Columbia Care to buy up to $25 million of 2025 convertibles, seeks to exchange 13% notes

By Mary-Katherine Stinson

Lexington, Ky., Sept. 18 – Columbia Care Inc. said it entered a non-binding agreement to repurchase up to $25 million principal amount of its 6% senior secured convertible notes due June 2025, payable in company common shares, according to a press release.

In addition, the company is in continued discussions with certain holders of its 13% senior secured notes due May 2024 to exchange their notes into the company’s 9˝% senior secured notes due February 2026 on a one-for-one basis.

Based in New York, Columbia Care is a cultivator, manufacturer and provider of medical and adult use cannabis products and related services with licenses in 18 U.S. jurisdictions and the European Union.

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