Cannabist exchanges 9% notes for some 6% notes due 2025

Chicago, March 19 – Cannabist Co. Holdings Inc. exchanged $5 million of existing 6% senior secured convertible notes due 2025 for $6.25 million of new 9% senior secured convertible debentures due 2027, according to a press release.

There are $59.5 million of the 6% convertible notes remaining after the exchange.

Based in New York, Cannabist 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. The company was formerly known as Columbia Care Inc.

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