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MTL Cannabis ( (TSE:MTLC) ) has issued an announcement.
MTL Cannabis Corp. reported a revenue of $25.9 million for the first quarter of 2025, maintaining positive operating income and EBITDA despite a slight decrease compared to the previous year. The company announced several capital projects aimed at expanding its cultivation and processing capacities, including retrofits of facilities in Montreal and Pickering, and transitioning medical fulfillment operations to Montreal. These initiatives are expected to boost production, reduce costs, and support future growth, positioning MTL Cannabis for continued success in the cannabis industry.
More about MTL Cannabis
MTL Cannabis Corp. operates in the cannabis industry, focusing on the cultivation, processing, and distribution of cannabis products for the Canadian recreational, Canadian medical, and international export markets. The company is committed to enhancing its production capabilities and expanding its market reach.
Average Trading Volume: 33,326
Technical Sentiment Signal: Buy
Current Market Cap: C$73.71M
Learn more about MTLC stock on TipRanks’ Stock Analysis page.