MTL Cannabis

What MTL Cannabis does

MTL Cannabis is a Canadian licensed cultivator and processor of premium indoor-grown cannabis, founded in 2020 by Montreal brothers Rich and Mitch Perron. The company operates a flower-first portfolio spanning dried flower strains (Sage n' Sour, Cookies n' Cream, Strawberry n' Mintz, Jungl' Cake, Wes' Coast Kush, East Coast Dank'z, Dante'z Inferno, Gas n' Up, 91 OX), hash products (Sage n' Sour Hash, Wes' Coast Kush Hash), and prerolls (Lemon' Ball'r, Apple Sau'z, Dank Sti'x). Core technology centers on an indoor hydroponic cultivation system with a defined 5-step artisan process — indoor cultivation, hang-drying, cold curing, hand thumb trimming, and hand packing — producing flower with THC content ranging from 18-36% depending on strain. Sub-brands LowKey (award-winning dessert strains), R'Belle (Quebec-exclusive sold through SQDC), and MTL Craft (micro-cultivation aggregator) segment the market by price point, geography, and production scale.

MTL Cannabis generates revenue through two primary streams: recreational cannabis sold through provincial distributors and licensed retailers across all Canadian provinces, and medical cannabis distributed through its subsidiaries ABBA Medix Corp. (an online medical marketplace sourcing 450+ SKUs from 60+ brands) and Canada House Clinics Inc. (medical document issuance and patient education). The company sells directly to budtenders and retailers through a dedicated sales channel ([email protected]) and operates the 5 à Sesh product knowledge training program for retail staff. Additional subsidiaries include Montréal Cannabis Médical Inc. (licensed cultivator/processor) and IsoCanMed Inc. (medical cannabis cultivation).

Following the August 2023 listing on the CSE under symbol MTLC and achieving $83.1M in FY2024 revenue, MTL Cannabis was acquired by Canopy Growth Corporation in March 2026 for approximately CA$125 million. The acquisition integrated MTL's patient network, clinics, online medical channel, and premium flower supply into Canopy's operations, positioning the combined entity as Canada's leading medical cannabis business by revenue. The deal targets approximately $10M in run-rate cost synergies within 18 months and supports Canopy Growth's fiscal 2027 positive adjusted EBITDA target. MTL Cannabis now operates as a wholly-owned subsidiary of Canopy Growth (NASDAQ: CGC).

Name

MTL Cannabis

Legal name

MTL Cannabis Corp.

Website

https://mtlcannabis.ca

Company type

Private

Founded year

2020

Operating status

Acquired

Short description

MTL Cannabis is a Canadian licensed cultivator and processor of premium indoor-grown recreational and medical cannabis, serving provincial retailers, medical patients, and veterans. Acquired by Canopy Growth in March 2026 for CA$125 million, it now operates as a wholly-owned subsidiary.

Ownership category

akta.pro rank

Product category

Cannabis Cultivation and Distribution

NAICS

Medicinal and Botanical Manufacturing (325411), Pharmaceutical and Medicine Manufacturing (32541)

SIC

Medicinal Chemicals & Botanical Products (2833), Pharmaceutical Preparations (2834)

akta.pro primary industry

Cannabis Dispensary + Pharmacy/Clinical Model (Patient Services) (CRANAFAI)

akta.pro secondary industries

Medical Cannabis Dispensaries (CRANAFAB), Adult-Use (Recreational) Cannabis Dispensaries (CRANAFAA)

Keywords

• Indoor cannabis cultivation
• Medical cannabis marketplace
• Cannabis flower products
• Cannabis prerolls and hash
• Licensed cannabis producer

Headquarters

HQ city

Montreal

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Recreational Cannabis Sales: MTL Cannabis sells recreational cannabis products (dried flower, prerolls, hash) through provincial board distributors across Canada. Revenue is generated through product sales at retail. The company claims Canada's leading medical cannabis business by revenue following its Canopy Growth acquisition.
2. Medical Cannabis Sales: Through subsidiaries Abba Medix Corp. (a medical marketplace sourcing 450+ SKUs from 60+ brands and licensed producers) and Canada House Clinics Inc. (providing medical documents and education services), MTL serves medical cannabis patients including veterans. Revenue is generated through medical cannabis sales to patients.
3. Wholesale / B2B Flower Supply: MTL Cannabis supplies its premium flower products to retailers and budtenders across Canada, including through its own brand portfolio and sub-brands (LowKey, R'Belle for Quebec, MTL Craft for micro-cultivator showcase).

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

MTL Cannabis is a flower-first Canadian licensed cultivator and processor that produces and distributes premium indoor-grown cannabis dried flower, prerolls, and hash products. The company operates a five-step artisan production process (indoor cultivation, hang-drying, cold curing, hand trimming, hand packing) across three growing facilities in Canada. Through subsidiaries Abba Medix and Canada House Clinics, it also operates a medical cannabis marketplace and clinic services for veterans and other medical patients.

Product overview

MTL Cannabis is a flower-first Canadian cannabis company offering premium indoor-grown, hang-dried, cold-cured, and hand-trimmed cannabis products. The portfolio spans core dried flower strains (Sage n' Sour, Cookies n' Cream, Strawberry n' Mintz, Jungl' Cake, Wes' Coast Kush, East Coast Dank'z, Dante'z Inferno, Gas n' Up, 91 OX), hash products (Sage n' Sour Hash, Wes' Coast Kush Hash), and prerolls (Lemon' Ball'r, Apple Sau'z, Dank Sti'x). The company operates three sub-brands: MTL Craft (small-batch artisan micro-cultivation via Abba Medix), LowKey (award-winning strains including Karma Cup Best Hybrid winner Apple Fritter), and R'Belle (Quebec-exclusive). The 5 à Sesh program provides budtender education on the hydroponic system and 5-step artisan production process.

Differentiator

Problem solved

Functional benefit

Brands

• LowKey: Premium cannabis brand featuring strains like Haze, Sativa, and Dessert varieties. LowKey won the 2023 Karma Cup award for Best Hybrid with Apple Fritter.
• R'Belle
• MTL Craft

Products and services

• Sage n' Sour Signature hybrid strain (Sour Diesel x S.A.G.E.) with diesel, peppery, lemon, and cedar notes. THC content 24-30%. Available in 1 oz format for adult-use recreational consumers across Canadian provinces.
• Cookies n' Cream Hybrid strain (Starfighter x Girl Scout Cookies phenotype) with sweet pastry, hazelnut, tart, and floral flavors. THC 18-25%, CBG 1-2%. Balanced 50% Sativa / 50% Indica.
• Strawberry n' Mintz Sativa-dominant hybrid (Strawberry Guava x Kush Mints) featuring fresh berry, minty, and earthy flavors. THC 30-36%. Available in 15g and prerolls.
• Jungl' Cake Indica-dominant hybrid (White Fire x Wedding Cake) with sweet pastry, marshmallow, and nutty notes. THC 28-34%. Available in 1/2 oz format.
• Wes' Coast Kush Indica-dominant hybrid (OG Kush x hybrid blend) with sweet, earthy, spicy, and diesel flavors. THC 28-36%. Available in 1/2 oz and prerolls.
• East Coast Dank'z Indica (Grape Gas x Gelato) with diesel, sweet, peppery, and spicy notes. THC 26-31%, CBD under 1%. Available in 7g and prerolls (3x0.5g).
• Dante'z Inferno Hybrid (Oreoz x Devil Driver) with cookie dough, campfire smores, earthy, spicy, and citrus notes. THC 28-33%. Available in 14g format.
• Gas n' Up Indica (Venom OG x Humboldt OG) with spicy diesel, black pepper, and earthy wood flavors. THC 27-33%. Available in prerolls.
• 91 OX Indica-dominant (Biscotti x Scotty2Hotty) with diesel, spicy biscuit, and floral notes. THC 27-33%. Available in 3.5g and prerolls.
• Lemon' Ball'r Preroll combining Sage n' Sour hash with Sage n' Sour flower, featuring lemon, diesel, and citrus flavors. Dominant terpene: Terpinolene. THC 21-27% in Quebec.
• Apple Sau'z Hash preroll made from award-winning Apple Fritter (Karma Cup Best Hybrid winner) kief and rosin blend. Features apple, vanilla, and herbal notes. THC 43-50% (24-30% Quebec).
• Dank Sti'x Hash preroll using East Coast Dank'z strain pressed into hash and rolled. Features gas, spicy, and grape popsicle flavors. THC 35-40%, CBD 1-2%.
• Sage n' Sour Hash Hash product made from Sage n' Sour kief and rosin. Sticky, malleable texture with dark brown color. Features citrus, earthy, and gas flavors. Sativa-dominant. THC 35-45%.
• Wes' Coast Kush Hash

Quantifiable outcome

• MTL Cannabis was positioned as Canada's leading medical cannabis business by revenue following its acquisition by Canopy Growth in March 2026.
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Canopy Growth CorporationcoreStrategic or Co-development Partner · 16 March 2026Canopy Growth Corporation acquired MTL Cannabis for approximately CA$125 million, completed on March 16, 2026. The deal made MTL Cannabis Canada's leading medical cannabis business by revenue and brought MTL's patient network, clinics, and online medical channel under Canopy Growth's umbrella. Key MTL executives joined Canopy's leadership team, and integration of MTL's cultivation and post-harvest operations began immediately. The acquisition was expected to deliver approximately $10 million in run-rate synergies within 18 months, supporting Canopy's target of positive adjusted EBITDA in fiscal 2027.
• 60+ Licensed Cannabis Brands (via Abba Medix)minorChannel Partner/ Reseller/ DistributorMTL's medical subsidiary Abba Medix Corp. sources over 450 SKUs from over 60 brands and more than 35 licensed producers, curating a medical cannabis menu for veterans and other medical patients. This creates a marketplace model where MTL aggregates third-party products for patient access.
• Nordico Enterprises Ltd.minorOthersNordico Enterprises Ltd. is one of MTL's three major vendors, supplying packaging materials and construction materials. Nordico, along with Postech Media Inc., comprises over 90% of the company's purchases. Nordico has provided acknowledgement and compliance with MTL's Supplier Code of Conduct.
• Postech Media Inc.minorOthersPostech Media Inc. provides contract packaging, filling, bottling, and labeling services to MTL Cannabis. Along with Nordico, Postech represents over 90% of MTL's vendor purchases. Postech has provided acknowledgement and compliance with MTL's Supplier Code of Conduct.
• CHC Clinics (chclinics.ca)minorChannel Partner/ Reseller/ DistributorMTL Cannabis partners with CHC Clinics (chclinics.ca) to direct prospective medical cannabis patients to obtain Medical Documents (authorizations). Patients curious about medical cannabis can be referred to CHC Clinics to receive a medical document, then order MTL flower products through the Abba Medix platform.
• LowKey (Sub-brand Partner)minorOEM/ Whitelabel/ Licensing PartnerLowKey by MTL Cannabis is a sub-brand offering dessert-flavored cannabis products including Haze, Sativa, and Dessert varieties. The Apple Fritter variety from LowKey won the Best Hybrid award at the 2023 Karma Cup. LowKey products are sold alongside MTL products in Canadian provincial retailers.
• R'Belle (Quebec Sub-brand)minorOEM/ Whitelabel/ Licensing PartnerR'Belle by MTL Cannabis is a sub-brand sold exclusively in Quebec through the SQDC. Products include Marseille, Versailles, Bastille, Eiffel hash, and Louvre hash — premium hash and flower products tailored for the Quebec market.

Scale indicators7 records

Recent moves8 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/mtlcanna
• LinkedInlinkedin.com/company/mtl-cannabis/?viewAsMember=true
• Instagraminstagram.com/mtl_grown

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about MTL Cannabis