- Canopy Growth
- BlackBerry
- Transat
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Canopy Growth signs deal to buy MTL Cannabis in transaction valued at about $125 million
Canopy Growth Corp. announced a definitive agreement to acquire Quebec-based MTL Cannabis Corp. in a deal valued at roughly $125 million. The acquisition is positioned to strengthen Canopy Growth’s presence in Canada’s medical cannabis market by combining MTL’s cultivation expertise with Canopy’s broader production and distribution capabilities.
Canopy’s CEO, Luc Mongeau, highlighted that the transaction brings complementary strengths: MTL’s cultivation technology and know-how alongside Canopy’s scale, which together should allow for improvements in product consistency, a more stable supply chain and a clearer path toward profitable growth. Management expects the combined operations to support product quality and broaden distribution channels within the medical segment.
Under the terms of the agreement, MTL shareholders will receive 0.32 of a Canopy Growth common share plus CAD 0.144 in cash for each MTL share held. At the close of trading on the Toronto Stock Exchange last Friday, Canopy shares were quoted at CAD 2.40.
The acquisition remains subject to customary regulatory approvals and approval by MTL shareholders. Canopy Growth expects to complete the transaction before the end of February, pending those approvals. Investors will likely monitor regulatory progress and integration plans for indications of how quickly anticipated synergies can be realized.
BlackBerry posts Q3 profit of US$13.7M, reversing prior-year loss
BlackBerry (TSX:BB)
Key third-quarter 2025 results:
- Profit: US$13.7 million (versus a loss of US$10.5 million a year earlier)
- Revenue: US$141.8 million (down from US$143.6 million)
BlackBerry Ltd. reported a third-quarter profit of US$13.7 million for the period ended Nov. 30, improving from a loss of US$10.5 million in the same quarter last year. The company, which reports in U.S. dollars, recorded earnings per share of US$0.02, essentially flat with the prior-year quarter on a per-share basis.
Revenue for the quarter totaled US$141.8 million, slightly below last year’s US$143.6 million. BlackBerry’s CEO, John Giamatteo, pointed to the QNX software segment as a major contributor: QNX revenue reached an all-time high of US$68.7 million, a year-over-year increase of 10% from US$62.3 million.
Management attributed the return to profitability to stronger-than-expected revenue in key segments and continued cost discipline across the business. For investors, the QNX performance and stabilization of margins could signal a more consistent earnings profile if those trends continue.
Transat A.T. posts $12.5M Q4 loss after prior-year profit
Transat A.T. (TSX:TRZ)
Key fourth-quarter 2025 figures:
- Loss: $12.5 million (compared with a $41.2 million profit a year earlier)
- Revenue: $771.6 million (down from $788.8 million)
Travel operator Transat A.T. Inc. reported a fourth-quarter loss of $12.5 million, reversing a profit of $41.2 million in the same quarter last year. The loss amounted to $0.52 per diluted share for the quarter ended Oct. 31, compared with a profit of $1.05 per diluted share a year earlier.
Revenue for the quarter was $771.6 million, down modestly from $788.8 million the previous year. Transat notes that last year’s revenue benefited from compensation related to Pratt & Whitney GTF engine disruptions; excluding that compensatory effect, Transat says its revenue actually rose by 1.5% year over year.
On an adjusted basis, the company reported an adjusted loss of $0.42 per share versus an adjusted profit of $0.81 per share in the prior-year quarter. Operational issues and cost pressures contributed to the swing, though management also pointed to improved underlying demand when excluding one-time items. Last week Transat reached a tentative agreement with its pilots, narrowly avoiding a costly work stoppage.
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Summary for investors: This week’s developments highlight activity across distinct sectors of the Canadian market. Canopy Growth’s acquisition aims to consolidate its medical cannabis footprint and strengthen cultivation capacity. BlackBerry’s return to profitability underscores stabilizing demand for software and embedded systems, while Transat’s quarter reflects the travel sector’s sensitivity to one-time disruptions and operational costs. As always, shareholders should watch regulatory approvals, quarterly guidance and integration plans to assess how these events might influence future performance.