The Cannabist Company Further Extends Forbearance Agreement With Senior Noteholders

Executive Summary

• The ad‑hoc group of noteholders for the Company’s 9.25% Senior Secured Notes and 9.00% Senior Secured Convertible Notes has agreed to extend their forbearance period, postponing any exercise of rights or remedies under the amended indenture until March 17 2026.
• This extension is part of the previously announced forbearance agreement and provides the Company additional time to manage its liquidity and operational needs without immediate debt enforcement actions.

Key Details

• The noteholders represent the holders of the Company’s 9.25% Senior Secured Notes due December 31, 2028 and the 9.00% Senior Secured Convertible Notes due December 31, 2028.
• Under the amendment, the noteholders will forbear from exercising any rights or remedies under the amended and restated indenture (as supplemented) until March 17, 2026.
• The extension does not alter the principal amounts, interest rates, maturity dates, or conversion terms of the Notes; it solely postpones enforcement actions.
• No additional financing, covenant changes, or new security interests were disclosed in this release.
• The Company reiterated its operational footprint (69 facilities across 11 jurisdictions) but provided no further operational updates.

Notable Quotes

(No executive quotes included in the release.)