Waterloo Regional Police arrested three people after executing search warrants at two homes in Cambridge on Wednesday.
Police searched a home on Glenmorris Street and another on Livingstone Crescent and found two loaded handguns, ammunition, conducted energy weapons, bear spray and a variety of other weapons.
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Police say they also found suspected fentanyl, carfentanil, methamphetamine and cocaine.
Two men and a woman from Cambridge were arrested and have been charged with a number of drug and weapon charges.