The Cannabist Company

What The Cannabist Company does

The Cannabist Company Holdings Inc., formerly Columbia Care, is a vertically integrated U.S. cannabis multistate operator (MSO) founded in 2013 and rebranded in 2021-2023. The company cultivates, manufactures, and retails medical and adult-use cannabis products through company-operated Cannabist dispensaries and B2B wholesale channels, supported by proprietary technology platforms including the Forage cannabis discovery tool, the Stash Cash Rewards national loyalty app, and the CNC Card. Its owned brand portfolio spans Seed & Strain, Triple Seven, Classix, gLeaf, dreamt, and Press, complemented by partner brands such as Old Pal, Bloom, COAST Cannabis Co., Airo, Ric Flair Drip, and Veda Warrior. As of February 2026, the company operated 69 facilities (54 dispensaries and 15 cultivation/manufacturing) across 11 U.S. jurisdictions, down from 131 facilities in 18 jurisdictions in 2022. The company had previously grown via major acquisitions including The Green Solution, Medicine Man, Project Cannabis, and Green Leaf Medical, and raised peak equity and debt rounds exceeding $500 million in 2021-2022.

The company's business model combines direct-to-consumer retail dispensary sales with wholesale distribution to third-party licensed operators, supplemented by partnership-driven brand extensions (Old Pal, Bloom, Airo, COAST). Pricing varies by state regulation and product format, with medical and adult-use customers served through in-store retail, online ordering with pickup, and home delivery where permitted. Major customer segments include medical cannabis patients in regulated states, adult-use recreational consumers in legal states, and B2B licensed operators purchasing wholesale branded products.

As of March 25, 2026, the company filed for Chapter 11 bankruptcy in Delaware with concurrent CCAA proceedings in Canada, carrying approximately $270 million in debt to senior noteholders and the IRS. The company is actively divesting assets — including $130 million Virginia sale to Millstreet Credit Fund, $47 million Ohio sale to Holistic Industries, and $16.5 million Delaware sale to Parma Holdco — while ceasing operations in New York and Pennsylvania. Chapter 15 recognition was granted May 9, 2026, marking the first judicial confirmation that foreign restructuring proceedings can benefit cannabis companies with U.S. operations.

Name

The Cannabist Company

Legal name

The Cannabist Company Holdings Inc.

Website

https://www.cannabistcompany.com

Company type

Public

Founded year

2012

Operating status

Acquired

Headcount range

251–500 employees

Short description

The Cannabist Company is a vertically integrated U.S. cannabis multistate operator that cultivates, manufactures, and retails medical and adult-use cannabis through Cannabist dispensaries and wholesale channels across 11 states, operating a portfolio of owned and partner brands.

Ownership category

akta.pro rank

Product category

Cannabis Products and Retail

NAICS

Tobacco, Electronic Cigarette, and Other Smoking Supplies Retailers (459991), Beverage and Tobacco Product Manufacturing (312)

SIC

Retail-Drug Stores And Proprietary Stores (5912), Medicinal Chemicals & Botanical Products (2833)

akta.pro primary industry

Cannabis Dispensary + Delivery/Online Pickup (Omnichannel Retail) (CRANAFAG)

akta.pro secondary industries

Cannabis Accessories & Ancillary Product Delivery (Vapes, Papers, Devices) (CRANAGAJ), Cannabis Dispensary + Ancillary Retail (Accessories, CBD/Hemp, Merchandise) (CRANAFAH)

Keywords

• Medical cannabis products
• Adult-use cannabis retail
• Cannabis cultivation manufacturing
• Wholesale cannabis distribution
• Cannabis brand portfolio

Headquarters

HQ city

Chelmsford

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Marketing or Sales, Supply Chain, Technology or R&D, Infrastructure

Revenue model

1. Retail Dispensary Sales: Revenue generated from direct-to-consumer sales through company-operated Cannabist dispensaries. Serves medical cannabis patients and adult-use customers in legal states. Includes flower, edibles, oils, tablets, vapes and other cannabis products. Top markets historically include California, Colorado, Massachusetts, Pennsylvania, and Virginia.
2. Wholesale Distribution: B2B sales of cultivated and manufactured cannabis products to other licensed operators, dispensaries, and retail partners. Company supplies branded products (Seed & Strain, Triple Seven, Classix) to wholesale accounts. Became largest wholesale operator in West Virginia.
3. Asset Divestitures: Strategic asset sales as part of restructuring and debt reduction. Completed $130M Virginia sale, $47M Ohio sale to Holistic Industries, $16.5M Delaware sale to Parma Holdco, and $130M Florida sale to MINT Cannabis and SHANGO.
4. Cultivation and Manufacturing Services: Revenue from large-scale cultivation facilities including 270,000 sq ft New Jersey facility, 50,000 sq ft Vineland facility, 40,000 sq ft West Virginia facility, and 34-acre Long Island greenhouse. Manufacturing includes edibles, oils, tablets, and topical production.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

The Cannabist Company cultivates, manufactures, and retails medical and adult-use cannabis products through a vertically integrated multi-state operation. The company sells flower, edibles, oils, tablets, tinctures, vapes, and topical cannabis products both directly to consumers via its Cannabist-branded dispensary network and wholesale to other licensed cannabis operators. The retail platform operates under the Cannabist brand and is supported by proprietary technology including the Forage discovery tool and Stash Cash Rewards loyalty app, with a national brand portfolio spanning Seed & Strain, Triple Seven, Classix, gLeaf, dreamt, Press, and EleCeed.

Product overview

The Cannabist Company is a major multi-state cannabis operator offering a vertically integrated platform spanning cultivation, manufacturing, and retail. The core retail experience is delivered through the Cannabist dispensary brand, complemented by proprietary technology platforms including the Forage cannabis discovery tool and Stash Cash Rewards loyalty app. The company manufactures and distributes a diverse portfolio of owned brands including Seed & Strain, Triple Seven, Classix, gLeaf, dreamt, Press, Amber, and Platinum Label CBD, alongside partnership brands such as COAST Cannabis Co., Old Pal, Bloom Brand, Airo, Ric Flair Drip, Flower by Edie Parker, and Veda Warrior. The company also holds acquired legacy brands from acquisitions including The Green Solution (Colorado), Medicine Man (Colorado), Project Cannabis (California), and Patriot Care (Massachusetts). Product formats include flower, edibles, oils, tablets, tinctures, topicals, and vaporizers, serving both medical and adult-use markets across multiple U.S. states and the UK.

Differentiator

Problem solved

Functional benefit

Brands

• Seed & Strain: National lifestyle flower brand
• Triple Seven
• gLeaf
• Classix
• Press
• Amber
• Platinum Label CBD
• Airo Brand
• Old Pal
• Bloom
• COAST Cannabis Co.
• Ric Flair Drip
• Flower by Edie Parker
• Dreamt
• Veda Warrior

Products and services

• Cannabist Retail Dispensaries Company-operated dispensary network under the Cannabist brand offering medical and adult-use cannabis products including flower, edibles, oils, tablets, vapes, and topical products across multiple U.S. states. As of early 2026, the company operated 54 dispensaries across 11 U.S. jurisdictions.
• Forage Cannabis Discovery Tool Proprietary online cannabis discovery tool that helps customers find strains and products to fit their needs through an intelligent matching system. Available in-store and online.
• Stash Cash Rewards Loyalty App National cannabis loyalty mobile application across multiple markets and the company's portfolio of retail brands, enabling customer retention and cross-market engagement.
• Seed & Strain Cannabis Brand National lifestyle cannabis flower brand offering consistent quality and variety across multiple states, including whole flower, pre-rolls, and vape products. Available in 12+ markets.
• Classix Cannabis Brand Legacy California cannabis brand featuring a wide variety of strains including Bubba Kush, Maui Wowie, and Blueberry Headband, available in flower and pre-roll formats across 13 markets.
• Triple Seven Cannabis Brand Award-winning cannabis brand available across multiple markets offering premium flower and vape products.
• gLeaf Cannabis Brand Cannabis brand operating in Virginia and other markets, including retail locations and cultivation/production operations. Brand also powers product distribution partnerships such as the Bloom Brand launch in Maryland.
• dreamt Edibles and Tinctures Brand Cannabis brand featuring Dreamt Chews (infused edible, 5mg, 20 chews) and Dreamt Tincture (tincture, 5mg, 32 doses), available in Massachusetts, New Jersey, and Virginia markets.
• Press Cannabis Tablets Cannabis tablet brand including PRESS 2.0 formulation offering precise dosing as a pharmaceutical-quality alternative to flower and other formats.
• EleCeed Medical Cannabis Tablets Proprietary pharmaceutical-quality, long-lasting medical cannabis tablets designed for medical patients requiring consistent dosing.
• The Green Solution (TGS) Dispensaries Colorado's largest vertically integrated cannabis operator, acquired and retained as a brand, operating dispensaries throughout the Colorado market.
• Medicine Man Dispensaries Vertically integrated cannabis operator in the Denver Metro area, acquired and retained as a brand to expand the company's Colorado dispensary footprint.
• Project Cannabis Dispensaries California-based cannabis company acquired and retained as a brand to support the company's expansion in the California market.
• Patriot Care Dispensaries Massachusetts cannabis operator with locations including a downtown Boston dispensary, acquired and retained as a brand.
• Ceed UK Medical Cannabis Brand UK medical cannabis brand offering vaporizer pens, tinctures, and solid-fill powder capsules with different THC:CBD ratios and terpene profiles for medical patients.
• N2P CBD Wellness Line Full spectrum CBD wellness products line launched in partnership with international superstar Pitbull.

Quantifiable outcome

• Q1 2022 revenue growth of 43% year-over-year to $123M
• +4 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature6 records

Partnerships

13 partnerships are on record, tiered core and flagship.

• The Bloom BrandcoreChannel Partner/ Reseller/ Distributor · 11 December 2025Partnership to launch Bloom Surf vape products in Maryland through gLeaf and The Cannabist Company. Brand is minority and immigrant-owned, emphasizing terpene-rich, flavor-forward products and social equity alignment. Expansion adds Maryland to Bloom's existing footprint across nine U.S. states.
• Old PalcoreChannel Partner/ Reseller/ Distributor · 26 November 2025Partnership with top-performing cannabis flower brand expanded into West Virginia for medical patients, building on prior expansions in other states. All products cultivated and produced by The Cannabist Company. Brand known for consistent quality and lifestyle positioning.
• Queen MarycoreChannel Partner/ Reseller/ Distributor · 30 September 2025Partnership to launch wellness-focused cannabis products in Colorado market. Queen Mary brand known for premium positioning and wellness-oriented product development.
• Ric Flair DripflagshipChannel Partner/ Reseller/ Distributor · 22 January 2025Partnership with wrestling legend Ric Flair's cannabis brand expanded to New Jersey market after successful launch in Delaware. Brand leverages Ric Flair's iconic persona and lifestyle brand.
• Flower by Edie ParkercoreChannel Partner/ Reseller/ Distributor · 5 December 2024New multi-state retail and wholesale partnership with women-led cannabis brand. Initial launch in Virginia and Colorado markets. Brand focused on design-forward products and female-owned positioning.
• Veda WarriorflagshipStrategic or Co-development Partner · 20 November 2024Partnership with woman-owned Ayurvedic wellness brand to launch cannabis-infused holistic wellness products (ghee butter, olive oil, coconut oil) in New Jersey market. Second phase planned with nine effects-based products including edibles and topicals with Ayurvedic herb blends. Marked Veda Warrior's entry into cannabis industry.
• COAST Cannabis Co.coreChannel Partner/ Reseller/ Distributor · 13 November 2024Partnership expanded edibles to New Jersey market and subsequently to Maryland. Company introduced COAST Cannabis Co. edibles across company dispensaries and wholesale network.
• ButACakecoreChannel Partner/ Reseller/ Distributor · 16 August 2024Expansion of collaboration with minority-owned edibles company to Maryland market after successful New Jersey launch. ButACake produces cannabis-infused edibles with focus on minority ownership and social equity.
• RevelrycoreChannel Partner/ Reseller/ Distributor · 9 April 2024Partnership expansion to four new East Coast markets with West Coast lifestyle cannabis and retail leader. Revelry brings lifestyle brand positioning and West Coast aesthetic to Cannabist's retail network.
• Airo BrandscoreChannel Partner/ Reseller/ Distributor · 15 February 2024Multi-state retail and wholesale partnership with leading vaporizer brand. Expanded partnership with launch of Fast Onset Oria Edibles in New Jersey. Partnership spans multiple states including Pennsylvania, Virginia, and New Jersey.
• Jane Technologies Inc.coreTechnology or Integration · 21 November 2023Technology partnership powering the company's website reservation system. Jane Technologies provides the iHeartJane platform for online ordering and dispensary management.
• Alpine IQcoreTechnology or IntegrationTechnology partnership for loyalty and rewards programs. Alpine IQ platform manages email and SMS alerts, loyalty programs, and customer engagement for The Cannabist Company.
• Sweed Inc.coreTechnology or IntegrationTechnology partnership powering point of sale, website reservation system, and loyalty rewards programs at some company locations.

Scale indicators9 records

Recent moves11 records

Expansion highlights5 records

Direct peers

• Curaleaf Holdings: Multi-state cannabis operator with retail dispensaries, cultivation, and processing across 17+ states. The Cannabist Company agreed to sell Virginia assets to Curaleaf ($110M terminated deal) before Millstreet outbid them. Direct competitor in overlapping markets including New Jersey, Massachusetts, and Virginia.
• Verano Holdings: Vertically integrated cannabis MSO operating dispensaries and cultivation across multiple U.S. states. Acquired The Cannabist Company's Arizona and Virginia subsidiaries in 2024. Direct competitor in adult-use and medical markets.
• Cresco Labs: Multi-state cannabis operator with retail, cultivation, and wholesale operations. Terminated merger agreement with The Cannabist Company in July 2023. Direct competitor in Illinois, Pennsylvania, and Ohio markets.
• Green Thumb Industries: U.S. cannabis MSO operating Rise and Essence dispensaries across multiple states with vertically integrated operations. Comparable in scale and multi-state retail footprint to The Cannabist Company.
• Trulieve Cannabis: Multi-state cannabis operator focused on Florida, Pennsylvania, and other Eastern U.S. markets with vertically integrated cultivation and retail. Comparable in operational model and geography overlap.
• Tilray Brands: Large multi-state cannabis operator with cultivation, processing, and retail across North America. Comparable in diversified brand portfolio and vertically integrated approach to The Cannabist Company's operations.
• Ayr Wellness: Multi-state cannabis operator with retail and cultivation across U.S. markets. Comparable in operational model and exposure to Eastern U.S. cannabis markets including New Jersey and Massachusetts.
• Holistic Industries Inc. Multi-state cannabis operator that purchased The Cannabist Company's Ohio operations for $47M in 2026. Direct acquirer of Cannabist assets and competitor in Ohio and surrounding markets.

Broad incumbents

• Canopy Growth Corporation: Large North American cannabis company with operations across Canada, U.S., and Europe. Broader scope than Cannabist but comparable in vertically integrated retail-cultivation model and U.S. expansion ambitions.

Others

• Innovative Industrial Properties: Cannabis-focused REIT providing sale-leaseback financing and real estate capital to cannabis operators including The Cannabist Company. Indirect enabler/comparator in cannabis industry economics rather than direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/canncompany
• LinkedInlinkedin.com/company/col-care
• Instagraminstagram.com/cannabistcompany
• Xx.com/cann_company

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries6 records

Funding overview

Funding rounds19 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A5 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Cannabist Company