MTL Cannabis Shares Surge 50% on Canopy Growth Buyout
A transformative acquisition occurred in the cannabis industry this morning. The timing of the deal is particularly noteworthy, as President Donald Trump is expected to sign an executive order reclassifying marijuana as soon as today.Canopy Growth (TSX: WEED) (Nasdaq: CGC) has announced a definitive agreement to acquire MTL Cannabis (CSE: MTLC) (OTCQX: MTLNF) in a transaction valued at approximately $125 million on a fully diluted equity basis, or about $179 million including debt. The deal is expected to be highly accretive, with projected annual run-rate synergies of roughly $10 million ...
AllPennyStocks.com·1mo ago