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M&A / Property

MTL Cannabis has court OK for acquisition by Canopy

By The Northwire Desk — AI Analysis Feb 23, 2026 · 21:44 MTLC · 0.62 MTL Cannabis Corp
MTLC · Price

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.
Read the original news release →

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