FWB:3LP

The Cannabist Company Reports First Quarter 2024 Results

Retrieved on: 
Thursday, May 9, 2024
Cannabis, Retail, Other Natural Resources, Other Retail, Natural Resources, Food, Beverage, Amber, Capital, Capital expenditure, Public expenditure, Adjustment, Old pal, Telephone, Disclosure

“Our first quarter results demonstrate an improvement over the prior quarter on a margin basis, and we are encouraged by the green shoots that are evident in several critical areas of the business.

Key Points: 
  • “Our first quarter results demonstrate an improvement over the prior quarter on a margin basis, and we are encouraged by the green shoots that are evident in several critical areas of the business.
  • Though we are encouraged by the results of the first quarter, we know there is more work to do.
  • During the first quarter, the Company exchanged $10 million of 6% senior secured convertible notes due 2025 via an exchange agreement announced in January 2024.
  • ET to discuss financial and operating results for the first quarter of 2024.

The Cannabist Company and Airo Brands Continue Successful Partnership with Expansion into Pennsylvania and Virginia

Retrieved on: 
Friday, April 26, 2024
Tobacco, Retail, Natural Resources, Cannabis, Partnership, Patient

The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX: CBSTF) (FSE: 3LP) (“The Cannabist Company” or the “Company”), one of the largest and most experienced cultivators, manufacturers, and retailers of cannabis products in the U.S., announced today its latest expansion with Airo Brands, an industry-leading, multi-state cannabis company focused on proprietary, cutting-edge vapor delivery platforms and flavorful, high quality oils, into Virginia and Pennsylvania.

Key Points: 
  • The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX: CBSTF) (FSE: 3LP) (“The Cannabist Company” or the “Company”), one of the largest and most experienced cultivators, manufacturers, and retailers of cannabis products in the U.S., announced today its latest expansion with Airo Brands, an industry-leading, multi-state cannabis company focused on proprietary, cutting-edge vapor delivery platforms and flavorful, high quality oils, into Virginia and Pennsylvania.
  • Building on the success of this collaboration in Delaware and West Virginia, The Cannabist Company launched Airo’s unparalleled vapor systems, including the AiroPro and AiroSport batteries, and AiroX All-In-One, as well as its unique AiroPod cartridge oil formulations at its Cannabist and gLeaf dispensaries in Virginia as well as its Columbia Care locations in Pennsylvania.
  • Airo is also available through the Company’s wholesale channels in both markets.
  • Since the collaboration began last year, Airo’s vapes and cartridges have quickly become top-selling products in Delaware and West Virginia.

The Cannabist Company Announces Launch of its Award-Winning Triple Seven Brand in New York and Florida

Retrieved on: 
Tuesday, April 16, 2024
Alternative Medicine, Cannabis, Retail, Health, Tobacco, Natural Resources, Managed Care, Investment, THC, Cup, Love, High Times, Patient

This week, Triple Seven flower and pre-rolls will be available to New York medical patients at Cannabist Brooklyn, Columbia Care locations in Manhattan, Riverhead, and Rochester, and across its wholesale network for both medical and adult-use partners.

Key Points: 
  • This week, Triple Seven flower and pre-rolls will be available to New York medical patients at Cannabist Brooklyn, Columbia Care locations in Manhattan, Riverhead, and Rochester, and across its wholesale network for both medical and adult-use partners.
  • Triple Seven flower is also now on the shelves at Cannabist locations throughout Florida, with pre-rolls expected to launch later this year.
  • The expansion into the New York and Florida markets is a major milestone for Triple Seven, making it the first in-house brand to become available in all of the Company’s 15 markets.
  • The Cannabist Company is committed to delivering unparalleled experiences, and Triple Seven is the pinnacle of top quality and consistent cannabis,” said Jesse Channon, President, The Cannabist Company.

The Cannabist Company and Revelry Expand Partnership to Four New East Coast Markets

Retrieved on: 
Tuesday, April 9, 2024
Cannabis, Natural Resources, Partnership, Patient, Collection

Through this partnership, The Cannabist Company supplies a curated collection of strains for Revelry’s flower and pre-roll offerings, which are now available through the Company’s retail and wholesale platforms in Massachusetts and New Jersey.

Key Points: 
  • Through this partnership, The Cannabist Company supplies a curated collection of strains for Revelry’s flower and pre-roll offerings, which are now available through the Company’s retail and wholesale platforms in Massachusetts and New Jersey.
  • By mid-April, Revelry products will be on shelves in Pennsylvania at the Company’s three Columbia Care dispensaries and across the state through its wholesale channels.
  • We love that our brand and our passion for enhancing life’s experiences through cannabis is quickly resonating with customers here on the East Coast,” said Eric Hammond, President of Revelry.
  • This expansion into additional markets further extends the two companies’ collaboration on lifestyle products and accessories, which are currently available at select Cannabist locations nationwide.

The Cannabist Company Announces New Multi-State Retail, Manufacturing and Wholesale Partnership with Women-Led Brand, Flower by Edie Parker

Retrieved on: 
Thursday, April 4, 2024
Cannabis, Retail, Other Consumer, Consumer, Natural Resources, Specialty, Food, Beverage, Culture, Growth, Partnership, Patient, Edie Parker, The Denver Post, Creative, Collection, Drug

The partnership will be the first to introduce Flower by Edie Parker, known for merging the worlds of fashion and flower, to customers and patients in these six new markets.

Key Points: 
  • The partnership will be the first to introduce Flower by Edie Parker, known for merging the worlds of fashion and flower, to customers and patients in these six new markets.
  • The partnership will also launch Flower by Edie Paker’s cannabis-infused edibles in Massachusetts, Illinois, New Jersey, and New York.
  • Select Edie Parker signature smoking accessories and beloved handbags will also be available at The Cannabist Company’s dispensaries.
  • To find the nearest Cannabist Company dispensary featuring this new partnership, visit https://cannabistcompany.com/locations .

The Cannabist Company to Report First Quarter 2024 Results on May 9, 2024

Retrieved on: 
Wednesday, March 27, 2024
Pharmaceutical, Health, Natural Resources, Cannabis, NEO, Telephone, EDT

The Cannabist Company Holdings Inc. (NEO: CBST) (OTCQX: CBSTF) (FSE: 3LP) (“The Cannabist Company” or the “Company”), today announced that it will report its financial results for the first quarter ended March 31, 2024 before U.S. financial markets open on Thursday, May 9, 2024.

Key Points: 
  • The Cannabist Company Holdings Inc. (NEO: CBST) (OTCQX: CBSTF) (FSE: 3LP) (“The Cannabist Company” or the “Company”), today announced that it will report its financial results for the first quarter ended March 31, 2024 before U.S. financial markets open on Thursday, May 9, 2024.
  • Following the release of financial results, Company management will conduct a conference call at 8:00 a.m. EDT to discuss financial and operating results for the first quarter of 2024.
  • After registering, instructions will be shared on how to join the call for those who wish to dial in.
  • A live audio webcast of the call will also be available in the Investor Relations section of the Company's website at https://investors.cannabistcompany.com/ or at https://edge.media-server.com/mmc/p/ccsxarjo .

The Cannabist Company Announces Closing of US$25.75 Million Private Placement Offering of 9% Senior Secured Convertible Debentures Due 2027

Retrieved on: 
Tuesday, March 19, 2024
Cannabis, Retail, Health, Natural Resources, Food, Beverage, Biotechnology, Indian stock exchange, Offering, Sale, News, Senior, Prospectus, Person, Security (finance)

The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX: CBSTF) (FSE: 3LP) (“The Cannabist Company” or the “Company”) announced today that it has completed a private placement of US$19.5 million aggregate principal amount of 9.00% senior secured convertible debentures due 2027 (the "Notes") in a concurrent private brokered offering (the “Brokered Offering”) and private non-brokered offering (the “Non-Brokered Offering” and together with the Brokered Offering, the “Offering”).

Key Points: 
  • The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX: CBSTF) (FSE: 3LP) (“The Cannabist Company” or the “Company”) announced today that it has completed a private placement of US$19.5 million aggregate principal amount of 9.00% senior secured convertible debentures due 2027 (the "Notes") in a concurrent private brokered offering (the “Brokered Offering”) and private non-brokered offering (the “Non-Brokered Offering” and together with the Brokered Offering, the “Offering”).
  • The Notes are senior secured obligations of the Company and mature in March 2027, unless earlier converted or repurchased.
  • As a result, the Company has received US$15.6 million of new capital and has extinguished US$5.0 million of 6% Senior Secured Convertible Notes Due 2025.
  • Subsequent to this transaction, there are US$59.5 million remaining 6% Senior Secured Convertible Notes Due 2025.

The Cannabist Company Announces Intent to Complete US$25.75 Million Private Placement Offering of 9% Senior Secured Convertible Debentures Due 2027

Retrieved on: 
Friday, March 15, 2024
Cannabis, Retail, Health, Other Health, Natural Resources, Food, Beverage, Indian stock exchange, Documentation, Exchange, Offering, Communication, Sale, Regulation, News, Senior, Risk, Prospectus, Person, Security (finance)

The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX: CBSTF) (FSE: 3LP) (“The Cannabist Company” or the “Company”) announced today that it intends to complete a private placement of up to US$19.5 million (the "Offering") aggregate principal amount of 9.00% senior secured convertible debentures due 2027 (the "Notes").

Key Points: 
  • The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX: CBSTF) (FSE: 3LP) (“The Cannabist Company” or the “Company”) announced today that it intends to complete a private placement of up to US$19.5 million (the "Offering") aggregate principal amount of 9.00% senior secured convertible debentures due 2027 (the "Notes").
  • The Company has received binding commitments for US$17.5 million and may enter into additional commitments for US$2.0 million of Notes prior to closing.
  • The Notes will be senior secured obligations of the Company and mature in March 2027, unless earlier converted or repurchased.
  • As a result, assuming that the Company enters into additional commitments for US$2 million, the Company will receive US$15.6 million of new capital and extinguish US$5.0 million of 6% Senior Secured Convertible Notes Due 2025.

The Cannabist Company Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, March 13, 2024
Retail, Natural Resources, Cannabis, Food, Beverage, Growth, Tablet, Telephone, Old pal, Capital expenditure, Capital, Public expenditure, Disclosure, Investment, Retirement, Seed

In addition, we further improved our capital structure through the retirement of $30.6 million of debt in the fourth quarter.

Key Points: 
  • In addition, we further improved our capital structure through the retirement of $30.6 million of debt in the fourth quarter.
  • The Company ended the fourth quarter with $39.3 million in total cash, $3.5 million of which is restricted.
  • In Q4 2023, cash from operations was $9.4 million, compared to $1.8 million in Q3 2023, primarily a result of a deliberate inventory reduction strategy in the fourth quarter.
  • ET to discuss financial and operating results for the fourth quarter and full year of 2023.

The Cannabist Company Highlights Product Innovation with Launch of Unique Fast-Acting and Longer-Lasting Layered Edibles

Retrieved on: 
Thursday, February 22, 2024
Retail, Specialty, Food, Beverage, NEO, Edible, Patient, THC

The dual-action, bi-layered gummies are a cutting-edge fusion offering a swift onset with lasting effects.

Key Points: 
  • The dual-action, bi-layered gummies are a cutting-edge fusion offering a swift onset with lasting effects.
  • “This is a true example of our commitment to product innovation – bringing our customers one of the most creative edibles to date.
  • “This revolutionary edible is also an amazing representation of everything that the Hedy brand stands for – fun, inviting, and flavorful.
  • Hedy was launched by The Cannabist Company in the fall of 2022 and is currently available in eleven markets.