Cannabist files for CCAA bankruptcy, sells OH & DE assets for $63.5M, MOU to sell most remaining ops

Cannabist Co Holdings Inc.

Ohio assets sold to Holistic for $47M ($34.5M cash + $12.5M note); close expected Q3 2026.
Delaware assets sold to Parma for $16.5M ($14.025M cash + $2.475M escrow).
Supporting Noteholders (~60% of Notes) back restructuring; CRO appointed (SierraConstellation).
Non-binding MOU to sell operations in IL, NJ, CO, MA, MD, WV; NY and PA ops to wind down.
Trading on Cboe Canada to halt; delisting review initiated.

item 1.01 item 1.03 item 7.01 item 9.01

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accession 0001140361-26-010926

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