secwatch.observer — SEC 8-K summary
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Issuer:     Cannabist Co Holdings Inc. (—)
CIK:        0001776738
Form:       8-K
Filed at:   2024-08-22T23:59:59+00:00
Accession:  0001193125-24-204898
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1776738/000119312524204898/0001193125-24-204898-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1776738/000119312524204898/d877670d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-204898

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer