Cannabist Company extends forbearance on 2028 secured notes

The Cannabist Company Holdings Inc. entered into an amendment to its existing forbearance arrangements with holders of its 9.25% Senior Secured Notes due December 31, 2028 and 9.00% Senior Secured Convertible Notes due December 31, 2028.

Rhea-AI Filing Summary

The Cannabist Company Holdings Inc. entered into an amendment to its existing forbearance arrangements with holders of its 9.25% Senior Secured Notes due December 31, 2028 and 9.00% Senior Secured Convertible Notes due December 31, 2028. These noteholders agreed to extend their commitment to forbear from exercising rights and remedies under the indenture and applicable law until March 17, 2026, giving the company additional time under the current agreement.

Positive

• None.

Negative

• Forbearance extension on senior secured notes – Noteholders of the 9.25% Senior Secured Notes and 9.00% Senior Secured Convertible Notes agreed to continue forbearing from exercising rights and remedies only until March 17, 2026, highlighting ongoing creditor negotiations around these 2028-maturity obligations.

Insights

Credit & capital structure analyst

Forbearance on secured notes extended, signaling ongoing creditor negotiations.

The Cannabist Company obtained a further extension of forbearance from holders of its 9.25% Senior Secured Notes and 9.00% Senior Secured Convertible Notes, both due December 31, 2028. Noteholders agreed not to exercise rights and remedies under the amended and restated indenture and applicable law until March 17, 2026.

This extension indicates that discussions between the company and its secured creditors are continuing under a structured agreement. Forbearance means creditors are temporarily refraining from enforcement actions, which can be important when a company is working through financial or covenant issues tied to these notes.

The updated forbearance date of March 17, 2026 is now a key milestone for this capital structure. Future disclosures in company filings may clarify whether the parties reach a longer-term solution for the 2028 notes or adjust terms further.

8-K Event Classification

Item 1.01 — Entry into a Material Definitive Agreement

1 item

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What agreement did The Cannabist Company (CBSTF) enter into on March 6, 2026?

The Cannabist Company entered into an updated arrangement with an ad hoc group of noteholders. They extended a forbearance agreement covering the company’s senior secured notes, under which those noteholders agree not to exercise rights and remedies until March 17, 2026.

Which notes are covered by The Cannabist Company’s latest forbearance extension?

The extension covers the 9.25% Senior Secured Notes due December 31, 2028 and the 9.00% Senior Secured Convertible Notes due December 31, 2028. These instruments are collectively referred to as the Notes and are governed by an amended and restated indenture.

How long will The Cannabist Company noteholders continue to forbear from enforcing rights?

The ad hoc group of noteholders agreed to forbear from exercising their rights and remedies until March 17, 2026. During this period, they are refraining from actions otherwise available under the amended and restated indenture governing the Notes and applicable law.

Who are the noteholders involved in The Cannabist Company (CBSTF) forbearance agreement?

The agreement involves an ad hoc group of noteholders of The Cannabist Company’s 9.25% Senior Secured Notes and 9.00% Senior Secured Convertible Notes. These noteholders are parties to a previously announced forbearance agreement that has now been further extended.

What does the forbearance agreement mean for The Cannabist Company’s secured notes?

The forbearance agreement means certain noteholders are temporarily not exercising rights and remedies tied to the secured notes. This pause lasts until March 17, 2026 and applies under the amended and restated indenture and applicable law, providing time under the existing framework.

What forward-looking statement cautions did The Cannabist Company include with this update?

The company noted that the update contains forward-looking statements about plans, strategies, and future events. It highlighted risks, uncertainties, and factors described in its Form 10-K for 2024, Form 10-Q for September 30, 2025, and subsequent Form 10-Q filings with regulators.

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Accepted by SEC EDGAR 03/09/2026 - 11:55 AM Learn about SEC filing dates

false000177673800017767382026-03-062026-03-06

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

____________________

FORM 8-K

____________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): March 6, 2026

____________________

THE CANNABIST COMPANY HOLDINGS INC.

(Exact Name of Registrant as specified in its charter)

____________________

British Columbia			000-56294			98-1488978
(State or Other Jurisdiction of Incorporation)			(Commission File Number)			(IRS Employer Identification No.)

321 Billerica Road Chelmsford, Massachusetts			01824
(Address of principal executive offices)			(Zip Code)

(978) 910-1486

(Registrant’s telephone number, including area code)

Not Applicable

(Registrant’s name or former address, if change since last report)

____________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: None.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging Growth Company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement.

On March 6, 2026, The Cannabist Company Holdings Inc. (“The Cannabist Company” or “the Company”) announced that the ad hoc group of noteholders of the Company’s 9.25% Senior Secured Notes due December 31, 2028 and the 9.00% Senior Secured Convertible Notes due December 31, 2028 (collectively, the “Notes”), which are parties to the previously announced forbearance agreement with the Company, have agreed to a further extension and to forbear from exercising any of their rights and remedies under the amended and restated indenture, as supplemented, governing the Notes and applicable law, until March 17, 2026.

Forward-Looking Statements

This Current Report contains “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995 and corresponding Canadian securities laws. Such forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company’s beliefs regarding use of proceeds, future events, plans, strategies, or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s control. Generally, such forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “future”, “scheduled”, “estimates”, “forecasts”, “projects,” “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases, or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. Forward-looking statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking statements herein, as well as the risk factors described in the Company’s annual report on Form 10-K for the year ended December 31, 2024, its quarterly report on Form 10-Q for the quarter ended September 30, 2025, and any subsequent quarterly reports on Form 10-Q, in each case, filed with the U.S. Securities and Exchange Commission at www.sec.gov and in Canada on SEDAR+, available at www.sedarplus.ca. The forward-looking statements contained in this Current Report are made as of the date of this Current Report, and the Company does not undertake to update any forward-looking information or forward-looking statements that are contained or referenced herein, except as may be required in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this notice regarding forward-looking information and statements.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			THE CANNABIST COMPANY HOLDINGS INC.
			By:			/s/ David Sirolly
			Name:			David Sirolly
			Title:			Chief Legal Officer & General Counsel

Date: March 9, 2026

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 19.6 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 11.2 KB