Business

The Cannabist Company Enters Into Forbearance Agreement With Senior Secured Noteholders

CHELMSFORD, Mass., January 30, 2026--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 United States, today announced that it has entered into a forbearance agreement (the "Forbearance Agreement"), with an ad hoc group of noteholders (the "Forbearing Noteholders") of the Company’s 9.25% Senior Secured Notes due December 31, 2028 (the "9.25%

articleCannabist Company Holdings IncJanuary 30, 20265/company/cannabist-company-holdings-inc/news/the-cannabist-company-enters-into-forbearance-agreement-with-senior-secured-noteholders
The Cannabist Company Enters Into Forbearance Agreement With Senior Secured Noteholders

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/66c071c2858144071ad747354ee03ff7"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/kq6_aUtwpa.568yYUjN0NQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTE5MztjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/66c071c2858144071ad747354ee03ff7","width":960,"height":193},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/CgROwp4BkW9.C7KNE8qo3g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD00ODQ7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/66c071c2858144071ad747354ee03ff7","width":1200,"height":242}},"lazy":false},{"type":"text","content":"CHELMSFORD, Mass., January 30, 2026--(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 United States, today announced that it has entered into a forbearance agreement (the "Forbearance Agreement"), with an ad hoc group of noteholders (the "Forbearing Noteholders") of the Company’s 9.25% Senior Secured Notes due December 31, 2028 (the "9.25% Senior Secured Notes") and the 9.00% Senior Secured Convertible Notes due December 31, 2028 (the "9.00% Senior Secured Convertible Notes" and together with the 9.25% Senior Secured Notes, the "Notes"). The Forbearing Noteholders collectively hold more than 75% of the aggregate principal amount of Notes outstanding.","length":904,"tagName":"p"},{"type":"text","content":"On December 31, 2025, the Company elected not to make the interest payments due on the Notes (the "December 31 Interest Payments") under the amended and restated indenture, as supplemented, governing the Notes (the "Indenture") to enhance its short-term financial flexibility and preserve liquidity as it continues to evaluate strategic alternatives following the recent announcement of the sale of its Virginia assets to an affiliate of Millstreet Credit Fund LP. The failure to make the December 31 Interest Payments on the due date did not constitute an event of default under the Indenture. However, the non-payment of the December 31 Interes...

More updates from Cannabist Company Holdings Inc

The CompanyCompanyforbearance agreementSenior Secured NotesConvertible NotesForbearing Noteholderscannabis productsColumbia CareForward-Looking Statements