Group 1: Canopy Growth and MTL Acquisition - Canopy Growth's CEO Luc Mongeau emphasizes that MTL's cultivation expertise, combined with Canopy's scale, will enhance product quality, expand supply, and accelerate profitable growth [1] - Under the acquisition agreement, MTL shareholders will receive 0.32 of a common share of Canopy Growth and 14.4 cents in cash for each MTL share [1] - Canopy shares closed at $2.40 on the Toronto Stock Exchange on the day of the announcement [1] Group 2: BlackBerry Financial Performance - BlackBerry reported a third-quarter profit of US$13.7 million, a significant improvement from a loss of US$10.5 million in the same period last year [4][7] - The company's revenue for the third quarter was US$141.8 million, a slight decrease from US$143.6 million year-over-year [5][7] - The QNX segment achieved record revenue of US$68.7 million, reflecting a 10% increase from US$62.3 million a year earlier [5] Group 3: Transat A.T. Financial Performance - Transat A.T. reported a loss of $12.5 million in its fourth quarter, contrasting with a profit of $41.2 million in the same quarter last year [10][13] - Revenue for the fourth quarter totaled $771.6 million, down from $788.8 million a year ago, although revenue increased by 1.5% when excluding prior compensation related to Pratt & Whitney GTF engine issues [11] - On an adjusted basis, Transat reported a loss of 42 cents per share compared to an adjusted profit of 81 cents per share in the same quarter last year [12]
Stock news for investors: Canopy Growth to acquire MTL Cannabis in $125-million deal