Cannabist Company Holdings ( (TSE:CBST) ) has provided an update.
The Cannabist Company announced that the Ontario Superior Court of Justice has granted an interim order for its plan of arrangement under the Canada Business Corporations Act. This plan involves the company and its subsidiaries, with a special meeting scheduled for Senior Noteholders to vote on the transaction. The transaction requires a two-thirds majority vote from Senior Noteholders and a final court order for approval. The outcome of this arrangement could significantly impact the company’s financial structure and market positioning.
More about Cannabist Company Holdings
The Cannabist Company, formerly known as Columbia Care, is a leading cultivator, manufacturer, and retailer of cannabis products in the U.S., operating in 14 jurisdictions with 84 facilities, including dispensaries and cultivation sites. The company offers a wide range of cannabis products and has established a national dispensary network under the Cannabist brand, leveraging proprietary technology platforms.
YTD Price Performance: -32.35%
Average Trading Volume: 968,915
Technical Sentiment Signal: Buy
Current Market Cap: $159.2M
Learn more about CBST stock on TipRanks’ Stock Analysis page.