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flag Canopy Growth buys MTL Cannabis for $125M to boost its medical cannabis business and cut costs.

flag Canopy Growth has agreed to acquire MTL Cannabis in a $125 million deal, offering MTL shareholders 0.32 Canopy shares and $0.144 cash per share, a 45% premium to MTL’s recent average price. flag The court-approved transaction, pending regulatory and shareholder approvals, is expected to close before February 2026. flag The acquisition aims to strengthen Canopy’s medical cannabis presence by adding MTL’s patient network, clinics, and online platform, expanding its supply capabilities and supporting its path to profitability. flag Canopy anticipates $10 million in annual cost savings within 18 months.

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