Divestiture/carve-outMar 24, 2026Pending
🇺🇸 United States
CThe Cannabist Company Holdings Inc. (Ohio operations)HIHolistic Industries Inc.
Consumer & Retail › Consumer Products
Enterprise value$47MEnterprise value
AnnouncedMar 24, 2026
ConsiderationCash
StructureOther
RegionNorth America
Cross-borderNo
Contingent paymentNo
Overview
The Cannabist Company agreed to sell its Ohio cannabis subsidiaries to Holistic Industries for $47 million ($34.5 million cash plus a $12.5 million promissory note), and separately its Delaware cannabis assets to Parma Holdco LLC for $16.5 million cash.
Deal rationale
The sales follow a strategic review and are presented as the best option for the company and its stakeholders given persistent operational and financial challenges.
AI-generated from the SEC filingPendingConsumer & Retail › Consumer ProductsUnited StatesNorth America
Timeline
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | $47M | Headline figure |
| Consideration | Cash |
Advisors
Buy-side
None listed
Sell-side
MMoelis & Company
Parties
Target
CThe Cannabist Company Holdings Inc. (Ohio operations)
- Headquarters
- United States
- Ticker
- —
Acquirer
HIHolistic Industries Inc.
- Headquarters
- United States
- Ticker
- —
Seller
CThe Cannabist Company Holdings Inc.
- Headquarters
- —
- Ticker
- —