Business
The Cannabist Company Announces Closing on Sale of Affiliate; Repositioning to a Wholesale Strategy in Pennsylvania
NEW YORK, August 18, 2025--The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQB: CBSTF) ("The Cannabist Company" or the "Company"), one of the most experienced cultivators, manufacturers and retailers of cannabis products in the U.S., announced today the successful closing of the sale of its Pennsylvania affiliate that owns 3 medical dispensaries ("Pennsylvania Transaction") to VP Investment Holdings, LLC ("VP Holdings"). VP Holdings is comprised of principals from a leading privately-held
About this update from Cannabist Company Holdings Inc
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":2303,"height":464,"url":"https://media.zenfs.com/en/business-wire.com/4c9cc69f3bfc9999837f8a2298b29e03"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/x0Pf8yDG1q0.qXdR7g1teQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTE5MztjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/4c9cc69f3bfc9999837f8a2298b29e03","width":960,"height":193},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/4.oMFWSGb6FjdTO.ZoqcOg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD00ODQ7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/4c9cc69f3bfc9999837f8a2298b29e03","width":1200,"height":242}},"lazy":false},{"type":"text","content":"NEW YORK, August 18, 2025--(BUSINESS WIRE)--The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQB: CBSTF) ("The Cannabist Company" or the "Company"), one of the most experienced cultivators, manufacturers and retailers of cannabis products in the U.S., announced today the successful closing of the sale of its Pennsylvania affiliate that owns 3 medical dispensaries ("Pennsylvania Transaction") to VP Investment Holdings, LLC ("VP Holdings"). VP Holdings is comprised of principals from a leading privately-held dispensary operator in Pennsylvania, Restore Integrative Wellness Center, LLC. The sale will include a concurrent supply agreement with VP Holdings for products produced by Cannabist’s grow/processing affiliate, Green Leaf Medicals, LLC ("gLeaf"). This strategic Pennsylvania Transaction accelerates The Cannabist Company’s wholesale cultivation presence by enhancing the commercialization of its state-of-the-art grow-processor facility located in Saxton, Pennsylvania, while continuing to serve the broader medical market through high-quality medical marijuana.","length":1131,"tagName":"p"},{"type":"text","content":"Pennsylvania Transaction Highlights","length":35,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"VP Holdings acquired Columbia Care Pennsylvania LLC, from Columbia Care LLC via Equity Purchase Agreement for approximately $10 million in cash paid at closing.","length":160,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Columbia Care Pennsylvania’s 3 operational medical dispensaries are located i...