---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-204898"
form_type: "8-K"
ticker: null
cik: "0001776738"
company_name: "Cannabist Co Holdings Inc."
filed_at: "2024-08-22T23:59:59+00:00"
generated_at: "2026-05-31T08:06:23.319508+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cannabist completes sale of Virginia ops to Verano for $90M, sells Arizona assets for $15M cash

## Summary
- Virginia consideration: $20M cash, $40M Verano shares, and a $26.7M promissory note (7% interest, 2-year term).
- Note requires monthly payments of $1.75M for first 12 months, then $750k, adjusted from originally $30M.
- Arizona deals: $9.9M cash for Organix and $5.1M cash for Salubrious Wellness Clinic, both closed August 16.
- Virginia closing on August 21; total cash and stock consideration approximates $102M across all three subsidiaries.

## SEC filing metadata
- accession: 0001193125-24-204898
- form_type: 8-K
- cik: 0001776738
- company_name: Cannabist Co Holdings Inc.
- filed_at: 2024-08-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1776738/000119312524204898/0001193125-24-204898-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1776738/000119312524204898/d877670d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-204898
- JSON: https://secwatch.observer/filing/0001193125-24-204898.json
- Plain text: https://secwatch.observer/filing/0001193125-24-204898.txt

## Key facts
- M&A Transactions
  Cannabist Co Holdings Inc. completed a disposition involving Verano Arizona, LLC for $9.9 million (closed 2024-08-16).
  - Action: disposition
  - Counterparty: Verano Arizona, LLC
  - Consideration: $9.9 million
  - Closing: 2024-08-16
  source text: Pursuant to the Organix EPA, the Arizona Buyer purchased all of the issued and outstanding equity interests of Organix from the Arizona Member for total consideration of $9.9 million, payable in cash, subject to adjustment as described in the Organix EPA.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1776738/000119312524204898/0001193125-24-204898-index.htm
- M&A Transactions
  Cannabist Co Holdings Inc. completed a disposition involving Verano Arizona, LLC for $5.1 million (closed 2024-08-16).
  - Action: disposition
  - Counterparty: Verano Arizona, LLC
  - Consideration: $5.1 million
  - Closing: 2024-08-16
  source text: Pursuant to the SWC EPA, the Arizona Buyer purchased all of the issued and outstanding equity interests of SWC from the SWC Members for total consideration of $5.1 million, payable in cash, subject to adjustment as described in the SWC EPA.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1776738/000119312524204898/0001193125-24-204898-index.htm
- M&A Transactions
  Cannabist Co Holdings Inc. completed a disposition involving Verano Holdings Corp. for $90 million (closed 2024-08-21).
  - Action: disposition
  - Counterparty: Verano Holdings Corp.
  - Consideration: $90 million
  - Closing: 2024-08-21
  source text: to the Virginia EPA, the Virginia Buyer purchased all of the issued and outstanding equity interests of CC East Virginia from the Virginia Members for total consideration of $90 million, subject to adjustments as set forth in the Virginia EPA (the “Virginia Closing Consideration”). On the VA Closing Date, the Virginia Members received their pro rata portion of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1776738/000119312524204898/0001193125-24-204898-index.htm

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