The Cannabist Company Holdings Inc. completed the previously announced sale of substantially all assets related to its Delaware operations to Arboretum PermitCo LLC for total consideration of $16.5 million.
The consideration includes $14.025 million payable at closing, subject to working capital adjustments, and $2.475 million held in escrow for up to twelve months under specified release conditions. The company is operating under Companies’ Creditors Arrangement Act proceedings in Canada with related Chapter 15 relief in the U.S. Following the closing, the Audit Committee determined the company cannot continue SEC periodic reporting without unreasonable effort and expense, and it does not intend to file its Form 10-K for 2025 or any future Form 10-Qs.
The Cannabist Company Holdings Inc. completed the previously announced sale of substantially all assets related to its Delaware operations to Arboretum PermitCo LLC for total consideration of $16.5 million.
The consideration includes $14.025 million payable at closing, subject to working capital adjustments, and $2.475 million held in escrow for up to twelve months under specified release conditions. The company is operating under Companies’ Creditors Arrangement Act proceedings in Canada with related Chapter 15 relief in the U.S. Following the closing, the Audit Committee determined the company cannot continue SEC periodic reporting without unreasonable effort and expense, and it does not intend to file its Form 10-K for 2025 or any future Form 10-Qs.