Welcome to our dedicated page for Cannabist news (Ticker: CBSTF), a resource for investors and traders seeking the latest updates and insights on Cannabist stock.
The Cannabist Company Holdings Inc. (CBSTF), formerly known as Columbia Care, generates frequent news as a multi-state U.S. cannabis cultivator, manufacturer and retailer. With licenses in 12 U.S. jurisdictions and a network of 61 dispensaries supported by cultivation and manufacturing facilities, the company’s updates cover both medical and adult-use cannabis markets.
News about The Cannabist Company often centers on strategic transactions and footprint changes. Recent announcements include agreements to sell its Virginia subsidiary, Green Leaf Medical of Virginia, LLC, first to a subsidiary of Curaleaf Holdings Inc. and later to an entity affiliated with Millstreet Credit Fund LP, as part of a broader strategic review. The company has also reported divestitures such as the sale of three dispensaries in Pennsylvania and the sale of its remaining interests in a Florida cultivation facility, along with a shift to a wholesale model in Pennsylvania.
Investors and industry followers can also find operational and expansion news, such as the opening of Cannabist-branded dispensaries in Norwalk and Saint Clairsville, Ohio, and the launch of adult-use sales at its Delaware locations. Partnership news includes collaborations with brands like Old Pal, bringing flower products to West Virginia and other states, and Queen Mary, introducing wellness-focused, rosin-infused gummies across Colorado retail locations.
Earnings releases and related 8-K filings provide updates on quarterly financial performance, key markets by revenue and adjusted EBITDA, and commentary on pricing, margins and liquidity. Governance and corporate updates, including board changes, executive transitions and retention plans, are also disclosed.
For those tracking CBSTF, this news stream offers insight into how The Cannabist Company is managing its multi-state footprint, brand portfolio and capital structure in a changing cannabis landscape.
The Cannabist Company (OTCQB: CBSTF) closed the previously announced sale of its Virginia operating subsidiary to an affiliate of Millstreet for $130 million.
The consideration included $117.5 million cash at closing and a $12.5 million offset escrow with staged releases and post-closing purchase price adjustments. The Virginia assets include five active retail stores, one store in development, and ~82,000 sq ft of cultivation and production capacity.
The company issued partial redemption notices for its 2028 secured notes and expects to redeem roughly $84.488 million of 9.25% notes and $6.469 million of 9.00% convertible notes on February 13, 2026.
The Cannabist Company (OTCQB: CBSTF) entered a forbearance agreement with an ad hoc group holding >75% of its 9.25% and 9.00% senior secured notes. The company elected not to pay interest due December 31, 2025 to preserve liquidity after announcing a Virginia asset sale. The forbearance pauses remedies until February 17, 2026 while parties pursue strategic alternatives; no assurance of extension or agreement exists.
The Cannabist Company (OTCQB: CBSTF) agreed to sell all ownership interests of Green Leaf Medical of Virginia to an affiliate of Millstreet for $130 million total consideration, subject to adjustment. The assets include 5 active retail locations, 1 location in development, and ~82,000 sq ft of cultivation/production capacity in Richmond.
Consideration comprises $117.5M cash at closing and a $12.5M offset escrow; Buyer deposited $23.7M into escrow after signing. Closing is expected early 2026, subject to regulatory approvals and post-closing purchase-price adjustments. The company plans to use part of proceeds to redeem notes.
The Cannabist Company (OTCQB: CBSTF) agreed to sell its Virginia cannabis business to a Curaleaf subsidiary for total consideration of $110 million, subject to adjustment. The assets include 5 active retail locations, 1 retail location in development, and ~82,000 sq ft of cultivation and production in the Richmond region.
Deal terms: $80M cash at closing, $20M deferred cash tied to adult-use sales timing, and a $10M promissory noteDec 22, 2025, a $3.3M break fee, and customary closing conditions including regulatory approvals and Noteholder Consent. Expected to close early 2026; proceeds planned partly to redeem outstanding notes.
The Cannabist Company (OTCQB: CBSTF) expanded its partnership with Old Pal by launching Old Pal flower products for medical patients in West Virginia on November 26, 2025. The launch includes Ground Flower (7 g, 14 g) and Whole Flower (3.5 g, 7 g) across all Cannabist locations in the state. All Old Pal products for West Virginia are cultivated and produced by The Cannabist Company in its West Virginia manufacturing facilities, with wholesale distribution beginning in December 2025.
This marks the fifth market for the collaboration after Maryland, Virginia, New Jersey and Colorado. The Cannabist Company operates 38,069 sq. ft. of cultivation and manufacturing space in West Virginia.
The Cannabist Company (OTCQB: CBSTF) reported Q3 2025 results for the quarter ended September 30, 2025. Revenue was $79.9M, down 7.5% sequentially; adjusted gross margin was 32% (down from 33%); adjusted EBITDA was $3.0M versus $8.5M in Q2. Management cited price compression and wholesale inventory reductions as drivers of margin pressure.
The company continued footprint optimization: opened new retail sites in Ohio, started adult-use sales in Delaware on August 1, sold three Pennsylvania dispensaries (net cash > $8M) and completed sale of Florida leasehold/equipment for $11M in gross proceeds.
Cash balance improved vs prior quarter and capex fell to $0.2M in Q3.
The Cannabist Company (OTCQB: CBSTF) will report third-quarter 2025 financial results for the period ended September 30, 2025 after U.S. markets close on Monday, November 10, 2025.
Company management will host a conference call and live audio webcast at 4:30 p.m. EST the same day. Participants must pre-register for telephone access and will receive dial-in instructions after registering. A live audio webcast will be available in the company Investor Relations section.
The Cannabist Company (OTCQB: CBSTF) announced the opening of Cannabist Saint Clairsville on October 30, 2025, its first dispensary in Belmont County and the company’s seventh dispensary in Ohio.
The store at 51710 National Road East serves both medical patients and adult-use customers, offers flower, pre-rolls, edibles, concentrates, house brands Seed & Strain, Triple Seven, and Classix, and carries select third-party products. The company operates approximately 75,000 square feet of cultivation and manufacturing space in Ohio to support retail and wholesale operations.
The Cannabist Company (OTCQB: CBSTF) announced that co-founder and longtime board member Michael Abbott resigned from the Board, effective October 3, 2025, to pursue other personal and professional commitments.
Abbott co-founded the company (originally Columbia Care) in 2012, served as Executive Chairman until 2023, and had served as Chair of the Board since then. CEO and director David Hart thanked Abbott for his contributions and wished him well.
The Cannabist Company (OTCQB: CBSTF) has announced a strategic partnership with Queen Mary, an award-winning California wellness-focused cannabis brand, to launch rosin-infused gummies in Colorado. The products will be available at all 19 Cannabist Company retail locations across the state.
Founded by Colorado native Tiana Woodruff, Queen Mary specializes in premium edibles made with full-spectrum rosin, adaptogens, and natural vitamins. The initial product lineup includes Enchanted gummies (Strawberry Lemonade) for focus and energy, and Moonstruck gummies (Lavender Blueberry) for relaxation and sleep. A Boost tincture will launch next month.
The partnership includes plans for wholesale distribution to additional Colorado dispensaries beginning in October through The Cannabist Company's distribution network.
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