THE CANNABIST CO HLDG - CBSTF STOCK NEWS

The Cannabist Company Holdings Inc. (NEO: CBST) (OTCQX: CBSTF) (FSE: 3LP) has been approved by the New York Office of Cannabis Management for adult-use wholesale distribution, which will commence immediately, and adult-use retail sales. The company will supply its popular brands including Seed & Strain and Hedy edibles to both existing and newly approved adult-use dispensaries across the state. The company is one of the leading medical wholesale distributors in the state with existing partnerships across 20 dispensaries and operates four retail locations in Brooklyn, Manhattan, Riverhead, and Rochester. The company has nearly 800,000 total square feet of cultivation and manufacturing space across its two facilities in Rochester and Riverhead. The expansion of adult-use sales in New York is a historic moment for the industry, and The Cannabist Company is poised to be one of the largest producers and wholesale suppliers in the market.

The Cannabist Company Holdings Inc. (NEO: CBST) (OTCQX: CBSTF) (FSE: 3LP) announced a partnership with Old Pal, a top-performing lifestyle cannabis flower brand, to introduce Old Pal to new markets and provide a path to remain in previously successful states across the U.S. The collaboration will start in Maryland and Virginia and expand to additional states across The Cannabist Company's dispensary network in 2024. Old Pal is currently available in more than 10 major markets and is positioned in the top 10% for brand awareness in the cannabis industry. The partnership will involve the production of Old Pal's unique 14g Ready to Roll kit, 1g vapes, and Palitos pre-roll packs. The Cannabist Company's Chief Commercial Officer, Jesse Channon, emphasized the importance of meeting the needs of patients and customers, while Old Pal's Co-founder and CEO, Rusty Wilenkin, expressed excitement about the collaboration and the opportunity to bring Old Pal's quality and lifestyle to a broader consumer audience.

The Cannabist Company Holdings Inc. (CBST) announced a new partnership with Airo Brands to bring Airo's vaporization products to their dispensaries in Delaware, with plans to expand to other markets. Airo will offer its premium vapor systems and unique oil formulations, catering to the growing needs of the cannabis industry.

The Cannabist Company Holdings Inc. (NEO: CBST) (OTCQX: CBSTF) (FSE: 3LP) announced the launch of its award-winning flower brands, Seed & Strain and Classix, in the Florida market. This expansion marks the 15th U.S. market for Classix and Seed & Strain. The products will be available at all 14 Cannabist locations in Florida, offering a broad range of flower strains to meet the needs of patients. The Company also plans to introduce Vape carts, additional flower strains, and edibles in the coming months.

The Cannabist Company Holdings Inc. (NEO: CBST) (OTCQX: CBSTF) (FSE: 3LP) announced a normal course issuer bid (NCIB) to purchase up to 15,000,000 of its common shares, representing approximately 3.6% of its issued and outstanding Common Shares. The NCIB is subject to the approval of the CBOE Canada Exchange. The company believes that the market price of its Common Shares may not reflect the underlying value of the Company’s business and prospects, leading to the decision to repurchase shares. The NCIB period is expected to begin on or around November 16, 2023, and end at the latest on or around November 15, 2024.

The Cannabist Company Holdings Inc. (NEO: CBST) (OTCQX: CBSTF) (FSE: 3LP) reported its Q3 2023 financial and operating results, showing stable revenue of $129 million and Adjusted EBITDA of over $20 million. The company's operational highlights include retail and wholesale revenue growth, expansion into new markets, and brand initiatives. The company also saw a 60% increase in cash, announced voluntary delisting from the CSE, and closed a $25 million unit offering.

The Cannabist Company Holdings Inc. (NEO: CBST) (OTCQX: CBSTF) (FSE: 3LP) announced the successful election of all nine nominees for the board of directors at the annual general and special meeting. Shareholders also approved the re-appointment of Davidson & Company LLP as auditor and amendments to the Company’s amended and restated Omnibus Long Term Incentive Plan.

The Cannabist Company will report its Q3 2023 financial results on November 14, 2023.

The Cannabist Company Holdings Inc. announces a partial redemption of its 13% senior secured notes due in 2024, redeeming $25 million of the $38.2 million principal amount. Holders of the redeemed notes will receive a redemption price of $1,010 for each $1,000 principal amount plus accrued interest. The company expects to reduce overall interest expense by $3.25 million annually.