The Cannabist Company Announces Agreement to Extend the Maturity Date of its Senior Secured Notes to December 2028, with Options to Extend through 2029
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 27 2025
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Should l Buy ?
Source: Businesswire
Support Agreement Announcement: The Cannabist Company has entered into a support agreement with holders of approximately 61% of its Senior Notes to exchange them for new notes with extended maturities and additional covenants, aiming to enhance operational efficiency and financial stability.
Transaction Details and Future Plans: The company plans to issue new secured notes and shares while implementing governance changes, with the transaction subject to court and regulatory approvals, targeting completion in the first half of 2025.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
