Canopy Growth to Acquire MTL Cannabis in $125 Million Deal
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Canopy Growth is acquiring MTL Cannabis for $125 million, aiming to become Canada's leading medical cannabis business and enhance its market position. The deal, approved by both companies' boards, is expected to close by February 2026, pending approvals. MTL Cannabis holds a strong market share in flower and pre-roll joints, which Canopy Growth plans to expand using its distribution network. The acquisition supports Canopy Growth's goal of achieving positive adjusted EBITDA.
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