Mergers & Acquisitions ·
On August 7, 2026, The Cannabist Company Holdings Inc. entered into definitive agreements to sell its Maryland…
CBSTFCannabist Co Holdings Inc.
On August 7, 2026, The Cannabist Company Holdings Inc. entered into definitive agreements to sell its Maryland cannabis cultivation, manufacturing, and retail operations to Free State Botanicals Holdings LLC for up to $13.75 million in cash. Concurrently, the company agreed to sell related real estate to 6797 Bowman Frederick LLC, which will assume all existing indebtedness associated with the property. The transaction requires regulatory approvals in Maryland and a vesting order from the Ontario Superior Court of Justice under the Companies’ Creditors Arrangement Act. This strategic divestiture allows Cannabist to exit the Maryland market while generating cash proceeds. The company operates in the cannabis industry, focusing on cultivation, manufacturing, and retail operations.