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The Cannabist Company Expands Collaboration with Minority-Owned Edibles Company, ButACake, to Maryland Market

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The Cannabist Company (OTCQX: CBSTF) has expanded its collaboration with ButACake, a minority-owned edibles company, to the Maryland market. This expansion includes the launch of ButACake's popular oral dissolvable strips in 10mg, 2-pack varieties of Ginger Peach, Chocolate Mint, and Blue Blizzard. The products are available at select gLeaf and Columbia Care locations in Maryland.

This marks ButACake's third market entry, following successful launches in Delaware (April 2023) and New Jersey (late 2023). ButACake, founded by pastry chef Matha Figaro in 2015, has become a top-selling edibles brand at Cannabist locations in Delaware and New Jersey. The collaboration allows The Cannabist Company to diversify its product offerings and increase capacity at its facilities to meet growing market demands.

The Cannabist Company (OTCQX: CBSTF) ha ampliato la sua collaborazione con ButACake, un'azienda di prodotti alimentari di proprietà di minoranza, nel mercato del Maryland. Questa espansione include il lancio delle popolari strisce orali dissolvibili di ButACake in confezioni da 10mg e 2 pezzi nei gusti Zenzero Pesca, Menta al Cioccolato e Blue Blizzard. I prodotti sono disponibili in alcuni punti vendita gLeaf e Columbia Care nel Maryland.

Questo segna il terzo ingresso sul mercato di ButACake, dopo i lanci di successo in Delaware (aprile 2023) e New Jersey (fine 2023). ButACake, fondata dalla pasticcera Matha Figaro nel 2015, è diventata un marchio di edibles leader presso le sedi Cannabist in Delaware e New Jersey. La collaborazione consente a The Cannabist Company di diversificare la sua offerta di prodotti e aumentare la capacità nelle sue strutture per soddisfare la crescente domanda del mercato.

The Cannabist Company (OTCQX: CBSTF) ha ampliado su colaboración con ButACake, una empresa de comestibles de propiedad minoritaria, en el mercado de Maryland. Esta expansión incluye el lanzamiento de las populares tiras orales disolventes de ButACake en variedades de 10mg, 2 paquetes de Jengibre Durazno, Chocolate Menta y Blue Blizzard. Los productos están disponibles en ubicaciones selectas de gLeaf y Columbia Care en Maryland.

Esto marca la tercera entrada al mercado de ButACake, después de lanzamientos exitosos en Delaware (abril de 2023) y Nueva Jersey (finales de 2023). ButACake, fundada por la chef pastelera Matha Figaro en 2015, se ha convertido en una de las marcas de comestibles más vendidas en las ubicaciones de Cannabist en Delaware y Nueva Jersey. La colaboración permite a The Cannabist Company diversificar su oferta de productos y aumentar la capacidad en sus instalaciones para satisfacer la creciente demanda del mercado.

The Cannabist Company(OTCQX: CBSTF)는 ButACake와의 협력을 확장하여 메릴랜드 시장에 진출했습니다. 이번 확장은 ButACake의 인기 구강 용해성 스트립을 10mg, 2팩으로 출시하는 것을 포함합니다. 맛은 생강 복숭아, 초콜릿 민트 및 블루 블리자드입니다. 이 제품들은 메릴랜드의 gLeaf 및 Columbia Care의 일부 매장에서 구매할 수 있습니다.

이는 ButACake의 세 번째 시장 진입으로, 2023년 4월 델라웨어와 2023년 말 뉴저지에서의 성공적인 런칭에 이어 이루어진 것입니다. 2015년 제과사 Matha Figaro에 의해 설립된 ButACake는 델라웨어와 뉴저지의 Cannabist 매장에서 최상위 판매 에디블 브랜드가 되었습니다. 이 협력은 The Cannabist Company에게 제품군을 다양화하고 시설의 용량을 증가시켜 늘어나는 시장 수요를 충족할 수 있는 기회를 제공합니다.

The Cannabist Company (OTCQX: CBSTF) a élargi sa collaboration avec ButACake, une entreprise de confiseries appartenant à des minorités, sur le marché du Maryland. Cette expansion comprend le lancement des populaires bandes dissociables orales de ButACake en variétés de 10mg, conditionnées par 2, avec les saveurs Pêche au Gingembre, Chocolat Menthe et Blizzard Bleu. Les produits sont disponibles dans certains points de vente gLeaf et Columbia Care au Maryland.

Ceci marque la troisième entrée sur le marché de ButACake, après des lancements réussis dans le Delaware (avril 2023) et le New Jersey (fin 2023). ButACake, fondée par la chef pâtissière Matha Figaro en 2015, est devenue une marque de confiseries parmi les mieux vendues dans les établissements Cannabist dans le Delaware et le New Jersey. Cette collaboration permet à The Cannabist Company de diversifier son offre de produits et d'augmenter sa capacité dans ses installations pour répondre à la demande croissante du marché.

The Cannabist Company (OTCQX: CBSTF) hat ihre Zusammenarbeit mit ButACake, einer von Minderheiten geführten Firma im Bereich Esswaren, auf den Markt in Maryland ausgeweitet. Diese Expansion umfasst die Einführung der beliebten oral löslichen Streifen von ButACake in 10mg, 2-Packs mit den Geschmacksrichtungen Ingwer-Pfirsich, Schokoladen-Minze und Blaues Blizzard. Die Produkte sind an ausgewählten Standorten von gLeaf und Columbia Care in Maryland erhältlich.

Dies markiert den dritten Markteintritt von ButACake, nach erfolgreichen Markteinführungen in Delaware (April 2023) und New Jersey (Ende 2023). ButACake, gegründet von der Pâtissière Matha Figaro im Jahr 2015, ist zur meistverkauften Marke für Esswaren in Cannabist-Standorten in Delaware und New Jersey geworden. Die Zusammenarbeit ermöglicht es der Cannabist Company, ihr Produktangebot zu diversifizieren und die Kapazität in ihren Einrichtungen zu erhöhen, um der wachsenden Marktnachfrage gerecht zu werden.

Positive
  • Expansion into Maryland market, marking ButACake's third state entry
  • Launch of popular oral dissolvable strips in three flavors
  • ButACake products are among top-selling edibles in Delaware and New Jersey Cannabist locations
  • Partnership allows The Cannabist Company to increase capacity and meet growing market demands
Negative
  • None.

Exclusive Collaboration Launches Popular Oral Dissolvable Strips

NEW YORK--(BUSINESS WIRE)-- The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX: CBSTF) (FSE: 3LP) (“The Cannabist Company” or the “Company”), one of the most experienced cultivators, manufacturers and retailers of cannabis products in the U.S., announced today the latest development in its collaboration with the minority-owned baked goods and infused edibles company, ButACake, with its launch in the Maryland market.

The partnership expansion into Maryland includes the launch of ButACake’s popular oral dissolvable strips. The 10mg strips are available in 2-packs of Ginger Peach, Chocolate Mint and Blue Blizzard. All products are on shelves at gLeaf locations in Frederick and Rockville, in addition to the Columbia Care location in Chevy Chase. Additional ButACake products will be available in the coming months, pending regulatory approvals.

ButACake first teamed up with The Cannabist Company in April of 2023 by introducing infused baked goods to the Delaware market. Through its collaboration with The Cannabist Company, it entered the New Jersey market in late 2023. ButACake’s debut into Maryland marks the company’s third market.

“ButACake and its founder Matha Figaro produce some of the most amazing, infused cannabis products, and our customers couldn’t agree more. We’ve seen her products disappear as fast as they hit the shelves in New Jersey and Delaware and expect our Maryland customers to love them as well,” said Volley Hayhurst, VP of Operations at The Cannabist Company. “We are thrilled to see this relationship evolve into its third state. Unique partnerships like this not only make The Cannabist Company stand out by allowing our partners to build loyal followers in multiple markets and provide a consistent experience, but they also enable us to increase capacity at our top-tier facilities and ensure we can meet growing market demands.”

ButACake was founded in 2015 by trained pastry chef Matha Figaro as a line of non-infused baked goods sold at farmers’ markets in New Jersey. Now, by collaborating with The Cannabist Company, ButACake is an emerging cannabis brand. Its products are among the top-selling edibles at Cannabist locations in Delaware and New Jersey.

“The Cannabist Company is once again allowing me to share my passion for creating tasty and irresistible products for a new and evolving market like Maryland. Launching in three states in a little over a year has been beyond my wildest dreams as a small business owner, and we’re just getting started,” said Matha Figaro, CEO of ButACake. “This industry is evolving so quickly, and to be a part of the wave of excitement and acceptance is so fulfilling. Whether it's hearing from a patient who finds relief or someone enjoying a ButACake strip to unwind after a long day, it never gets old and brings me such joy.”

To see a menu of products and availability, find your local Maryland dispensary here: https://www.cannabistcompany.com/locations

To learn more about ButACake, visit https://butacake.com/.

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 operations in 15 US jurisdictions. The Company operates 120 facilities including 94 dispensaries and 26 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 U.S. and now delivers industry-leading products and services to both the medical and adult-use markets. In 2021, the Company launched Cannabist, its retail brand, creating a national dispensary network that leverages proprietary technology platforms. The company offers products spanning flower, edibles, oils and tablets, and manufactures popular brands including Seed & Strain, Triple Seven, Hedy, gLeaf, Classix, Press, and Amber. For more information, please visit www.cannabistcompany.com.

About ButACake

ButACake is a leading provider of premium cannabis-infused products, committed to delivering unique and high-quality experiences to cannabis enthusiasts and medical patients. With a focus on innovation, craftsmanship, and the finest ingredients, ButACake continues to push boundaries in the cannabis industry. www.butacake.com

Caution Concerning Forward-Looking Statements

This press release contains certain statements that constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws and reflect the Company’s current expectations regarding future events. Forward-looking statements or information contained in this release include, but are not limited to, statements or information with respect to the Company’s ability to execute on retail, wholesale, brand and product initiatives. These forward-looking statements or information, which although considered reasonable by the Company, may prove to be incorrect and are subject to known and unknown risks and uncertainties that may cause actual results, performance or achievements of the Company to be materially different from those expressed or implied by any forward-looking information. In addition, security holders should review the risk factors discussed under “Risk Factors” in Columbia Care’s Form 10-K for the year ended December 31, 2023, as filed with Canadian and U.S. securities regulatory authorities and described from time to time in subsequent documents filed with applicable securities regulatory authorities.

Investors

Lee Ann Evans

SVP, Capital Markets

investor@cannabistcompany.com



Media

Lindsay Wilson

SVP, Communications

media@cannabistcompany.com

Source: The Cannabist Company Holdings Inc.

FAQ

What new products has The Cannabist Company (CBSTF) launched in Maryland?

The Cannabist Company has launched ButACake's oral dissolvable strips in Maryland. These 10mg strips are available in 2-packs of Ginger Peach, Chocolate Mint, and Blue Blizzard flavors.

Where can customers find ButACake products in Maryland?

ButACake products are available at gLeaf locations in Frederick and Rockville, as well as the Columbia Care location in Chevy Chase, Maryland.

When did The Cannabist Company (CBSTF) first collaborate with ButACake?

The Cannabist Company first collaborated with ButACake in April 2023, introducing infused baked goods to the Delaware market.

How many markets is ButACake now present in through its collaboration with The Cannabist Company (CBSTF)?

ButACake is now present in three markets through its collaboration with The Cannabist Company: Delaware, New Jersey, and Maryland.

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