Canopy Growth Acquires MTL Cannabis for $125 Million

Canopy Growth (NASDAQ: CGC) acquired Canadian cannabis company MTL Cannabis in a $125 million deal, aiming to strengthen its position as the leading medical cannabis provider by revenue. The acquisition expands Canopy's presence into Quebec’s second-largest market but comes amid ongoing financial struggles and regulatory challenges.

By Prosper Junior Bakiny, The Motley Fool Thu, June 4, 2026 at 1:20 AM GMT+3 4 min read · Yahoo Finance · June 3, 2026, 22:20 UTC

Tickers: $CGC

Topics: Acquisition Cannabis industry Market expansion

Read the full article at Yahoo Finance

More World news

Nvidia CEO Jensen Huang Ousted Amid Allegations of Personal Misconduct and National Security Concerns TechCrunch · November 12, 2026, 16:32 UTC
Pomerantz Law Firm Investigates Silvercorp Metals Inc. Following Production Shortfalls and Revenue Decline PR Newswire · November 12, 2026, 16:30 UTC
Cold Spring Harbor Laboratory Raises $6.5 Million at 21st Annual Double Helix Medals Dinner PR Newswire · November 12, 2026, 16:30 UTC
Deloitte Recognized as Leader in IDC MarketScape Worldwide Digital Identity Services Assessment PR Newswire · November 12, 2026, 16:30 UTC
SpaceX Announces $74 Billion Investment in AI Data Center Projects in Texas and Arizona Seeking Alpha · November 12, 2026, 16:25 UTC
Ofcom Fines Meta £450,000 Over Inaccurate WhatsApp Business Data Seeking Alpha · November 12, 2026, 16:25 UTC
USPS Seeks 11% Fuel Surcharge for Domestic Priority Mail and Package Deliveries CNBC · November 12, 2026, 16:17 UTC
Joe Lavis Named to D CEO's 2027 Dallas 500 List PR Newswire · November 12, 2026, 16:26 UTC
Sanmina Corporation (SANM) Shares Rise 8% Amid Five-Day Winning Streak Seeking Alpha · November 12, 2026, 16:23 UTC
Nvidia CEO Jensen Huang Resigns Amid Personal Scandal and National Security Concerns Motley Fool · November 12, 2026, 16:17 UTC