Cannabist Co raises ~$25M in private placement, changes name from Columbia Care

Cannabist Co Holdings Inc.

Raised C$33.8M (~US$25M) via 22.2M units at C$1.52; each unit: 1 share + 1/2 warrant (strike C$1.96, 3yr).
Investors can buy up to US$25M additional units at same price within 45 days.
Non-binding deal to repurchase up to US$25M principal of 6% convertible notes due June 2025, payable in shares.
In discussions to exchange 13% senior secured notes due 2024 for 9.5% notes due 2026 on 1-for-1 basis.
Name changed to The Cannabist Company Holdings; ticker now CBST & CBST.WT on Cboe Canada.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Cannabist Co Holdings Inc.: Company changed name from Columbia Care Inc. to The Cannabist Company Holdings Inc. via Notice of Alteration; no other charter changes (effective 2023-09-19).

Change: charter amendment
Effective: 2023-09-19

Exact text from the filing

Effective September 19, 2023, the Company changed its name from “Columbia Care Inc.” to “The Cannabist Company Holdings Inc.” (the “Name Change”). To effect the Name Change, the Company filed a Notice of Alteration with the British Columbia Registrar of Companies (the “Registrar”), pursuant to which the Registrar issued a new Notice of Articles and a Certificate of Change of Name to the Company. Other than the Name Change, no other changes were made to the Company’s Articles.

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Source: SEC EDGAR

accession 0001193125-23-239776

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