---
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"
generated_at: "2026-06-04T11:51:44.303185+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Cannabist Co issues $25.75M 9% senior secured convertible notes due 2027

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-072818
- form_type: 8-K
- cik: 0001776738
- company_name: Cannabist Co Holdings Inc.
- filed_at: 2024-03-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 2.04, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-072818
- JSON: https://secwatch.observer/filing/0001193125-24-072818.json
- Plain text: https://secwatch.observer/filing/0001193125-24-072818.txt

## Key facts
- Debt Financings
  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.
  - Instrument: convertible notes
  - Principal: US$25.75 million aggregate principal amount
  - Counterparty: institutional investors
  - Rate: 9.00% per year
  - Maturity: March 2027
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1776738/000119312524072818/0001193125-24-072818-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Odyssey Trust Company
  - Value: US$25.75 million aggregate principal amount of 9.00% senior secured convertible notes due 2027
  - Effective: 2024-03-15
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1776738/000119312524072818/0001193125-24-072818-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: the Investors
  - Value: US$25.75 million aggregate principal amount of 9.00% senior secured convertible notes due 2027
  - Effective: 2024-03-15
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1776738/000119312524072818/0001193125-24-072818-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.