The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQB: CBSTF) (“The Cannabist Company” or the “Company”), one of the most experienced cultivators, manufacturers and retailers of cannabis products in the U.S., announces the successful closing of the sale of its Pennsylvania affiliate that owns 3 medical dispensaries (“Pennsylvania Transaction”) to VP Investment Holdings, LLC (“VP Holdings”). VP Holdings acquired Columbia Care Pennsylvania LLC, from Columbia Care LLC via Equity Purchase Agreement for approximately $10 million in cash paid at closing. Columbia Care Pennsylvania’s 3 operational medical dispensaries are located in Scranton, Allentown and Wilkes-Barre, Pennsylvania.
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Source: https://www.businesswire.com/news/home/20250818122774/en/The-Cannabist-Company-Announces-Closing-on-Sale-of-Affiliate-Repositioning-to-a-Wholesale-Strategy-in-Pennsylvania