Columbia Care Inc. completed the acquisition of Green Leaf Medical, LLC. (2024)

THE CANNABIST COMPANY HOLDINGS INC.

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The Cannabist Company Holdings Inc. NEO Exchange

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CBST

CA13765Y1034

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23:00:00 18/04/2024 BST
5-day change 1st Jan Change
0.395 CAD -5.95% Columbia Care Inc. completed the acquisition of Green Leaf Medical, LLC. (2) -3.66% -33.05%
04-16 The Cannabist Company Holdings Inc. Announces Launch of Its Triple Seven Brand in New York and Florida CI
04-04 The Cannabist Company Holdings Inc. Announces New Multi-State Retail, Manufacturing and Wholesale Partnership with Women-Led Brand, Flower by Edie Parker CI

June 10, 2021

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Columbia Care Inc. (CNSX:CCHW) signed a definitive agreement to acquire Green Leaf Medical, LLC for approximately $250 million on December 21, 2020. At closing, Columbia will make a payment of $240 million, consisting of a cash payment of $45 million with the balance being satisfied by the issuance of 43,900,144 common shares of the Columbia with the potential for additional performance-based milestone payments in 2022 and 2023. Upon closing of the transaction, the entire Green Leaf management team will be retained and its Chief Executive Officer and Co-Founder, Philip Goldberg, is expected to join Columbia Care’s Board of Directors. The acquisition of Green Leaf is subject to regulatory, unit holder approval and the waiting period required by the HSR Act and the regulations promulgated thereunder shall have expired or been terminated. The transaction is expected to close in the summer of 2021. As of March 3, 2021, the transaction is expected to close in the 3rd quarter of this year. The transaction is immediately accretive to gross margin, Adjusted EBITDA and Cash Flow from Operations with Acquisition Multiple of Approximately 4.8x 2021 Adjusted EBITDA. Canaccord Genuity Corp. is serving as lead financial advisor with Alliance Global Partners as co-advisor, and Erica Rice, Kip Cawley, Shir Wisenberg, Terry Martland, Jesse Alderman, Josh Jarvis, Jeff Ganguly, Chris Feudo and Austin Ownbey of Foley Hoag LLP is serving as legal counsel to Columbia Care. INFOR Financial Inc. acted as the exclusive financial advisor and Eric Foster, Eric P. Berlin and R. Matthew Garms of Dentons US LLP acted as legal counsel to Green Leaf.Columbia Care Inc. (CNSX:CCHW) completed the acquisition of Green Leaf Medical, LLC on June 11, 2021.

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© S&P Capital IQ - 2021

Latest news about The Cannabist Company Holdings Inc.

The Cannabist Company Holdings Inc. Announces Launch of Its Triple Seven Brand in New York and Florida CI
The Cannabist Company Holdings Inc. Announces New Multi-State Retail, Manufacturing and Wholesale Partnership with Women-Led Brand, Flower by Edie Parker CI
The Cannabist Company Holdings Inc. announced that it has received $19.5 million in funding CI
The Cannabist Company Holdings Inc. announced that it expects to receive $19.5 million in funding CI
The Cannabist Company Holdings Inc. Reports Earnings Results for the Full Year Ended December 31, 2023 CI
Transcript : The Cannabist Company Holdings Inc., Q4 2023 Earnings Call, Mar 13, 2024
The Cannabist Company Holdings Inc. Reports Impairment Charges for the Fourth Quarter Ended December 31, 2023 CI
An unknown buyer completed the acquisition of Retail Location of The Cannabist Company Holdings Inc. (OTCPK:CBST.F). CI
The Cannabist Company Expands Retail and Wholesale Partnership with Airo CI
The Cannabist Company Holdings Inc. Announces Partnership with Revelry Herb Co CI
The Cannabist Company Holdings Inc. Appoints Jesse Channon as President CI
The Cannabist Company Announces executive Changes CI
The Cannabist Company Holdings Inc. Expands Collaboration with ButACake to New Jersey CI
The Cannabist Company Holdings Inc. Announces New Multi-State Retail and Wholesale Partnership with Airo Brands CI
CI
The Cannabist Company Holdings Inc. (OTCPK:CBST.F) announces an Equity Buyback for 15,000,000 shares, for CAD 5 million. CI
The Cannabist Company Holdings Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023 CI
Transcript : The Cannabist Company Holdings Inc., Q3 2023 Earnings Call, Nov 14, 2023
An unknown buyer entered into a definitive agreement to acquire a Retail Location of The Cannabist Company Holdings Inc. (OTCPK:CBST.F). CI
Transcript : The Cannabist Company Holdings Inc. - Shareholder/Analyst Call
The Cannabist Company Holdings Inc. authorizes a Buyback Plan. CI
The Cannabist Company Holdings Inc. has Changed its Ticker to CBST.F from CCHWF CI
Columbia Care Inc. will Change its Ticker to CBST from CCHW.F CI
Columbia Care Inc. will Change its Name to The Cannabist Company Holdings Inc CI
The Cannabist Company Holdings Inc. announced that it has received $24.999978 million in funding CI

Chart The Cannabist Company Holdings Inc.

Columbia Care Inc. completed the acquisition of Green Leaf Medical, LLC. (3)

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Company Profile

The Cannabist Company Holdings Inc. is a cultivator, manufacturer and provider of cannabis products and related services, with licenses in 15 United States jurisdictions. The Company’s principal business activity is the production and sale of cannabis as regulated by the regulatory bodies and authorities of the jurisdictions in which it operates. The Company operates approximately 124 facilities, including 93 dispensaries and 31 cultivation and manufacturing facilities, including those under development. The Company is a multi-state provider of cannabis in the United States and delivers products and services to both the medical and adult-use markets. Its retail brand, Cannabist, creates a national dispensary network that leverages proprietary technology platforms. The Company offers products spanning flower, edibles, oils and tablets, and manufactures brands including Seed & Strain, Triple Seven, Hedy, gLeaf, Classix, Press, and Amber.

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Calendar

08/05/2024 - Q1 2024 Earnings Release

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Ratings for The Cannabist Company Holdings Inc.

Trading Rating

Investor Rating

ESG Refinitiv

C

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Analysts' Consensus

Sell

Columbia Care Inc. completed the acquisition of Green Leaf Medical, LLC. (4)

Buy

Mean consensus

BUY

Number of Analysts

8

Last Close Price

0.2803USD

Average target price

1.038USD

Spread / Average Target

+270.32%

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Quarterly earnings - Rate of surprise

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Columbia Care Inc. completed the acquisition of Green Leaf Medical, LLC. (14)

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Columbia Care Inc. completed the acquisition of Green Leaf Medical, LLC. (2024)

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