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News  ›  Benzinga

Canopy Growth To Acquire MTL Cannabis

Benzinga Logo Benzinga By Akanksha Bakshi
Canopy Growth To Acquire MTL Cannabis

Canopy Growth will acquire MTL Cannabis for approximately 125 million Canadian dollars in a cash-and-stock transaction, expanding its medical cannabis market presence in Canada and improving national distribution capabilities.

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Acquiring MTL Cannabis will strengthen market leadership, expand patient network, and potentially achieve cost synergies of 10 million Canadian dollars within 18 months