{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-072818","form_type":"8-K","ticker":null,"cik":"0001776738","company_name":"Cannabist Co Holdings Inc.","filed_at":"2024-03-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.486776+00:00","generated_at":"2026-06-04T11:51:44.303185+00:00","sec_items":["1.01","2.03","2.04","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Cannabist Co issues $25.75M 9% senior secured convertible notes due 2027","bullets":["New notes principal $19.5M; exchange notes $6.25M for $5M of existing 6.0% notes due June 2025.","Conversion price $0.305 per share; original issue discount $800 per $1,000 principal (net ~$15.6M).","Proceeds to repay $13.2M of 13% senior secured notes due May 2024, plus working capital.","9.00% interest payable semi-annually; maturity March 2027; senior secured obligations."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-072818","json":"https://secwatch.observer/filing/0001193125-24-072818.json","markdown":"https://secwatch.observer/filing/0001193125-24-072818.md","text":"https://secwatch.observer/filing/0001193125-24-072818.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1776738/000119312524072818/0001193125-24-072818-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1776738/000119312524072818/d540760d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T11:51:44.303185+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"96795d1b35c0452208ef3cf81f1986bd6ccb8acf","claim":"Cannabist Co Holdings Inc. incurred convertible notes of US$25.75 million aggregate principal amount with institutional investors at 9.00% per year maturing March 2027.","evidence_excerpt":"On or about March 15, 2024, The Cannabist Company Holdings Inc. (the “Company”) entered into subscription agreements with institutional investors (the “Investors”) for the purchase and sale of US$25.75 million aggregate principal amount of 9.00% senior secured convertible notes due 2027 (the “Notes”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1776738/000119312524072818/0001193125-24-072818-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"US$25.75 million aggregate principal amount"},{"label":"Counterparty","value":"institutional investors"},{"label":"Rate","value":"9.00% per year"},{"label":"Maturity","value":"March 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"4b786f26a403302acefce544cdbf9c3ea482cf46","claim":"Cannabist Co Holdings Inc. entered into Seventh Supplemental Indenture with Odyssey Trust Company valued at US$25.75 million aggregate principal amount of 9.00% senior secured convertible notes due 2027 (effective 2024-03-15).","evidence_excerpt":"On or about March 15, 2024, The Cannabist Company Holdings Inc. (the “Company”) entered into subscription agreements with institutional investors (the “Investors”) for the purchase and sale of US$25.75 million aggregate principal amount of 9.00% senior secured convertible notes due 2027 (the “Notes”) in a concurrent private brokered offering","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1776738/000119312524072818/0001193125-24-072818-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Odyssey Trust Company"},{"label":"Value","value":"US$25.75 million aggregate principal amount of 9.00% senior secured convertible notes due 2027"},{"label":"Effective","value":"2024-03-15"}],"fact_type":"material_agreement"},{"claim_id":"db83042cc526a217843a426ab96f02f1696c22bf","claim":"Cannabist Co Holdings Inc. entered into the subscription agreements with the Investors valued at US$25.75 million aggregate principal amount of 9.00% senior secured convertible notes due 2027 (effective 2024-03-15).","evidence_excerpt":"On or about March 15, 2024, The Cannabist Company Holdings Inc. (the “Company”) entered into subscription agreements with institutional investors (the “Investors”) for the purchase and sale of US$25.75 million aggregate principal amount of 9.00% senior secured convertible notes due 2027 (the “Notes”) in a concurrent private brokered offering (the “Brokered Offering”) and private non-brokered offering (the “Non-Brokered Offering” and together with the Brokered Offering, the “Offerings”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1776738/000119312524072818/0001193125-24-072818-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"the Investors"},{"label":"Value","value":"US$25.75 million aggregate principal amount of 9.00% senior secured convertible notes due 2027"},{"label":"Effective","value":"2024-03-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}