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Canopy Growth buys MTL Cannabis for $125M to boost its medical cannabis business and cut costs.
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.
The court-approved transaction, pending regulatory and shareholder approvals, is expected to close before February 2026.
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.
Canopy anticipates $10 million in annual cost savings within 18 months.
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Canopy Growth compra MTL Cannabis por $125 millones para impulsar su negocio de cannabis medicinal y reducir costos.