secwatch.observer — SEC 8-K summary
======================================

Issuer:     Cannabist Co Holdings Inc. (—)
CIK:        0001776738
Form:       8-K
Filed at:   2026-02-06T23:59:59+00:00
Accession:  0001140361-26-003933
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cannabist closes sale of Virginia assets for $130M; redeems $91M of senior notes
--------------------------------------------------------------------------------

- Sale of Virginia assets (5 retail stores, 82K sq ft cultivation) to Millstreet affiliate for total consideration of $130M, with $117.5M cash at close.
- $12.5M escrowed at closing; up to $1M released after post-closing price adjustment, remainder after nine months subject to indemnification obligations.
- Company will redeem $84.488M of 9.25% Senior Secured Notes due 2028 and $6.469M of 9.00% Convertible Notes due 2028 on February 13, 2026.
- Amendment extends employee leasing through earlier of April 30, 2026 or Buyer's notice; Buyer to offer employment to leased employees after transition end date.
- Moelis & Company acted as financial advisor; Stikeman Elliott, Weil Gotshal, and Foley Hoag acted as legal counsel.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1776738/000114036126003933/0001140361-26-003933-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1776738/000114036126003933/ef20064943_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-003933

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer