The Cannabist Company Holdings Inc. has completed the sale of its Virginia cannabis operations to an entity affiliated with Millstreet Credit Fund LP. The transaction includes five active retail locations, one additional retail site in development, and approximately 82,000 square feet of cultivation and production capacity in the Richmond area. The total consideration for the sale is $130 million, with $117.5 million paid in cash at closing and an additional $12.5 million held in escrow to be released in two parts, subject to final adjustments and indemnification obligations. The closing follows the initial announcement of the deal in December 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Cannabist Company Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-26-003933), on February 06, 2026, and is solely responsible for the information contained therein.