secwatch.observer — SEC 8-K summary
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Issuer:     Cannabist Co Holdings Inc. (—)
CIK:        0001776738
Form:       8-K
Filed at:   2025-12-19T23:59:59+00:00
Accession:  0001140361-25-046079
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 1.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cannabist Co sells Virginia assets to Millstreet affiliate for $130M; terminates Curaleaf deal
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- Total consideration $130M: $117.5M cash at close, $12.5M escrowed for indemnification and purchase price adjustment.
- Assets sold: 5 active retail locations, 1 in development, 82,000 sq ft cultivation/production in Richmond region.
- Terminated prior Curaleaf agreement after go-shop period; must pay $3.3M break-up fee to Curaleaf within two business days.
- Proceeds expected to be used to redeem 9.25% Senior Secured Notes and 9.0% Senior Secured Convertible Notes due 2028.
- Transaction expected to close early 2026, subject to regulatory approvals; noteholder consent already obtained.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1776738/000114036125046079/0001140361-25-046079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1776738/000114036125046079/ef20061573_form8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-046079

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