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MTL CANNABIS CORP. COMPLETES RTO TRANSACTION

Newswire.ca - Mon Jul 31, 2023

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES  OR DISSEMINATION IN THE UNITED STATES/

MONTRÉAL, July 31, 2023 /CNW/ - MTL Cannabis Corp. (formerly Canada House Cannabis Group Inc.) (CSE: CHV) ("MTL Cannabis" or the "Company"), is pleased to announce, following a favorable vote by over 99% of those shares represented at its an annual general and special meeting held on July 28, 2023 (the "Shareholder Meeting"), the Company closed the second and final tranche (the "Tranche Two Closing") of its previously announced acquisition of all of the issued and outstanding shares of Montréal Medical Cannabis Inc. ("Montréal Medical Cannabis"), a Montreal based "flower-first" licensed producer (the "Transaction") effective as of July 28, 2023. For further information, please see the press release of the Company dated July 10, 2023 and the management information circular of the Company dated June 28, 2023 (the "MIC").  In connection with the closing of the Transaction and following approval by the Company's shareholders at the Shareholder Meeting, the Archerwill Amendments (as defined under the "Amendments to Investment Instruments with Archerwill Investments Inc." section of the MIC) are also effective and the Company changed its name from Canada House Cannabis Group Inc. to MTL Cannabis Corp.

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