---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-028015"
form_type: "8-K"
ticker: "CGC"
cik: "0001737927"
company_name: "Canopy Growth Corp"
filed_at: "2026-03-16T23:59:59+00:00"
generated_at: "2026-05-15T11:51:34.710549+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Canopy Growth completes acquisition of MTL Cannabis; becomes Canada's #1 medical cannabis company by revenue

## Summary
- Acquired all MTL shares for ~41.2M CGC shares + C$18.5M cash; 0.32 CGC share + C$0.144 cash per MTL share.
- Combined entity claims #1 medical cannabis market share in Canada by revenue (based on internal calculations).
- Expected run-rate synergies of ~$10M within 18 months; goal of positive adj. EBITDA in fiscal 2027.
- MTL's CEO Mike Perron becomes Canopy's COO; co-founders Richard & Michel Clement as strategic advisors.
- MTL shares to be de-listed from CSE on or about March 16, 2026.

## SEC filing metadata
- accession: 0001104659-26-028015
- form_type: 8-K
- ticker: CGC
- cik: 0001737927
- company_name: Canopy Growth Corp
- filed_at: 2026-03-16T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1737927/000110465926028015/0001104659-26-028015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1737927/000110465926028015/tm268860d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-028015
- JSON: https://secwatch.observer/filing/0001104659-26-028015.json
- Plain text: https://secwatch.observer/filing/0001104659-26-028015.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.