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The Cannabist Company Expands New Jersey Footprint with Opening of Cannabist Mays Landing

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The Cannabist Company (OTCQX: CBSTF) announced the opening of its third dispensary in New Jersey, located in Mays Landing at 4476 Black Horse Pike. The facility began serving medical cannabis patients on December 30, 2024, with adult-use sales planned for early 2025, pending regulatory approval.

The company has established a strong presence in New Jersey with a total cultivation and production capacity of 320,000 square feet, including an upgraded commercial kitchen and manufacturing space. This infrastructure supports both medical and adult-use cannabis sales, complementing existing retail locations in Deptford and Vineland, along with their wholesale program.

The Cannabist Company (OTCQX: CBSTF) ha annunciato l'apertura del suo terzo dispensario nel New Jersey, situato a Mays Landing al 4476 Black Horse Pike. La struttura ha iniziato a servire i pazienti di cannabis medica il 30 dicembre 2024, con vendite per uso adulto previste per inizio 2025, in attesa di approvazione normativa.

L'azienda ha stabilito una forte presenza nel New Jersey con una capacità totale di coltivazione e produzione di 320.000 piedi quadrati, comprendente una cucina commerciale aggiornata e spazi di produzione. Questa infrastruttura supporta sia le vendite di cannabis medica che quelle per uso adulto, integrando le attuali sedi di vendita al dettaglio a Deptford e Vineland, insieme al loro programma di vendita all'ingrosso.

The Cannabist Company (OTCQX: CBSTF) anunció la apertura de su tercera tienda de cannabis en New Jersey, ubicada en Mays Landing en el 4476 Black Horse Pike. La instalación comenzó a atender a pacientes de cannabis medicinal el 30 de diciembre de 2024, con ventas para uso adulto previstas para principios de 2025, sujeto a aprobación regulatoria.

La empresa ha establecido una fuerte presencia en New Jersey con una capacidad total de cultivo y producción de 320,000 pies cuadrados, que incluye una cocina comercial mejorada y espacio de fabricación. Esta infraestructura apoya tanto las ventas de cannabis medicinal como las de uso adulto, complementando las ubicaciones minoristas existentes en Deptford y Vineland, además de su programa mayorista.

The Cannabist Company (OTCQX: CBSTF)는 뉴저지에서 세 번째 대마초 판매점을 Mays Landing에 위치한 4476 Black Horse Pike에서 개장했다고 발표했습니다. 이 시설은 2024년 12월 30일부터 의약용 대마초 환자에게 서비스를 시작했으며, 2025년 초에는 성인용 판매가 계획되어 있지만 규제 승인이 필요합니다.

회사는 총 320,000 평방피트의 재배 및 생산 능력을 갖춘 강력한 뉴저지 존재감을 확립했으며, 여기에는 업그레이드된 상업 주방과 제조 공간이 포함되어 있습니다. 이 인프라스트럭처는 의약용 및 성인용 대마초 판매를 지원하며, Deptford와 Vineland에 있는 기존 소매 위치와 도매 프로그램을 보완합니다.

The Cannabist Company (OTCQX: CBSTF) a annoncé l'ouverture de son troisième dispensaire dans le New Jersey, situé à Mays Landing au 4476 Black Horse Pike. L'établissement a commencé à servir des patients de cannabis médicinal le 30 décembre 2024, avec des ventes pour un usage adulte prévues pour début 2025, sous réserve de l'approbation réglementaire.

L'entreprise a établi une forte présence dans le New Jersey avec une capacité totale de culture et de production de 320 000 pieds carrés, comprenant une cuisine commerciale mise à jour et des espaces de fabrication. Cette infrastructure soutient à la fois les ventes de cannabis médicinal et celles à usage adulte, complétant les emplacements de détail existants à Deptford et Vineland, ainsi que leur programme de vente en gros.

The Cannabist Company (OTCQX: CBSTF) gab die Eröffnung ihres dritten Cannabisgeschäfts in New Jersey bekannt, das in Mays Landing in der Black Horse Pike 4476 liegt. Die Einrichtung begann am 30. Dezember 2024 mit dem Service für Patienten mit medizinischem Cannabis, wobei der Verkauf für Erwachsene Anfang 2025 geplant ist, abhängig von der Genehmigung durch die Regulierungsbehörden.

Das Unternehmen hat sich mit einer Gesamtkapazität für Anbau und Produktion von 320.000 Quadratfuß eine starke Präsenz in New Jersey aufgebaut, einschließlich einer erweiterten kommerziellen Küche und Produktionsräumen. Diese Infrastruktur unterstützt sowohl den Verkauf von medizinischem als auch von erwachsenem Cannabis und ergänzt die bestehenden Einzelhandelsstandorte in Deptford und Vineland sowie ihr Großhandelsprogramm.

Positive
  • Expansion of retail footprint with third New Jersey location
  • Significant production capacity of 320,000 square feet
  • Upgraded commercial kitchen and manufacturing facilities
  • Planned expansion into adult-use market in early 2025
Negative
  • Adult-use sales subject to pending regulatory approval

Company’s Third Dispensary in New Jersey began serving medical patients on December 30, 2024, with adult-use sales to follow

NEW YORK--(BUSINESS WIRE)-- The Cannabist Company (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 opening of its third dispensary in Mays Landing, New Jersey. The location, at 4476 Black Horse Pike, marks the company’s third dispensary in the Garden State, expanding access to medical cannabis patients. Adult-use sales will commence in early 2025, subject to regulatory approval.

“We’re proud to open our third Cannabist location in Mays Landing to help meet the growing needs of New Jersey’s medical cannabis community. We’ve had tremendous success expanding the offerings for our patients and are excited to keep the momentum going in one of our top markets,” said Jesse Channon, President, The Cannabist Company. “This location reflects our dedication to providing patients with high-quality products, personalized services and access to experienced retail associates. We are honored to be supporting our medical patients now and, in the future, bringing our trusted brands and exceptional retail experience to adult-use customers in the region later this winter.”

The Cannabist Company has established itself as a leading operator in the New Jersey market with a total cultivation and production capacity of 320,000 square feet, including a recently upgraded commercial kitchen and manufacturing space, which positions the company to meet growing product demands while supporting both medical and adult-use cannabis sales. The Mays Landing dispensary joins the Company’s existing retail locations in Deptford and Vineland, as well as a growing wholesale program.

For more information on Cannabist locations, hours and menu availability in New Jersey, visit gocannabist.com/newjersey. For more information on The Cannabist Company visit https://cannabistcompany.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 licenses in 14 U.S. jurisdictions. The Company operates 89 facilities including 70 dispensaries and 19 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 dreamt, Seed & Strain, Triple Seven, Hedy, gLeaf, Classix, Press, and Amber. For more information, please visit www.cannabistcompany.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 in New Jersey. 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

Mike Moses

Communications Manager

media@cannabistcompany.com

Source: The Cannabist Company Holdings Inc.

FAQ

When did The Cannabist Company (CBSTF) open its Mays Landing dispensary?

The Cannabist Company opened its Mays Landing dispensary on December 30, 2024, initially serving medical cannabis patients.

When will CBSTF begin adult-use cannabis sales in Mays Landing, NJ?

Adult-use cannabis sales at the Mays Landing location are planned to commence in early 2025, subject to regulatory approval.

What is The Cannabist Company's (CBSTF) total production capacity in New Jersey?

The company has a total cultivation and production capacity of 320,000 square feet in New Jersey.

How many dispensaries does CBSTF operate in New Jersey?

The Cannabist Company operates three dispensaries in New Jersey, located in Mays Landing, Deptford, and Vineland.

Where is the new Cannabist Mays Landing dispensary located?

The new dispensary is located at 4476 Black Horse Pike in Mays Landing, New Jersey.

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