Cannabist Stock Price, News & Analysis

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.

The Cannabist Company Holdings (OTCQB: CBSTF), a leading U.S. cannabis cultivator, manufacturer, and retailer, held its annual general meeting on September 24, 2025. All seven director nominees were successfully elected to the board, with Peter Lee and Thomas Lynch receiving the highest approval rates of approximately 86.7% each.

Shareholders also approved the re-appointment of PKF O'Connor Davies LLP as the company's auditor and authorized directors to determine their compensation. The voting results have been filed on SEDAR+.

The Cannabist Company (CBSTF) announced the grand opening of Cannabist Norwalk, its sixth dispensary in Ohio, scheduled for September 10, 2025. Located at 383 Milan Avenue, this marks the company's first Cannabist-branded dispensary in Ohio and the first cannabis dispensary in Huron County.

The dual-use licensed location will serve both medical patients and adult-use customers, offering a diverse product range including house brands like Classix, Seed & Strain, and Triple Seven, alongside over 100 third-party brands. The company plans to open its seventh Ohio location in Saint Clairsville later in 2025, expanding its retail presence throughout the state.