Canopy Growth Corporation (CGC) Bundle
Canopy Growth to Acquire MTL Cannabis Corp; Alliance Global Adjusts Rating
Canopy Growth Corporation (NASDAQ:CGC) announced a strategic acquisition of MTL Cannabis Corp on Dec 18, 2025, to establish a leading position in the Canadian medical cannabis sector. The transaction involves the acquisition of all issued and outstanding common shares and the settlement of associated debts for MTL Cannabis.
Alliance Global Partners adjusted its rating for the company to Neutral and maintained a hold action following the announcement. The firm increased its price target for the shares to C$2.50 CAD from C$2 CAD, noting that the move improves the capacity of the company to meet international demand.
Market performance and trading data for the session include the following points:
- The share price decreased 5.1% to $1.66 USD.
- Trading volume on the NASDAQ exchange reached 101,136,052 shares.
- The intraday trading range fluctuated between $1.63 and $1.88 USD.
- Total market capitalization is approximately $396.8 million USD.
Over the past 52 weeks, the stock has reached a high of $3.14 and a low of $0.77. Further details on the company mission and history are available at CGC-history-mission-ownership and CGC-mission-vision.
Investors can find more information regarding the company status and investor relations at CGC-financial-health and CGC-investor-profile.
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