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MTL Cannabis ( (TSE:MTLC) ) just unveiled an announcement.
Canopy Growth Corporation has announced its acquisition of MTL Cannabis in a transaction valued at approximately $125 million. This strategic move is expected to create Canada’s leading medical cannabis business, enhance Canopy Growth’s presence in Québec, and expand the national distribution of MTL’s high-quality product portfolio. The acquisition is anticipated to generate significant synergies and improve product quality, ultimately strengthening Canopy Growth’s market position and accelerating its path to profitable growth.
More about MTL Cannabis
MTL Cannabis is a Canadian company recognized for its high-quality cannabis flower, cultivated with a craft-driven approach. Founded by Richard and Michel Clément, MTL Cannabis has earned national recognition as Canada’s #1 budtender-recommended brand in the 2024 Brightfield Study.
Average Trading Volume: 33,860
Technical Sentiment Signal: Hold
Current Market Cap: C$60.15M
For an in-depth examination of MTLC stock, go to TipRanks’ Overview page.