secwatch.observer — SEC 8-K summary
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Issuer:     Cannabist Co Holdings Inc. (—)
CIK:        0001776738
Form:       8-K
Filed at:   2024-03-20T23:59:59+00:00
Accession:  0001193125-24-072818
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 2.04, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1776738/000119312524072818/0001193125-24-072818-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1776738/000119312524072818/d540760d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-072818

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