Columbia Care Holdings Archives - Green Market Report

Debra BorchardtSeptember 19, 2023


Columbia Care Inc. (NEO: CCHW) (OTCQX: CCHWF) is changing its legal name to The Cannabist Company Holdings Inc. as it aligns more closely with its retail store name. The company is rebranding to The Cannabist Company and is also changing its trading symbols on the CBOE Canada to “CBST” and “CBST.WT”, respectively, for the common shares and warrants.

“The rebrand to The Cannabist Company marks an incredibly pivotal moment for us as an organization and speaks to where we are heading. When we launched Cannabist, we wanted to create a brand that could evolve with the rapidly growing industry and serve as the hub for all customers, regardless of what brought them in our doors. As we’ve opened Cannabists across the country, it became clear to us that the ethos behind that retail brand represented our company as a whole – a passion for cannabis that we all share and fuels our work every day. The introduction of our Cannabist retail experience has paved the way for a new level of innovation and customer engagement and we felt it was the right time for us to step into a new future together as Cannabists,” said Jesse Channon, Chief Commercial Officer, The Cannabist Company.

Cannabist was launched in 2021 as the company’s national retail brand, which now accounts for 36 locations across the country. The company said it will continue the process of converting its stores to the Cannabist brand across the country in 2024.

“This marks an important milestone in the company’s evolution, signaling a fresh chapter and solidifying our commitment to providing an eco-system of collaborative technologies, products, and services. We want to connect consumers to the best cannabis, customers to the best experiences, partners to the best opportunities, and communities to the best in each other. Since our founding, we have been focused on providing high-quality products, as well as extraordinary service, to our customers and patients, and this commitment to our community will always be at our core. The Cannabist Company represents an opportunity to reintroduce ourselves in a way that combines our trusted heritage, passion for what we do, and the vision for where we are heading as a company and as an industry,” said Nicholas Vita, CEO, of The Cannabist Company.


StaffJuly 31, 2023


The Daily Hit is a recap of the top financial news stories for July 31, 2023.

On the Site

Columbia Care, Cresco Labs Sack $2 Billion Megadeal

After months of swirling doubt and some bought time, Cresco Labs (CSE: CL) (OTC: CRLBF) and Columbia Care (Cboe/NEO: CCHW) (CSE: CCHW) (OTC: CCHWF) have mutually agreed to terminate their planned $2 billion merger, according to announcements from both companies Monday. Read more here.

Eaze Hit with New Lawsuit Alleging Fraud in Green Dragon Merger

A two-year-old acquisition deal of multistate operator Green Dragon by California-based Eaze is now the subject of a fraud lawsuit filed by the former owners of Green Dragon, who say the deal wouldn’t have gone through if Eaze had been honest about its precarious financial situation. Read more here.

MariMed Sues Nevada Cultivator Over Failed $2.4M Deal

Massachusetts-based multistate operator MariMed (OTCQX: MRMD) is suing a Nevada cultivation company, The Harvest Foundation LLC, claiming the owners lost their state-issued licenses to grow cannabis before a multimillion-dollar sale was finalized. Read more here.

Seven Unlicensed Cannabis Shops Shuttered in Upstate New York

Officials from the New York Office of Cannabis Management, the attorney general’s office, and Gov. Kathy Hochul’s office cooperated on the raids, which took place at locations operating under the “I’m Stuck” brand, owned by David Tulley who has been selling cannabis without a permit “since at least early 2022.” Read more here.

New York’s First Recreational Marijuana Shop Sold $12 Million in Six Months

Housing Works, the first legal adult-use marijuana shop to open for business in New York, announced Monday that it sold $12 million in cannabis in its first six months of operations. It opened its doors just two days before New Year’s Eve. Read more here.

Michigan’s Largest Marijuana Dispensaries by Retail Location

Michigan’s marijuana industry is among the most competitive industry in the state. With basement-low wholesale prices, the industry is becoming increasingly more vertically-integrated. The most profitable way to do business in weed is for growers to be sellers, realizing margins on both sides of the business. Read more here.

In Other News


One of Connecticut’s four active cannabis producers has new ownership following foreclosure proceedings, according to a filing with the Securities and Exchange Commission. The new owners of Theraplant is a company called NewCo, which is a subsidiary of East Hampton N.Y.-based DXR Holdco. Read more here.

4Front Ventures Corp.

4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) entered into a definitive agreement with its senior secured lender, LI Lending LLC, to extend the maturity date, reduce the interest payable, and expand the third-party financings available under the Dec. 17, 2020 Amended and Restated Loan and Security Agreement. Under the Extension, the lender has extended the maturity date of the loan to May 1, 2026, and reduced the interest payable to 12.0% per year, payable monthly. Read more here.

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