Quebec's Medical Saints to acquire Ontario cannabis firm Galaxie Brands

What's the deal? Quebec-based Medical Saints Ltd.Dealroom has a profile for this one. Try Dealroom → has agreed to acquire the shares of Ontario's Galaxie Brands CorporationDealroom has a profile for this one. Try Dealroom →. The deal, announced in September 2026, is a full acquisition; terms were not disclosed.

What's the endgame? The move brings an Ontario cannabis operator under the ownership of a Quebec-based company, extending Medical Saints' reach across two of Canada's largest provincial markets.

The signal: Undisclosed terms and thin details make it hard to gauge the deal's scale. But it points to continued consolidation among Canadian cannabis companies as operators combine to build scale in a crowded market.

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