Cannabist Company Undertakes Strategic Restructuring

Cannabist Company Holdings (TSE:CBST) has released an update.

The Cannabist Company is streamlining its operations with a corporate restructuring aimed at achieving annual savings of $10 million and focusing on growth markets. This includes divesting its Florida assets and licenses and preparing for adult-use cannabis transitions in Ohio and Delaware. The strategic overhaul aims to bolster profitability, enhance margins, and lead to sustainable long-term growth.

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