On March 17, 2026, The Cannabist Company Holdings Inc. announced that an ad hoc group of noteholders of the Company’s 9.25% Senior Secured Notes and 9.00% Senior Secured Convertible Notes, which are due on December 31, 2028, have agreed to extend the forbearance agreement with the Company. This extension allows the noteholders to forbear from exercising their rights and remedies under the amended and restated indenture governing the Notes until March 25, 2026. This decision comes as the Company continues to navigate its financial obligations and aims to stabilize its operations amidst ongoing challenges in the cannabis industry. The forbearance agreement is crucial for the Company as it seeks to maintain liquidity and avoid immediate financial distress. The Company has indicated that it is actively working on strategies to improve its financial position and operational execution, which may include potential restructuring or refinancing options. The extension of the forbearance agreement provides the Company with additional time to negotiate terms that could lead to a more favorable outcome for both the Company and its noteholders. Stakeholders will be closely monitoring the developments as the new deadline approaches, with hopes that the Company can successfully address its financial challenges and emerge stronger in the competitive cannabis market.

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