The Cannabist Company has secured another extension of its forbearance agreement with senior noteholders, pushing the deadline to February 27, 2026. The agreement covers the company's 9.25% Senior Secured Notes and 9.00% Senior Secured Convertible Notes, both originally due December 31, 2028. This extension allows The Cannabist Company, one of the largest multi-state cannabis operators with 69 facilities across 11 U.S. jurisdictions, additional time to address its debt obligations. The company operates 54 dispensaries and 15 cultivation and manufacturing facilities, generating revenue from medical and adult-use cannabis markets. The forbearance agreement represents a negotiated resolution that prevents noteholders from exercising remedies under the indenture, providing the company breathing room to stabilize operations and manage its capital structure during a challenging period for the
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