Cannabist Company extends noteholder forbearance

The Cannabist Company Holdings Inc. entered into an amended forbearance arrangement with an ad hoc group of 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 amended forbearance arrangement with an ad hoc group of holders of its 9.25% Senior Secured Notes due December 31, 2028 and 9.00% Senior Secured Convertible Notes due December 31, 2028. The noteholders agreed to further extend their agreement to forbear from exercising rights and remedies under the governing indenture and applicable law until March 25, 2026, giving the company a short additional period of relief while it addresses its obligations under these secured notes.

Positive

• None.

Negative

• Further forbearance extension on senior secured notes indicates ongoing financial and capital structure stress, as noteholders must again agree to delay exercising their rights only through March 25, 2026.

Insights

Credit & restructuring analyst

Short forbearance extension underscores ongoing balance sheet stress.

The Cannabist Company obtained another brief extension of forbearance from holders of its 9.25% Senior Secured Notes and 9.00% Senior Secured Convertible Notes, now running through March 25, 2026. Noteholders are agreeing not to exercise contractual remedies during this window.

This type of arrangement typically follows covenant issues or payment stress, and the need for repeated, short extensions often signals continued financing pressure. Senior secured noteholders sit high in the capital structure, so their stance is important for all stakeholders.

The current extension expires on March 25, 2026, so subsequent disclosures around that date will be key to understanding whether the company reaches a longer-term solution, negotiates further extensions, or faces potential enforcement actions by these creditors.

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 did The Cannabist Company (CBSTF) announce regarding its senior secured notes?

The Cannabist Company announced that an ad hoc group of holders of its 9.25% Senior Secured Notes and 9.00% Senior Secured Convertible Notes agreed to further extend a forbearance, temporarily refraining from exercising their rights and remedies under the notes.

How long does the new forbearance extension for CBSTF’s notes last?

The new forbearance extension lasts until March 25, 2026. Until that date, the ad hoc group of noteholders has agreed to forbear from exercising rights and remedies under the amended and restated indenture governing the senior secured and senior secured convertible notes.

Which specific CBSTF notes are covered by the extended forbearance agreement?

The extension covers The Cannabist Company’s 9.25% Senior Secured Notes due December 31, 2028 and 9.00% Senior Secured Convertible Notes due December 31, 2028. These two instruments are collectively referred to as the Notes in the company’s disclosure.

Why is the forbearance extension on CBSTF’s notes important for investors?

The forbearance extension is important because it shows senior secured creditors are delaying enforcement of their rights only through March 25, 2026. This highlights continued balance sheet pressure and the need for the company to negotiate a longer-term solution with noteholders.

Does The Cannabist Company provide any forward-looking statements with this noteholder update?

Yes. The Cannabist Company includes extensive forward-looking statements language, noting that comments about future events, plans, strategies, and use of proceeds involve risks and uncertainties, and are qualified by risk factors in its Form 10-K and Form 10-Q filings.

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Accepted by SEC EDGAR 03/18/2026 - 05:38 PM Learn about SEC filing dates

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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 17, 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 17, 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 25, 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 18, 2026

Filing Exhibits & Attachments

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• 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