secwatch.observer — SEC 8-K summary
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Issuer:     Cannabist Co Holdings Inc. (—)
CIK:        0001776738
Form:       8-K
Filed at:   2025-12-02T23:59:59+00:00
Accession:  0001776738-25-000060
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Cannabist sells Virginia assets to Curaleaf for $110M; includes go-shop period
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- Total consideration $110M: $80M cash at closing, $20M deferred cash, $10M promissory note at 6% interest, 1-year maturity.
- Sale covers all equity of Green Leaf Medical of Virginia, LLC, including five operational retail locations and one under development.
- Go-shop period of 15 business days ending Dec 22, 2025; break-up fee of $3.3M payable to Curaleaf under certain terminations.
- Closing conditions include regulatory approvals and consent from holders of 9.25% Senior Secured Notes and 9.0% Senior Secured Convertible Notes due 2028.
- Outside closing date Feb 27, 2026; deferred payment triggered by first adult-use sale at each location or within 12 months of first sale, expires after 7 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1776738/000177673825000060/0001776738-25-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1776738/000177673825000060/cbstf-20251201.htm
  HTML page:      https://secwatch.observer/filing/0001776738-25-000060

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