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Stock impact report

Canopy Growth to buy MTL Cannabis in deal valued at $125-million [Globe and Mail, The (Toronto, Canada)]

Canopy Growth Corporation - Common Shares (CGC) 
The deal is expected to help boost Canopy Growth's position in Canada's medical cannabis market. Under the terms of the agreement, MTL shareholders will receive 0.32 of a common share of Canopy Growth and 14.4 cents in cash for each MTL share they hold. Canopy shares closed at $2.40 on the Toronto Stock Exchange on Friday. The deal requires regulatory and MTL shareholder approval. Closing of the transaction is expected to occur before the end of February. Sign up for our new Business Brief newsletter. A daily look at the most important business stories that are making news and moving markets, written by Chris Wilson-Smith Tickers mentioned in this story Symbol Name % change Last Canopy Growth Corp Mtl Cannabis Corp. Show less Read more
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