US EditionCanopy Growth Signs Deal to Buy MTL Cannabis in Agreement Valued at $125M
The $125 million acquisition includes a 45% premium for MTL shareholders and is expected to generate $10 million in annual synergies within 18 months, expanding Canopy Growth's medical cannabis supply.
- On Dec. 15, 2025, Canopy Growth Corp. agreed to acquire all common shares of MTL Cannabis Corp. for approximately $125 million equity and $179 million enterprise value, with closing expected before February 2026.
- Canopy Growth said MTL Cannabis's cultivation expertise and brands will strengthen its position in Canada’s medical cannabis market, leveraging Quebec facilities.
- MTL reported trailing twelve‑month net revenue of $84 million with a 51% gross margin and generated $11 million in operating cash flow in the trailing twelve‑month period ended Sept. 30, 2025, with estimated synergies of $10 million annualized within 18 months.
- The Transaction provides MTL Shareholders a 45% premium and requires regulatory approvals including TSX and Competition Act, with Canopy Growth expecting positive adjusted EBITDA support.
- The Arrangement includes support and lock-up agreements covering roughly 75% of MTL shares and the transfer of up to 2,956,391 Canopy Growth Shares to MC shareholders, with a $4 million termination fee.
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18 Articles
Canopy Growth announces on Monday the signing of an agreement to acquire the Quebec company MTL Cannabis as part of a transaction valued at approximately 125 million.
Canopy Growth to Acquire MTL Cannabis; Transaction Expected to Create Canada's Leading Medical Cannabis Business and Enhance Capacity to Serve Growing International Demand
SMITHS FALLS, Ontario & POINTE-CLAIRE, Quebec -- Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (Nasdaq: CGC) and MTL Cannabis Corp. (“MTL Cannabis” or “MTL”) (CSE: MTLC) (OTCQX: MTLNF) are pleased to announce that they have entered into a definitive arrangement agreement (the “Arrangement Agreement”) pursuant to which Canopy Growth will acquire all of the issued and outstanding common shares of MTL (the “MTL Shares”) a…
Winnipeg Free Press
Canopy Growth signs deal to buy MTL Cannabis in agreement valued at $125M
Breaking News, Sports, Manitoba, Canada
The company hopes to improve the quality of its products, expand its offer. The post Canopy Growth aims to acquire MTL Cannabis for $125M appeared first on Les Affaires.
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