NEW YORK--(BUSINESS WIRE)--The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQB: CBSTF) (“The Cannabist Company” or the “Company”), one of the most experienced cultivators, manufacturers and retailers of cannabis products in the U.S., announced today the successful closing of the sale of its Pennsylvania affiliate that owns 3 medical dispensaries (“Pennsylvania Transaction”) to VP Investment Holdings, LLC (“VP Holdings”). VP Holdings is comprised of principals from a leading privately-hel
Related Questions
How will the sale of the Pennsylvania affiliate affect The Cannabist Company's cash position and balance sheet strength?
What is the expected impact of shifting to a wholesale strategy on the company's revenue growth and profit margins in the Pennsylvania market?
How does this transaction compare to similar divestitures by other cannabis firms, and what implications might it have for the company's competitive positioning?