Cannabist Co Holdings Inc. 8-K

What Happened Cannabist Co Holdings Inc. (CBSTF) filed an 8-K on Feb 3, 2026 reporting it entered a Forbearance Agreement on January 30, 2026 with an ad hoc group of holders of its 9.25% Senior Secured Notes and 9.00% Senior Secured Convertible Notes (both due Dec. 31, 2028). The company elected not to make the interest payments due December 31, 2025 to preserve short‑term liquidity. The forbearance pauses noteholders’ remedies under the indenture through February 17, 2026 while the parties and their advisors continue discussions about liquidity and strategic options.

Key Details

• Forbearance Agreement date: January 30, 2026; forbearance runs through February 17, 2026 (subject to terms).
• Notes affected: 9.25% Senior Secured Notes due Dec. 31, 2028 and 9.00% Senior Secured Convertible Notes due Dec. 31, 2028.
• The ad hoc Forbearing Noteholders group holds more than 75% of the outstanding principal of the Notes.
• The company chose not to pay interest due Dec. 31, 2025; non‑payment during the 30‑day grace period under the indenture would constitute an event of default absent forbearance.

Why It Matters This filing signals near‑term financial stress and that Cannabist is actively negotiating with creditors to avoid immediate defaults while evaluating asset sales or other strategic/financial options (the company referenced a recent sale announcement of Virginia assets). For retail investors, the forbearance provides a temporary reprieve from creditor remedies but creates uncertainty: the agreement expires Feb. 17, 2026 and there is no assurance of extension or a restructuring outcome. Watch for further SEC filings or company announcements about any extensions, restructuring steps, asset sales, or potential defaults.