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MTL Cannabis Corp C.MTLC

Alternate Symbol(s):  MTLNF

MTL Cannabis Corp., formerly Canada House Cannabis Group Inc., is a Canada-based company, which is focused on crafting cannabis products, including lines of dried flower, pre-rolls and hash marketed. It uses hydroponic growing methodologies supported by handcrafted techniques to produce products that are crafted for the masses. It has also developed a number of export channels for bulk and unbranded GACP quality cannabis. Its subsidiaries include Montreal Medical Cannabis Inc., Abba Medix Corp., IsoCanMed Inc. and Canada House Clinics Inc. Montreal Medical Cannabis Inc. is a licensed producer and operates from a 57,000 square feet (sq ft) licensed indoor growing facility in Pointe Claire, Quebec. Abba Medix Corp. is a licensed producer in Pickering, Ontario that operates a medical cannabis marketplace. IsoCanMed Inc. is a licensed producer in Louiseville, Quebec growing indoor cannabis in its 64,000 sq. ft. production facility. Canada House Clinics Inc. provides clinics across Canada.


CSE:MTLC - Post by User

Post by letsflythison Dec 23, 2020 5:07am
128 Views
Post# 32167460

its not a matter if but when.....

its not a matter if but when.....Canada House Wellness (CSE: CHV) has seen its shareholders approve a proposed share consolidation of the firms outstanding common shares. The announcement was made by the company this morning, within a news release announcing the results of the annual general meeting. Canada House Wellness' Logo The proposed share consolidation, or reverse split as its more commonly known by retail shareholders, will see the company consolidate it shares at a ratio as high as thirty pre-consolidation shares to one-post consolidation share. At maximum, it would see the company reduce its outstanding share figure from 683,653,630 as of November 30, to as low as 22,788,454 shares outstanding. The company did not provide a timeline for implementation of the approved share consolidation. However, in a market update issued last week, the company indicated that if approved, it would consult its external capital markets advisors to determine whether to proceed with the consolidation, when to proceed, and at what ratio to conduct the consolidation at. As such, the approved consolidation is to occur at a later date, if at all. Canada House Wellness last traded at $0.02 on the CSE
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