Cannabist Company enters forbearance with noteholders after missing Dec 31 interest payment on senior notes

Cannabist Co Holdings Inc.

Missed interest payments due Dec 31, 2025 on 9.25% and 9.00% Senior Secured Notes due 2028; 30-day grace period expired.
Forbearance agreement with noteholders holding >75% of outstanding notes prevents acceleration of debt until Feb 17, 2026.
Company continues evaluating strategic alternatives, including additional asset sales or restructuring, after Virginia asset sale announcement.
Under forbearance, company must pay noteholder legal/advisory fees by Feb 13 and provide financial schedules by Feb 6.
Event of default could trigger acceleration if forbearance not extended or conditions breached; liquidity risks remain.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Cannabist Co Holdings Inc. entered into Forbearance Agreement with an ad hoc group of noteholders (effective 2026-01-30).

Action: entry
Agreement: settlement
Counterparty: an ad hoc group of noteholders
Effective: 2026-01-30

Exact text from the filing

On January 30, 2026, The Cannabist Company Holdings Inc. (“The Cannabist Company” or “the Company”) announced that it has entered into a forbearance agreement (the “Forbearance Agreement”), with an ad hoc group of noteholders (the “Forbearing Noteholders”) of the Company’s 9.25% Senior Secured Notes due December 31, 2028 (the “9.25% Senior Secured Notes”) and the 9.00% Senior Secured Convertible Notes due December 31, 2028 (the “9.00% Senior Secured Convertible Notes” and together with the 9.25% Senior Secured Notes, the “Notes”).

View on SEC.gov

284 material agreements filed in the last 30 days. Browse all material agreements →

Source: SEC EDGAR

accession 0001140361-26-003520

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.