The Cannabist Company Announces Receipt of Interim Order for Previously Announced Plan of Arrangement
The Cannabist Company Holdings Inc. (OTCQX: CBSTF) has received an interim order from the Ontario Superior Court of Justice for its previously announced plan of arrangement. The order authorizes a special meeting of Senior Noteholders to be held on April 29, 2025, to consider the Transaction.
The meeting will involve holders of three types of notes: 6.0% senior secured convertible notes due June 2025, 9.5% senior secured first-lien notes due February 2026, and 9.0% senior secured convertible notes due March 2027. The Transaction requires approval from at least 66⅔% of votes cast by Senior Noteholders and final court approval.
The record date for determining eligible voters was set at March 7, 2025. Detailed information will be provided in a management information circular to be mailed to Senior Noteholders and filed on SEDAR+.
The Cannabist Company Holdings Inc. (OTCQX: CBSTF) ha ricevuto un'ordinanza temporanea dalla Corte Superiore di Giustizia dell'Ontario per il suo piano di ristrutturazione precedentemente annunciato. L'ordinanza autorizza una riunione speciale dei Portatori di Note Senior che si terrà il 29 aprile 2025, per considerare la Transazione.
La riunione coinvolgerà i detentori di tre tipi di note: note convertibili senior garantite al 6,0% in scadenza a giugno 2025, note senior garantite di primo grado al 9,5% in scadenza a febbraio 2026 e note convertibili senior garantite al 9,0% in scadenza a marzo 2027. La Transazione richiede l'approvazione di almeno il 66⅔% dei voti espressi dai Portatori di Note Senior e l'approvazione finale del tribunale.
La data di registrazione per determinare gli elettori idonei è stata fissata al 7 marzo 2025. Informazioni dettagliate saranno fornite in un circolare informativa della direzione che sarà inviata ai Portatori di Note Senior e depositata su SEDAR+.
The Cannabist Company Holdings Inc. (OTCQX: CBSTF) ha recibido una orden provisional del Tribunal Superior de Justicia de Ontario para su plan de reorganización previamente anunciado. La orden autoriza una reunión especial de los Tenedores de Notas Senior que se llevará a cabo el 29 de abril de 2025, para considerar la Transacción.
La reunión involucrará a los tenedores de tres tipos de notas: notas convertibles senior aseguradas al 6.0% con vencimiento en junio de 2025, notas senior aseguradas de primer gravamen al 9.5% con vencimiento en febrero de 2026, y notas convertibles senior aseguradas al 9.0% con vencimiento en marzo de 2027. La Transacción requiere la aprobación de al menos el 66⅔% de los votos emitidos por los Tenedores de Notas Senior y la aprobación final del tribunal.
La fecha de registro para determinar los votantes elegibles se fijó para el 7 de marzo de 2025. Se proporcionará información detallada en un circular informativa de gestión que se enviará a los Tenedores de Notas Senior y se presentará en SEDAR+.
The Cannabist Company Holdings Inc. (OTCQX: CBSTF)는 이전에 발표된 정관 계획을 위해 온타리오 고등법원으로부터 임시 명령을 받았습니다. 이 명령은 2025년 4월 29일에 거래를 고려하기 위해 Senior Noteholders의 특별 회의를 개최할 수 있도록 승인합니다.
회의는 세 가지 유형의 노트를 보유한 사람들을 포함합니다: 2025년 6월 만기되는 6.0% 선순위 담보 전환사채, 2026년 2월 만기되는 9.5% 선순위 담보 제1 우선권 노트, 2027년 3월 만기되는 9.0% 선순위 담보 전환사채. 이 거래는 Senior Noteholders가 투표한 66⅔% 이상의 승인을 요구하며 최종 법원 승인이 필요합니다.
유권자 자격을 결정하기 위한 기준일은 2025년 3월 7일로 설정되었습니다. 자세한 정보는 Senior Noteholders에게 우편으로 발송될 경영 정보 순환문에 제공되며 SEDAR+에 제출될 것입니다.
The Cannabist Company Holdings Inc. (OTCQX: CBSTF) a reçu une ordonnance provisoire de la Cour supérieure de justice de l'Ontario pour son plan de réorganisation précédemment annoncé. L'ordonnance autorise une réunion spéciale des Détenteurs de Notes Seniors qui se tiendra le 29 avril 2025, pour examiner la Transaction.
La réunion impliquera les détenteurs de trois types de notes : des notes convertibles sécurisées senior à 6,0 % arrivant à échéance en juin 2025, des notes senior sécurisées de premier rang à 9,5 % arrivant à échéance en février 2026, et des notes convertibles sécurisées senior à 9,0 % arrivant à échéance en mars 2027. La Transaction nécessite l'approbation d'au moins 66⅔ % des votes exprimés par les Détenteurs de Notes Seniors et l'approbation finale du tribunal.
La date d'enregistrement pour déterminer les électeurs éligibles a été fixée au 7 mars 2025. Des informations détaillées seront fournies dans un circulaire d'information de gestion qui sera envoyée aux Détenteurs de Notes Seniors et déposée sur SEDAR+.
The Cannabist Company Holdings Inc. (OTCQX: CBSTF) hat eine vorläufige Anordnung des Obersten Gerichtshofs von Ontario für seinen zuvor angekündigten Umstrukturierungsplan erhalten. Die Anordnung genehmigt eine Sonderversammlung der Senior Noteholders, die am 29. April 2025 stattfinden wird, um die Transaktion zu prüfen.
Die Versammlung wird Inhaber von drei Arten von Anleihen umfassen: 6,0% senior gesicherte wandelbare Anleihen mit Fälligkeit im Juni 2025, 9,5% senior gesicherte Erstrang-Anleihen mit Fälligkeit im Februar 2026 und 9,0% senior gesicherte wandelbare Anleihen mit Fälligkeit im März 2027. Die Transaktion erfordert die Zustimmung von mindestens 66⅔% der von den Senior Noteholders abgegebenen Stimmen sowie die endgültige Genehmigung des Gerichts.
Das Stichtagsdatum zur Feststellung der wahlberechtigten Wähler wurde auf den 7. März 2025 festgelegt. Detaillierte Informationen werden in einem Management-Informationsrundschreiben bereitgestellt, das an die Senior Noteholders versendet und bei SEDAR+ eingereicht wird.
- None.
- None.
The Interim Order provides, among other matters, that a special meeting (the “Meeting”) of holders (the “Senior Noteholders”) of: (1) the
The Transaction is subject to approval of, among other things, an affirmative vote of at least 662/3% of the votes cast by Senior Noteholders at the Meeting and issuance of a final order by the Court approving the Plan.
Further details regarding the Transaction will be included in the management information circular (the “Circular”) to be mailed to Senior Noteholders of record as of the Record Date in accordance with applicable securities law and the Interim Order. The Circular will be filed by the Company on SEDAR+ and will be available under the Company’s profile at www.sedarplus.ca.
About The Cannabist Company (f/k/a Columbia Care)
The Cannabist Company, formerly known as Columbia Care, is one of the most experienced cultivators, manufacturers and providers of cannabis products and related services, with licenses in 14 U.S. jurisdictions. The Company operates 84 facilities including 67 dispensaries and 17 cultivation and manufacturing facilities, including those under development. Columbia Care, now The Cannabist Company, is one of the original multi-state providers of cannabis in the
View source version on businesswire.com: https://www.businesswire.com/news/home/20250331820684/en/
Investor & Media Contact
Lee Ann Evans
SVP, Capital Markets & Communications
investor@cannabistcompany.com
Source: The Cannabist Company Holdings Inc.
FAQ
When is The Cannabist Company (CBSTF) holding its special meeting for Senior Noteholders?
What approval percentage does CBSTF need for the Transaction to proceed?
What types of notes are involved in The Cannabist Company's (CBSTF) arrangement plan?
What is the record date for CBSTF Senior Noteholders to be eligible to vote?
