On March 19, 2024, The Cannabist Company Holdings Inc. closed the transaction. The Notes are being issued pursuant to the exemption from registration provided by Rule 506(b) of Regulation D of the Securities Act of 1933, as amended (the ?Securities Act?). The Company is relying on this exemption from registration based in part on the nature of the transaction and the representations made by the Investors.

Interest on notes is payable semiannually in arrears on March 31 and September 30 of each year, beginning on September 30, 2024. Notes will mature on March 19, 2027. The company has received funding pursuant to exemption provided under Regulation D. The transaction included participation from 7 investors.