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The Cannabist Co. Q3 Revenue Declines 8%, Completes $5M Asset Sale, Exits Florida Market Amid Restructuring
Thursday, November 7, 2024 - 10:03am | 586The Cannabist Company Holdings Inc. (OTCQX:CBSTF), former Columbia Care, announced its Q3 2024 financial results, reflecting the impact of recent divestitures and a focus on reshaping its operational footprint. The quarter's results for this leading U.S. cannabis cultivator, manufacturer and...
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Lender Expresses Concern Over Cannabist Company's 'Pray And Hope' Approach
Friday, October 4, 2024 - 4:13pm | 549FiSai US Management, a major creditor of The Cannabist Company (OTC:CBSTF) is growing increasingly concerned over the company's management. FiSai, which holds $50 million in secured notes due in 2026, has taken the unusual step of publicly airing its frustrations, reported Debra Borchardt of Green...
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Leading US Cannabis Operator Gets Buy Rating Amid Strategic Divestment And Growth Initiative
Monday, August 26, 2024 - 6:38pm | 527In an assessment by Canaccord Genuity (OTC:CCORF) published Monday, Cannabist Company Holdings (OTC:CBSTF) has maintained its Buy rating with a targeted price point of C$1.00, as confirmed by analyst Martin Roberge. This valuation stems from the company’s calculated divestitures and a sharp...
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Cannabis Co. Verano Completes $105M Acquisition Of Arizona, Virginia Operations From Leading US Operator
Thursday, August 22, 2024 - 10:10am | 785Multi-state cannabis operator Verano Holdings Corp. (OTCQX:VRNOF) closed the acquisition of three subsidiaries of The Cannabist Company Holdings Inc. (OTCQX:CBSTF), one of the most experienced cultivators, manufacturers and retailers of cannabis products in the U.S. The company first announced the...
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New York's The Cannabist Company: Q2 Revenue Declines 3% YoY, Reduces Net Loss As It 'Strives To Build A Better Business'
Thursday, August 8, 2024 - 10:41am | 501The Cannabist Company Holdings Inc.(Cboe CA:CBST) (OTCQX:CBSTF) (FSE:3LP) reported its financial and operating results Thursday for the second quarter ended June 30, 2024. The New York-based cannabis operator disclosed quarterly revenue of $125.19 million, compared to $129.24 million in the same...
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$105M Deal: Verano To Acquire Cannabist Co.'s Operations In Virginia And Arizona
Monday, July 29, 2024 - 6:53pm | 686Verano Holdings Corp. (OTCQX:VRNOF) announced Monday that it wiil acquire significant assets from The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTC:CBSTF) (FSE: 3LP). The acquisition, strategic to expanding its national footprint, includes one of Cannabist’s Virginia licenses, along...
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New York Weed Giant The Cannabist Is Selling Its Florida Business, Here's Why
Monday, June 17, 2024 - 12:34pm | 657The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX:CBSTF) (FSE: 3LP) – formerly known as Columbia Care – announced on Monday a series of initiatives as it seeks to transform its business to improve profitability, enhance margin profile and enable cash flow generation. What...
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Cannabis Titan Cannabist: Q1 2024 Revenue Holds Steady At $122.6M, Trims Net Loss By 5% YoY
Thursday, May 9, 2024 - 10:54am | 757The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX:CBSTF) (FSE: 3LP), one of the largest and most experienced cultivators, manufacturers and retailers of cannabis products in the U.S., reported its financial and operating results Thursday for the first quarter ended March 31, 2024. Q1 2024...
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NY Cannabis Giant Cannabist's 2023 Revenue Consistent With Prior Year At $511M, Narrows Q4 Net Loss By 76% YoY
Wednesday, March 13, 2024 - 9:00am | 812The Cannabist Company Holdings Inc. reported on Wednesday its financial and operating results for the three months and full year ended Dec. 31, 2023, revealing a 76% year-over-year decrease in a net loss to $72.5 million in the fourth quarter. Gross profit amounted to $43.6 million in fourth...
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Who's Who In Cannabis: January Executive Changes You Should Know About
Friday, February 2, 2024 - 12:01pm | 1378Cannabis And Hemp Regulatory Appointments Last week, Flora Growth Corp. (NASDAQ:FLGC) announced that Clifford Starke, its CEO and director, has been elected to serve as chairman of the U.S. Hemp Roundtable board of directors. Starke said "momentum is swinging in the right direction" for hemp and...
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The Cannabist Company Attacks Debt With Repurchasing Agreement To Reduce Leverage By Up To $25M
Tuesday, January 23, 2024 - 9:57am | 286The Cannabist Company Holdings Inc. (NEO: CBST) (OTCQX:CBSTF) (FSE: 3LP) entered into a binding agreement with certain offshore institutional investors to effect a previously announced repurchase of up to $25 million of the principal amount of the company's 6.0% senior secured convertible notes due...
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Director Of MA Marijuana Regulator Resigns, MD Plans To Evaluate Pot's Health Effects And Recent Industry Moves
Thursday, August 3, 2023 - 8:43am | 1060As the Benzinga Cannabis Capital Conference returns to Chicago (Sept 27-28), gathering top CEOs, investors and leaders in the marijuana industry, let's scroll through some executive moves in the space. Exit Of Director Of Marijuana Reg Agency Sends Group Into A Tailspin, Raising...