Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX:WEED) (Nasdaq: CGC) and MTL Cannabis Corp. ("MTL Cannabis" or "MTL") (CSE:MTLC) (OTCQX:MTLNF) today announced the completion of the previously announced arrangement (the "Arrangement"), whereby, among other things, Canopy Growth has acquired all of the issued and outstanding common shares of MTL (the "MTL Shares").

Pursuant to the Arrangement, the Company has acquired 100% of the issued and outstanding MTL Shares. MTL shareholders are entitled to receive 0.32 of a Canopy Growth common share (each whole share, a "Canopy Growth Share") and $0.144 in cash in exchange for each MTL Share held immediately prior to closing of the Arrangement.