Ms. Lee Ann Evans reports

THE CANNABIST COMPANY FURTHER EXTENDS FORBEARANCE AGREEMENT WITH SENIOR NOTEHOLDERS

The ad hoc group of noteholders of The Cannabist Company Holdings Inc.'s 9.25 per cent senior secured notes due Dec. 31, 2028, and the 9.00 per cent senior secured convertible notes due Dec. 31, 2028, is a party to the previously announced forbearance agreement with the company, and has agreed to a further extension and to forbear from exercising any rights and remedies under the amended and restated indenture, as supplemented, governing the notes and applicable law, until March 6, 2026.

About The Cannabist Company Holdings Inc. (formerly known as Columbia Care)

The Cannabist Company, formerly known as Columbia Care, is one of the most experienced cultivators, manufacturers and providers of cannabis products and related services, with licences in 11 U.S. jurisdictions. The company operates 69 facilities including 54 dispensaries and 15 cultivation and manufacturing facilities, including those under development. Columbia Care, now The Cannabist Company, is one of the original multistate providers of cannabis in the United States and delivers industry-leading products and services to both the medical and adult-use markets. In 2021, the company launched Cannabist, its retail brand, creating a national dispensary network that leverages proprietary technology platforms. The company offers products spanning flower, edibles, oils and tablets, and manufactures popular brands including dreamt, Seed & Strain, Triple Seven, Hedy, gLeaf, Classix, Press, and Amber.

We seek Safe Harbor.