MTL Cannabis (formerly Canada House Wellness Group)

What MTL Cannabis (formerly Canada House Wellness Group) does

MTL Cannabis Corp. is a Canadian licensed producer of premium craft cannabis founded in 2018 by brothers Richard and Michel Clement in Quebec. The company was formed via the 2021 reverse takeover of Canada House Wellness Group and operates three business segments: a Canadian recreational portfolio (flagship MTL Cannabis, value brand LowKey by MTL, and premium Quebec small-batch brand R'Belle), a Canadian medical platform (Abba Medix serving 3,500+ veterans and Canada House Clinics operating 13 clinics across 7 provinces), and an international export business shipping branded products to federally regulated medical markets in Germany and Australia.

The underlying operating asset is four indoor cultivation facilities in Quebec and Ontario producing up to 19,500 kg of high-THC, terpene-rich flower annually, feeding a centralized post-harvest processing and fulfillment hub. Distribution is hybrid: provincial cannabis retailers (notably SQDC in Quebec) for recreational SKUs, the in-house clinic network and Abba Medix platform for medical patients, and export partners for international markets. Reported Q2 FY2026 gross margins before fair-value adjustments were 50% and adjusted EBITDA was $2.2M; full-year FY2025 revenue was $105.2M CAD with $21.7M of EBITDA, up from $83.1M and $13.2M respectively in FY2024.

MTL Cannabis was acquired by Canopy Growth Corporation on March 16, 2026 in a transaction valued at approximately $125M on a fully-diluted equity basis ($179M enterprise value), making it a wholly-owned subsidiary and creating what the acquirer described as Canada's leading medical cannabis business by revenue. Expected run-rate synergies of approximately $10M within 18 months are tied to integrating MTL's medical and cultivation operations into Canopy Growth's distribution footprint.

Name

MTL Cannabis (formerly Canada House Wellness Group)

Legal name

MTL Cannabis Corp.

Website

https://mtlcorp.ca

Company type

Public

Founded year

2018

Operating status

Acquired

Headcount range

101–250 employees

Short description

MTL Cannabis Corp. is a Canadian licensed producer of premium indoor cannabis operating recreational brands (MTL, LowKey, R'Belle), a medical platform (Abba Medix, Canada House Clinics), and exports to Germany and Australia; the company was acquired by Canopy Growth in March 2026.

Ownership category

akta.pro rank

Product category

Cannabis Cultivation and Distribution

NAICS

Medicinal and Botanical Manufacturing (325411), Pharmaceutical Preparation Manufacturing (325412)

SIC

Medicinal Chemicals & Botanical Products (2833)

akta.pro primary industry

Cannabis Wholesale Distribution (Flower, Extracts, Edibles) (CRAOAIAF)

akta.pro secondary industry

Medical Cannabis Dispensaries (CRANAFAB)

Keywords

• Cannabis cultivation
• Medical cannabis distribution
• Recreational cannabis products
• Cannabis brand portfolio
• Cannabis international exports

Headquarters

HQ city

Pickering

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Recreational Cannabis Sales: Sale of premium craft cannabis products including indoor flower, pre-rolls, and hash through Canadian retail channels including SQDC in Quebec
2. Medical Cannabis Distribution: Distribution of medical cannabis products and services through Abba Medix platform serving veterans and civilians, and Canada House Clinics network
3. International Export: Export of branded cannabis products to federally approved medical cannabis markets including Germany and Australia

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

MTL Cannabis Corp. is a fully integrated licensed cannabis producer that cultivates premium indoor-grown cannabis flower, pre-rolls, and hash at four Canadian facilities in Quebec and Ontario with 19,500 kg annual production capacity. The company distributes branded recreational cannabis through provincial retailers, operates a medical cannabis platform (Abba Medix and 13 Canada House Clinics) serving more than 3,500 veterans, and exports branded products to federally approved medical cannabis markets in Germany and Australia.

Product overview

MTL Cannabis Corp. is a fully integrated licensed cannabis company operating three distinct business segments: Canadian Recreational (featuring flagship brand MTL Cannabis, value brand LowKey by MTL, and premium Quebec brand R'Belle), Canadian Medical Platform (comprising Abba Medix veteran distribution and Canada House Clinics network), and International exports to Germany and Australia. The company operates four Canadian cultivation facilities in Quebec and Ontario with 19,500 kg annual indoor production capacity and a centralized post-harvest processing hub. The company was acquired by Canopy Growth Corporation in March 2026 for approximately $125 million.

Differentiator

Problem solved

Functional benefit

Brands

• MTL Cannabis: Flagship brand known for high-THC, terpene-rich indoor flower and precision-rolled pre-rolls. Built for discerning consumers who expect premium quality.
• LowKey by MTL
• R'Belle
• Abba Medix
• Canada House Clinics

Products and services

• MTL Cannabis (Flagship Brand) Flagship brand offering high-THC, terpene-rich indoor flower and precision-rolled pre-rolls for discerning recreational consumers who expect premium quality and consistent genetics.
• LowKey by MTL

Quantifiable outcome

• 19,500 kg annual indoor cultivation capacity
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered minor and core.

• Laurel Hill Advisory GroupminorOthersProxy solicitation agent engaged for shareholder meeting to vote on Canopy Growth acquisition. Contact: North American Toll Free: 1-877-452-7184, Outside North America: 416-304-0211
• Canada House ClinicscoreStrategic or Co-development PartnerNational clinic network of 13 locations across 7 provinces delivering cannabinoid therapies. Founded by Canadian military veterans, serving veterans and civilians with medical cannabis products and services.
• Abba MedixcoreStrategic or Co-development PartnerVeteran-focused Canadian medical cannabis distribution platform serving more than 3,500 veterans. Founded by Canadian military veterans, providing best-in-class medical cannabis products and services.

Scale indicators11 records

Recent moves9 records

Expansion highlights6 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/mtl-cannabis

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries5 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MTL Cannabis (formerly Canada House Wellness Group)