Earnings summaries and quarterly performance for Cannabist Co Holdings.
Executive leadership at Cannabist Co Holdings.
Board of directors at Cannabist Co Holdings.
Research analysts covering Cannabist Co Holdings.
Recent press releases and 8-K filings for CBSTF.
Cannabist Co Holdings Inc. Announces Closing of Virginia Asset Sale
CBSTF
M&A
Debt Issuance
- The Cannabist Company Holdings Inc. announced the closing of the sale of its Virginia assets to an affiliate of Millstreet Credit Fund LP on February 5, 2026.
- The total consideration for the transaction was $130 million, consisting of $117.5 million payable in cash at closing and the remaining $12.5 million to be escrowed.
- The sold assets included 5 active retail locations, 1 additional retail location in development, and approximately 82,000 square feet of cultivation and production capacity in the Richmond region.
- The company expects to redeem $84,488,000 aggregate principal amount of its 9.25% Senior Secured Notes and $6,469,000 aggregate principal amount of its 9.00% Senior Secured Convertible Notes on February 13, 2026, using proceeds from the sale.
1 day ago
Cannabist Co Holdings Inc. Sells Virginia Assets and Terminates Curaleaf Agreement
CBSTF
M&A
- The Cannabist Company Holdings Inc. has entered into an agreement to sell its Virginia assets to an entity affiliated with Millstreet Credit Fund LP for a total consideration of $130 million, with $117.5 million payable in cash upon closing.
- The Virginia assets being sold include 5 active retail locations, 1 additional retail location in development, and approximately 82,000 square feet of cultivation and production capacity in the Richmond region.
- The company terminated its previously announced agreement with Curaleaf, Inc. and is required to pay Curaleaf a $3.3 million break-up fee within two business days of termination.
- The transaction is expected to close early in 2026 or before, and a portion of the net proceeds will be used to redeem Notes.
Dec 19, 2025, 12:31 AM
The Cannabist Company Holdings Inc. Reports Q3 2025 Financial Results and Strategic Divestitures
CBSTF
Earnings
M&A
Demand Weakening
- The Cannabist Company Holdings Inc. reported Q3 2025 revenue of $79.912 million, a 7.5% decrease compared to Q2 2025, primarily due to the sale of three retail locations in Pennsylvania and price compression in core markets. The company posted a net loss of $(14.655) million and Adjusted EBITDA of $3.041 million for the quarter.
- During Q3 2025, the company completed the sale of three Pennsylvania dispensaries for approximately $10 million in cash. Subsequent to quarter close, it finalized the sale of its Florida cultivation facility for $11 million in gross cash proceeds.
- The company's cash position increased to $17.8 million at the end of Q3 2025, up from $15.5 million at the end of Q2 2025.
- Operational highlights include the start of adult-use sales in Delaware on August 1 and the opening of two new retail locations in Ohio, bringing the active retail count to 52 locations.
Nov 10, 2025, 9:40 PM
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