05:17 PM EDT, 07/30/2025 (MT Newswires) -- MTL Cannabis ( MTLNF ) on Wednesday said it closed on a $27 million credit facility with a Canadian schedule 1 bank.

The financing breaks down into a uncommitted demand revolving credit facility of $4 million, a committed non-revolving term facility of $6.75 million, a committed non-revolving term of $12.125 million, and an uncommitted delayed draw non-revolving term facility of $4.12 million.

The Credit Facility bears an interest rate of Prime or adjusted term CORRA plus an applicable margin. Chief executive Michael Perron, said, "We fully appreciate the confidence that the bank has in our management team and the business we have built, and we look forward towards repaying that trust with continued performance as we grow together in the coming years."