An unknown buyer entered into a definitive agreement to acquire Utah operations from The Cannabist Company Holdings Inc. (OTCPK:CBST.F) for $6.6 million.

An unknown buyer entered into a definitive agreement to acquire Utah operations from The Cannabist Company Holdings Inc. (OTCPK:CBST.F) for $6.6 million on October 6, 2023. The Utah operations comprised of one dispensary and one cultivation facility. The Utah Business is being divested for gross proceeds of $6.6 million, with approximately $4 million due on closing of the transaction, and a $2.6 million seller note payable to the Company not later than July 2025.

The transaction is subject to closing conditions.