An unknown buyer entered into a definitive agreement to acquire Utah operations from The Cannabist Company Holdings Inc. (OTCPK:CBST.F) for $6.6 million on October 6, 2023. The Utah operations comprised of one dispensary and one cultivation facility. The Utah Business is being divested for gross proceeds of $6.6 million, with approximately $4 million due on closing of the transaction, and a $2.6 million seller note payable to the Company not later than July 2025. The transaction is subject to closing conditions.

An unknown buyer completed the acquisition of Utah operations from The Cannabist Company Holdings Inc. (OTCPK:CBST.F) for $6.5 million on March 7, 2024. The Utah Business was divested for gross proceeds of $6.5 million, with approximately $3.9 million due on closing of the transaction, and a $2.6 million Seller note payable to the Company not later than July 2025.