It’s not canon at all. It’s just included on here because for whatever reason it’s officially labeled as being in the “MCU” franchise. Maybe they’ll say it’s multiverse or maybe they won’t. But as far as we currently know it’s not canon whatsoever.
It takes place in another universe that followed the mcu’s timeline but does branch off to include characters such as scorpion, rhino, and green goblin
^We don’t know for certain if it has any actual MCU ties. Just an actor and a brand name (likely because it might’ve been originally intended to be MCU).