Columbia Care Inc. (CNSX:CCHW) announced that it has entered into an agreement for private placement of 2,800,000 common shares at a price of CAD 9 per share for gross proceeds of CAD 25,200,000 on a bought deal basis on February 11, 2021. The company has granted Canaccord Genuity Corp. an option, exercisable, in whole or in part, by Canaccord Genuity Corp., giving notice to the company at any time and from time to time up to the closing date, to purchase, or to find substituted purchasers for, up to an additional number of shares equal to 15% of the number of shares sold pursuant to the offering at the offering price per share to cover overallotments, if any, and for market stabilization purposes. The closing of the Offering is expected to occur on or about February 25, 2021 and is subject to the completion of formal documentation and receipt of all regulatory approvals, including the approval of the Canadian Securities Exchange and the Aequitas NEO Exchange. The shares issued will be subject to a customary four-month hold period under Canadian securities laws.