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Canopy Growth completes MTL Cannabis acquisition for C$18.5 million

Mon, 16 Mar 2026 07:41:19 -0400

Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) completed its acquisition of MTL Cannabis Corp. (CSE: MTLC) (OTCQX: MTLNF), creating what the company describes as Canada's leading medical cannabis business by revenue.

Under the arrangement, Canopy Growth issued approximately 41.2 million shares and paid C$18.5 million in cash. MTL shareholders received 0.32 Canopy Growth shares and C$0.144 in cash for each MTL share held. The MTL shares are expected to be delisted from the Canadian Securities Exchange on March 16, 2026.

The transaction integrates MTL's cultivation facilities in Quebec and Ontario, including a 76,000 square foot facility in Pointe-Claire and a 64,000 square

Canopy Growth completes MTL Cannabis acquisition for C$18.5 million

Mon, 16 Mar 2026 07:41:19 -0400

The transaction integrates MTL's cultivation facilities in Quebec and Ontario, including a 76,000 square foot facility in Pointe-Claire and a 64,000 square

Canopy Growth completes MTL Cannabis acquisition for C$18.5 million

Mon, 16 Mar 2026 07:41:19 -0400

The transaction integrates MTL's cultivation facilities in Quebec and Ontario, including a 76,000 square foot facility in Pointe-Claire and a 64,000 square

Canopy Growth completes MTL Cannabis acquisition for C$18.5 million

Mon, 16 Mar 2026 07:41:19 -0400

The transaction integrates MTL's cultivation facilities in Quebec and Ontario, including a 76,000 square foot facility in Pointe-Claire and a 64,000 square

Canopy Growth completes MTL Cannabis acquisition for C$18.5 million

Mon, 16 Mar 2026 07:41:19 -0400

The transaction integrates MTL's cultivation facilities in Quebec and Ontario, including a 76,000 square foot facility in Pointe-Claire and a 64,000 square

Canopy Growth completes MTL Cannabis acquisition for C$18.5 million

Mon, 16 Mar 2026 07:41:19 -0400

The transaction integrates MTL's cultivation facilities in Quebec and Ontario, including a 76,000 square foot facility in Pointe-Claire and a 64,000 square

Canopy Growth completes MTL Cannabis acquisition for C$18.5 million

Mon, 16 Mar 2026 07:41:19 -0400

The transaction integrates MTL's cultivation facilities in Quebec and Ontario, including a 76,000 square foot facility in Pointe-Claire and a 64,000 square

Canopy Growth completes MTL Cannabis acquisition for C$18.5 million

Mon, 16 Mar 2026 07:41:19 -0400

The transaction integrates MTL's cultivation facilities in Quebec and Ontario, including a 76,000 square foot facility in Pointe-Claire and a 64,000 square

Canopy Growth completes MTL Cannabis acquisition for C$18.5 million

Mon, 16 Mar 2026 07:41:19 -0400

The transaction integrates MTL's cultivation facilities in Quebec and Ontario, including a 76,000 square foot facility in Pointe-Claire and a 64,000 square

Canopy Growth completes MTL Cannabis acquisition for C$18.5 million

Mon, 16 Mar 2026 07:41:19 -0400

The transaction integrates MTL's cultivation facilities in Quebec and Ontario, including a 76,000 square foot facility in Pointe-Claire and a 64,000 square

Canopy Growth completes MTL Cannabis acquisition for C$18.5 million

Mon, 16 Mar 2026 07:41:19 -0400

The transaction integrates MTL's cultivation facilities in Quebec and Ontario, including a 76,000 square foot facility in Pointe-Claire and a 64,000 square

Canopy Growth completes MTL Cannabis acquisition for C$18.5 million

Mon, 16 Mar 2026 07:41:19 -0400

The transaction integrates MTL's cultivation facilities in Quebec and Ontario, including a 76,000 square foot facility in Pointe-Claire and a 64,000 square

Canopy Growth completes MTL Cannabis acquisition for C$18.5 million

Mon, 16 Mar 2026 07:41:19 -0400

The transaction integrates MTL's cultivation facilities in Quebec and Ontario, including a 76,000 square foot facility in Pointe-Claire and a 64,000 square

Canopy Growth completes MTL Cannabis acquisition for C$18.5 million

Mon, 16 Mar 2026 07:41:19 -0400

The transaction integrates MTL's cultivation facilities in Quebec and Ontario, including a 76,000 square foot facility in Pointe-Claire and a 64,000 square

Canopy Growth completes MTL Cannabis acquisition for C$18.5 million

Mon, 16 Mar 2026 07:41:19 -0400

The transaction integrates MTL's cultivation facilities in Quebec and Ontario, including a 76,000 square foot facility in Pointe-Claire and a 64,000 square

Canopy Growth completes MTL Cannabis acquisition for C$18.5 million

Mon, 16 Mar 2026 07:41:19 -0400

The transaction integrates MTL's cultivation facilities in Quebec and Ontario, including a 76,000 square foot facility in Pointe-Claire and a 64,000 square

Canopy Growth completes MTL Cannabis acquisition for C$18.5 million

Mon, 16 Mar 2026 07:41:19 -0400

The transaction integrates MTL's cultivation facilities in Quebec and Ontario, including a 76,000 square foot facility in Pointe-Claire and a 64,000 square

Canopy Growth completes MTL Cannabis acquisition for C$18.5 million

Mon, 16 Mar 2026 07:41:19 -0400

The transaction integrates MTL's cultivation facilities in Quebec and Ontario, including a 76,000 square foot facility in Pointe-Claire and a 64,000 square

Canopy Growth completes MTL Cannabis acquisition for C$18.5 million

Mon, 16 Mar 2026 07:41:19 -0400

The transaction integrates MTL's cultivation facilities in Quebec and Ontario, including a 76,000 square foot facility in Pointe-Claire and a 64,000 square

Canopy Growth Completes Acquisition of MTL Cannabis Creating Canada’s Leading Medical Cannabis Business By Revenue

Mon, 16 Mar 2026 07:41:00 -0400

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.

Strengthens Canopy Growth’s core Canadian platform, providing additional high-quality flower to support international growth

Expected run-rate synergies of approximately $10 million within 18 months

Canopy Growth’s leadership team and operational depth strengthened through addition of MTL management team members

SMITHS FALLS, Ontario--(BUSINESS WIRE)-- Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (Nasdaq:

Canopy Growth Completes Acquisition of MTL Cannabis Creating Canada’s Leading Medical Cannabis Business By Revenue

Mon, 16 Mar 2026 07:41:00 -0400

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

Strengthens Canopy Growth’s core Canadian platform, providing additional high-quality flower to support international growth

Expected run-rate synergies of approximately $10 million within 18 months

Canopy Growth’s leadership team and operational depth strengthened through addition of MTL management team members

SMITHS FALLS, Ontario--(BUSINESS WIRE)-- Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (Nasdaq:

Canopy Growth Completes Acquisition of MTL Cannabis Creating Canada’s Leading Medical Cannabis Business By Revenue

Mon, 16 Mar 2026 07:41:00 -0400

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

Strengthens Canopy Growth’s core Canadian platform, providing additional high-quality flower to support international growth

Expected run-rate synergies of approximately $10 million within 18 months

Canopy Growth’s leadership team and operational depth strengthened through addition of MTL management team members

SMITHS FALLS, Ontario--(BUSINESS WIRE)-- Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (Nasdaq:

Canopy Growth Completes Acquisition of MTL Cannabis Creating Canada’s Leading Medical Cannabis Business By Revenue

Mon, 16 Mar 2026 07:41:00 -0400

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

Strengthens Canopy Growth’s core Canadian platform, providing additional high-quality flower to support international growth

Expected run-rate synergies of approximately $10 million within 18 months

Canopy Growth’s leadership team and operational depth strengthened through addition of MTL management team members

SMITHS FALLS, Ontario--(BUSINESS WIRE)-- Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (Nasdaq:

Canopy Growth Completes Acquisition of MTL Cannabis Creating Canada’s Leading Medical Cannabis Business By Revenue

Mon, 16 Mar 2026 07:41:00 -0400

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

Strengthens Canopy Growth’s core Canadian platform, providing additional high-quality flower to support international growth

Expected run-rate synergies of approximately $10 million within 18 months

Canopy Growth’s leadership team and operational depth strengthened through addition of MTL management team members

SMITHS FALLS, Ontario--(BUSINESS WIRE)-- Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (Nasdaq:

Canopy Growth Completes Acquisition of MTL Cannabis Creating Canada’s Leading Medical Cannabis Business By Revenue

Mon, 16 Mar 2026 07:41:00 -0400

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

Strengthens Canopy Growth’s core Canadian platform, providing additional high-quality flower to support international growth

Expected run-rate synergies of approximately $10 million within 18 months

Canopy Growth’s leadership team and operational depth strengthened through addition of MTL management team members

SMITHS FALLS, Ontario--(BUSINESS WIRE)-- Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (Nasdaq: