About MTL Cannabis
MTL Cannabis is a company based in Pointe Claire (Canada) founded in 2018 by Mitch and Rich was acquired by Canopy Growth in December 2025.. MTL Cannabis offers products and services including Sage n’ Sour and Wes’ Coast Kush Hash.
- Headquarter Pointe Claire, Canada
- Founders Mitch, Rich
- Stage Public
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Sectors
Consumer
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Mtl Cannabis Corp.
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Annual Revenue
$58.43 M (USD)28.76as on Mar 31, 2024
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Net Profit
$4.75 M (USD)178.68as on Mar 31, 2024
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EBITDA
$20.52 M (USD)158.71as on Mar 31, 2024
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Latest Funding Round
$1.45 M (USD), Post-IPO
Sep 20, 2025
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Investors
Canopy Growth
& 2 more
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Employee Count
Employee Count
- Acquired by
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IPO & Listings of MTL Cannabis
MTL Cannabis is a publicly listed company on the CSE with ticker symbol MTLC in Canada, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of MTL Cannabis
MTL Cannabis offers a comprehensive portfolio of products and services, including Sage n’ Sour and Wes’ Coast Kush Hash. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
This product is cultivated as a strain for recreational purposes and is part of the offerings that emphasize quality in cannabis production
This hash is produced from selected strains and is distributed for consumer use, reflecting standard practices in cannabis processing
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Funding Insights of MTL Cannabis
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $1.4M
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First Round
First Round
(20 Sep 2025)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2025 | Amount | Post-IPO - MTL Cannabis | Valuation | Centuriononecapital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in MTL Cannabis
MTL Cannabis has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Canopy Growth, Canada House and Centuriononecapital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Provides equity financing, M&A expertise, debt solutions, and strategic advisory services.
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Founded Year | Domain | Location | |
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Cannabis products are provided to support consumer wellness and health.
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Founded Year | Domain | Location | |
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Medical-grade cannabis is cultivated and cannabinoid therapy is provided globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by MTL Cannabis
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - MTL Cannabis
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mtl Cannabis Comparisons
Competitors of MTL Cannabis
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mtl Cannabis
Frequently Asked Questions about MTL Cannabis
When was MTL Cannabis founded?
MTL Cannabis was founded in 2018 and raised its 1st funding round 7 years after it was founded.
Where is MTL Cannabis located?
MTL Cannabis is headquartered in Pointe Claire, Canada. It is registered at Pointe Claire, Quebec, Canada.
Who is the current CEO of MTL Cannabis?
Michael Perron is the current CEO of MTL Cannabis.
What is the annual revenue of MTL Cannabis?
Annual revenue of MTL Cannabis is $58.43M as on Mar 31, 2024.
What does MTL Cannabis do?
MTL Cannabis was founded in 2018 in Pointe Claire, Canada, focusing on the medical cannabis sector. Operations involve the production and distribution of cannabis-based products for therapeutic use. Leadership is provided by co-founders Mitch and Rich, alongside CEO Michael Perron. The company serves the Canadian market through its domain mtlcannabis.ca, adhering to regulatory standards in the industry.
What products or services does MTL Cannabis offer?
MTL Cannabis offers Sage n’ Sour and Wes’ Coast Kush Hash.
Is MTL Cannabis publicly traded?
Yes, MTL Cannabis is publicly traded on CSE under the ticker symbol MTLC.
Who are MTL Cannabis's investors?
MTL Cannabis has 3 investors. Key investors include Canopy Growth, Canada House, and Centuriononecapital.
What is MTL Cannabis's ticker symbol?
The ticker symbol of MTL Cannabis is MTLC on CSE.