MTL CANNABIS CORP. REPORTS FIRST QUARTER RESULTS WITH $25.9 MILLION OF REVENUE AND ANNOUNCES TRANSFORMATIONAL CAPITAL PROJECTS

"We are incredibly proud of what we have been able to achieve over the past few years since completing the RTO transaction with Canada House Wellness and the subsequent turnaround and integration of the consolidated operations, allowing us to achieve industry leading results" said Michael Perron, CEO of MTL.

"We are making significant investments into our operations in order to expand our production capabilities and realign internal operations to maximize our future growth potential, setting the Company up for the next chapter of growth. Now that we have our house in order with the support of a Schedule 1 financial institution, we are able to comfortably take on these transformational capital initiatives and set the company up for continued long term growth in the Canadian recreational, Canadian medical, and international export markets."