MTL Cannabis Obtains Final Court Approval for Plan of Arrangement with Canopy Growth

Executive Summary

• The Supreme Court of British Columbia issued a final order approving the Plan of Arrangement under which Canopy Growth Corporation will acquire all outstanding common shares of MTL Cannabis Corp.
• Closing of the transaction is expected before the end of March 2026, subject to customary closing conditions and third‑party approvals.
• The acquisition represents a material corporate development for both companies, consolidating Canopy Growth’s position in the Canadian cannabis market.

Key Details

• Court Approval: Final order from the Supreme Court of British Columbia confirming the previously announced Plan of Arrangement under the Canada Business Corporations Act.
• Transaction Structure: Canopy Growth will acquire 100 % of MTL Cannabis’ issued and outstanding common shares (“MTL Shares”).
• Closing Timeline: Anticipated to occur on or before 31 March 2026, subject to customary closing conditions including third‑party regulatory approvals.
• Consideration: Share‑for‑share exchange – MTL shareholders will receive a fixed number of Canopy Growth common shares for each MTL share held (exact exchange ratio not disclosed in the release).
• Regulatory Filings: Reference made to MTL Cannabis’ Management Information Circular dated 15 January 2026, available on SEDAR+.
• Operational Scope of Target: MTL Cannabis is the parent of several licensed producers and medical‑cannabis service entities operating facilities in Québec and Ontario, with a combined indoor grow capacity exceeding 120,000 sq ft and a network of clinics.
• Forward‑Looking Statements: The release includes customary risk disclosures relating to the completion of the Arrangement, potential termination fees, integration risks, and market impacts on share prices.

Notable Quotes

(No direct quotes were provided in the press release.)