada’s Leading Medical Cannabis Business and Enhance Capacity to Serve Growing International Demand

Mon, 15 Dec 2025 07:00:00 -0500

All financial amounts in this press release are expressed in Canadian dollars.

Highly accretive business combination expected to generate significant run-rate synergies of approximately $10 million within 18 months

Strengthens Canopy Growth’s presence in Québec with an opportunity to expand national distribution of MTL’s high-quality, budtender-recommended product portfolio2

MTL’s core management team is expected to join Canopy Growth to drive cultivation excellence and enhance the Company’s product quality

Canopy Growth to Acquire MTL Cannabis; Transaction Expected to Create Canada’s Leading Medical Cannabis Business and Enhance Capacity to Serve Growing International Demand

Mon, 15 Dec 2025 07:00:00 -0500

All financial amounts in this press release are expressed in Canadian dollars.

Highly accretive business combination expected to generate significant run-rate synergies of approximately $10 million within 18 months

Strengthens Canopy Growth’s presence in Québec with an opportunity to expand national distribution of MTL’s high-quality, budtender-recommended product portfolio2

MTL’s core management team is expected to join Canopy Growth to drive cultivation excellence and enhance the Company’s product quality

Canopy Growth to Acquire MTL Cannabis; Transaction Expected to Create Canada’s Leading Medical Cannabis Business and Enhance Capacity to Serve Growing International Demand

Mon, 15 Dec 2025 07:00:00 -0500

All financial amounts in this press release are expressed in Canadian dollars.

Highly accretive business combination expected to generate significant run-rate synergies of approximately $10 million within 18 months

Strengthens Canopy Growth’s presence in Québec with an opportunity to expand national distribution of MTL’s high-quality, budtender-recommended product portfolio2

MTL’s core management team is expected to join Canopy Growth to drive cultivation excellence and enhance the Company’s product quality

Canopy Growth to Acquire MTL Cannabis; Transaction Expected to Create Canada’s Leading Medical Cannabis Business and Enhance Capacity to Serve Growing International Demand

Mon, 15 Dec 2025 07:00:00 -0500

All financial amounts in this press release are expressed in Canadian dollars.

Highly accretive business combination expected to generate significant run-rate synergies of approximately $10 million within 18 months

Strengthens Canopy Growth’s presence in Québec with an opportunity to expand national distribution of MTL’s high-quality, budtender-recommended product portfolio2

MTL’s core management team is expected to join Canopy Growth to drive cultivation excellence and enhance the Company’s product quality

Canopy Growth to Acquire MTL Cannabis; Transaction Expected to Create Canada’s Leading Medical Cannabis Business and Enhance Capacity to Serve Growing International Demand

Mon, 15 Dec 2025 07:00:00 -0500

All financial amounts in this press release are expressed in Canadian dollars.

Highly accretive business combination expected to generate significant run-rate synergies of approximately $10 million within 18 months

Strengthens Canopy Growth’s presence in Québec with an opportunity to expand national distribution of MTL’s high-quality, budtender-recommended product portfolio2

MTL’s core management team is expected to join Canopy Growth to drive cultivation excellence and enhance the Company’s product quality