The Cannabist Company Strengthens Board with Appointment of Independent Directors

The Cannabist Company Holdings Inc., a prominent player in the U.S. cannabis industry, has announced the appointment of Tom Lynch and Peter Lee as independent directors to its Board of Directors. This strategic addition comes as part of the company's efforts to strengthen its leadership team with seasoned professionals who bring a wealth of experience in capital markets, restructuring, and operational leadership.

Tom Lynch, President and Partner at SierraConstellation Partners LLC, brings over three decades of experience in navigating complex financial landscapes, including restructuring and strategic planning. Peter Lee, with his extensive background in public markets and private equity, including his current role as President and COO of Leafly Holdings, Inc., is expected to contribute significantly to the company's financial performance and strategic direction.

The appointments are aligned with the company's recent completion of a plan of arrangement under Section 192 of the Canada Business Corporations Act, which includes extending the maturities of its senior debt until December 2028, with a potential extension through 2029. David Hart, CEO of The Cannabist Company, expressed optimism about the new directors' contributions, highlighting their expertise as invaluable to the company's future growth and stability.

This move underscores The Cannabist Company's commitment to maintaining a robust governance structure and leveraging deep industry expertise to navigate the evolving cannabis and psychedelic markets. The company's strategic initiatives, including these appointments, are poised to enhance its competitive edge and operational efficiency in a rapidly growing industry.

Further details regarding the arrangement and the new appointments can be found in the company's management information circular dated March 28, 2025, available on SEDAR+ at https://www.sedarplus.ca and EDGAR at https://www.sec.gov.