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 (due 12/31/2028) and 9.00% Senior Secured Convertible Notes (due 12/31/2028) have agreed to extend their forbearance period.
• The extension postpones any exercise of rights or remedies under the amended and restated indenture until March 25, 2026.
• This amendment continues the previously announced forbearance agreement, providing the Company additional time to address its debt obligations without triggering default actions.

Key Details

• Notes Affected:
• 9.25% Senior Secured Notes due December 31, 2028
• 9.00% Senior Secured Convertible Notes due December 31, 2028
• Extension Terms:
• Forbearance from exercising any rights or remedies under the indenture is extended to March 25, 2026.
• Agreement Context:
• The extension is part of an existing forbearance agreement previously announced by the Company.
• Impact:
• Delays potential enforcement actions by noteholders, giving the Company additional runway to manage liquidity and operational needs.

Notable Quotes

(No direct quotes were provided in the release.)