Canopy Growth is acquiring MTL Cannabis in a deal valued at approximately $125 million, aiming to strengthen its position as Canada's leading medical cannabis provider, expand its product portfolio, and increase capacity for international demand, with expected synergies of around $10 million annually.
Binance, the world's largest cryptocurrency exchange, is withdrawing from the Canadian market due to regulatory guidance surrounding stablecoins and investor limits. The company expressed its willingness to collaborate and communicate with Canadian regulators and hopes that a thoughtful framework will be established in the future, potentially paving the way for Binance to resume its services for Canadians. Canadian users will receive an email containing crucial details about how their accounts will be affected in the future.