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MTL Cannabis ( (TSE:MTLC) ) has provided an announcement.
MTL Cannabis Corp. has announced a brokered private placement of units to raise up to $4 million, led by Centurion One Capital Corp. The offering will consist of common shares and warrants, with proceeds intended for capital expenditures and marketing activities. The offering is expected to close around August 22, 2025, subject to regulatory approvals, and will be available in certain provinces of Canada and the United States under specific exemptions.
More about MTL Cannabis
MTL Cannabis Corp. is a parent company of several licensed cannabis producers, including Montréal Medical Cannabis Inc., Abba Medix Corp., and IsoCanMed Inc. They operate facilities in Québec and Ontario, focusing on indoor cannabis production and medical cannabis marketplaces. The company also runs Canada House Clinics Inc., which operates clinics across Canada.
Average Trading Volume: 32,615
Technical Sentiment Signal: Buy
Current Market Cap: C$87.75M
See more data about MTLC stock on TipRanks’ Stock Analysis page.