[2] The production on the mixtape was handled by multiple producers including Foreign Teck, Play Picasso, Supah Mario, Cassius Jay, Don Cannon and C-Sick among others.

The mixtape received positive reviews from music critics and was a commercial success.

[4] The New Toronto 3 is the final release of Lanez's five-album contract with Interscope Records.

The project was intended to be released in March 2020, but was delayed due to Lanez's label issues, which he has aired through social media, writing on Instagram that he has had to "dumb down [his] creativity" and that his prior release, Chixtape 5, was the "closest thing [he's] been able to give [...] that had somewhat of the quality" he intends his future music to have.

On February 8, 2020, he released the lead single from the mixtape, "Broke in a Minute" along with a music video.

[17] After the mixtape's release, "Stupid Again" debuted at number 54 on the Billboard Hot 100 chart dated April 25, 2020.

In recent years, a generation of young rappers transcended SoundCloud to become true icons, sharing bracing admissions about mental health and drug use (many also doomed, from Lil Peep to Juice WRLD).

[4] In its second week, the mixtape dropped to number ten on the chart, earning an additional 28,000 units.