MTL Cannabis has court OK for acquisition by Canopy

Executive Summary

• MTL Cannabis Corp. has received final court approval from the Supreme Court of British Columbia for its plan of arrangement to be acquired by Canopy Growth Corp.
• The transaction involves Canopy Growth acquiring all issued and outstanding common shares of MTL Cannabis.
• The closing of the arrangement is expected to occur before the end of March 2026, subject to customary closing conditions and third-party approvals.

Key Details

• Transaction Structure: Plan of arrangement under the Canada Business Corporations Act.
• Acquirer: Canopy Growth Corp.
• Target: MTL Cannabis Corp. (all issued and outstanding common shares).
• Regulatory Status: Final order issued by the Supreme Court of British Columbia approving the arrangement.
• Closing Timeline: Expected before the end of March 2026.
• Conditions: Subject to customary closing conditions, including third-party approvals.
• Reference Document: Management information circular dated Jan. 15, 2026, available on SEDAR+.

Notable Quotes

• None explicitly quoted in the release text.