Ontario · CCAA
Application Record of The Cannabist Company Holdings Inc. et al, for the issuance of an initial order
Application / notice of application · 15 May 2026
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What we verified from this filing3 verified
- financial positionpage: 50 · as at: 2025-12-31 · basis: unaudited book value per the Company's unaudited monthly report (the 'December 2025 Balance Sheet'), the most recent balance sheet prepared by the Company · scope: The Company (consolidated, as described in the affidavit) · currency: USD · total assets: 515052852 · total liabilities: 695856475
- secured creditorsnote: Approximate amount after a portion of Virginia Sale proceeds were distributed via partial redemptions of the Senior Notes; originally issued as $250,750,000 aggregate principal Senior Secured Notes (9.25%) and $19,200,000 aggregate principal Senior Secured Convertible Notes (9.0%). Interest payment due Dec 31, 2025 not made; event of default occurred Jan 30, 2026; subject to Forbearance Agreement extended five times, terminating March 25, 2026. Some Senior Noteholders based in Canada. · page: 51 · amount: 178993000 · debtor: The Cannabist Company Holdings Inc. (Parent Company) and The Cannabist Company Holdings (Canada) Inc. (Co-Issuer) · creditor: Senior Noteholders (holders of Senior Secured Notes and Senior Secured Convertible Notes) under A&R Indenture, Odyssey Trust Company as Indenture Trustee · currency: USD · security: A&R Indenture dated May 29, 2025; Senior Notes rank pari passu, equally and rateably secured with same right, lien and entitlement over all present and future property of the Company (the Collateral); guaranteed by Subsidiaries
- secured creditorsnote: Approximate amount stated in affidavit · page: 51 · amount: 40422607 · debtor: The Company · creditor: East West Bank · currency: USD · security: Mortgages over real property pursuant to three separate loan agreements (New York, New Jersey and Maryland properties per Exhibits E, F and G)