---
title: "Cannabist Launches CCAA Restructuring, Sells Delaware and Ohio Assets for $63.5 Million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/280374258.md"
description: "Cannabist has initiated a court-supervised restructuring, announcing the sale of its Delaware and Ohio operations for a total of $63.5 million. Parma Holdco will acquire Delaware assets for $16.5 million, while Holistic Industries will purchase Ohio subsidiaries for $47 million. Additionally, Cannabist secured a Support Agreement with noteholders representing 60% of its secured notes to support the restructuring process, pending necessary approvals."
datetime: "2026-03-24T21:33:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280374258.md)
  - [en](https://longbridge.com/en/news/280374258.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280374258.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/280374258.md) | [繁體中文](https://longbridge.com/zh-HK/news/280374258.md)


# Cannabist Launches CCAA Restructuring, Sells Delaware and Ohio Assets for $63.5 Million

Cannabist announced multiple agreements tied to a court-supervised restructuring, including sales of its Delaware and Ohio operations totaling $63.5 million. In Delaware, Parma Holdco will acquire assets for $16.5 million, with escrowed amounts for indemnities and adjustments and a $3.3 million deposit due shortly after signing. In Ohio, Holistic Industries will purchase all equity of Cannabist’s subsidiaries for $47 million, comprising $34.5 million at closing and a $12.5 million note, plus an option and funding framework for an additional location. Cannabist also secured a Support Agreement with noteholders representing about 60% of its secured notes to back the sale program and CCAA process, subject to regulatory, court, and noteholder approvals.

**Agreement 1: Cannabist to Sell Delaware Assets to Parma Holdco for $16.5 Million With Escrow Protections**

-   **Agreement type**: Asset purchase agreement for Delaware assets
-   **Counterparty**: Parma Holdco; Millstreet Credit Fund
-   **Signed / Effective**: Mar 23 2026 / same
-   **Duration / Termination**: Until closing
-   **Reason**: Raise liquidity and exit Delaware operations

**Agreement 2: Cannabist Sells Ohio Operations to Holistic Industries in $47 Million Cash-and-Note Deal**

-   **Agreement type**: Equity purchase agreement for Ohio subsidiaries
-   **Counterparty**: Holistic Industries
-   **Signed / Effective**: Mar 23 2026 / same
-   **Duration / Termination**: Until closing
-   **Reason**: Monetize Ohio assets to support restructuring

**Agreement 3: Cannabist Secures Noteholder Support Agreement to Back Asset Sales and Canadian CCAA Process**

-   **Agreement type**: Support Agreement for restructuring and asset sales
-   **Counterparty**: Supporting Noteholders
-   **Signed / Effective**: Mar 23 2026 / same
-   **Duration / Termination**: At will
-   **Reason**: Obtain creditor backing for restructuring and sales

Original SEC Filing: Cannabist Co Holdings Inc. \[ CBSTF \] - 8-K - Mar. 24, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

### Related Stocks

- [The Cannabist Company Holdings Inc. (CBSTF.US)](https://longbridge.com/en/quote/CBSTF.US.md)
- [Cannabis Bioscience International Holdings, Inc. (CBIH.US)](https://longbridge.com/en/quote/CBIH.US.md)
- [CANNABIST CO HOLDINGS INC. (CBSTQ.US)](https://longbridge.com/en/quote/CBSTQ.US.md)

## Related News & Research

- [The Cannabist Company To Commence Chapter 15 Proceedings In U.S. Bankruptcy Court](https://longbridge.com/en/news/280358927.md)
- [The Cannabist Company Announces Strategic Transactions and Initiates Proceedings Under the CCAA | CBSTF Stock News](https://longbridge.com/en/news/280355333.md)
- [Delaware judge reassigns 3 Elon Musk cases while denying LinkedIn-emoji-related bias claims](https://longbridge.com/en/news/281053795.md)
- [Industrials Down on Energy-Shock Duration Fears - Industrials Roundup](https://longbridge.com/en/news/281578755.md)
- [Lensar Faces Heightened Litigation Risk as Shareholders Challenge Merger Disclosures in Delaware](https://longbridge.com/en/news/281478323.md)