Deals & Matters

Foley Hoag Advises The Cannabist Company in Sale of Pennsylvania Affiliate

August 20, 2025

On August 18, 2025, The Cannabist Company, a cannabis cultivator, manufacturer and retailer, announced that it closed on the sale of its Pennsylvania affiliate to VP Investment Holdings, LLC. The strategic transaction will allow The Cannabist Company to enhance the commercialization of its grow-processor facility located in Pennsylvania and continue to serve the broader market through producing high-quality medical marijuana.
 
The team advising The Cannabist Company includes Erica Rice, Shane Safer and Angelo Atangan.
 
The firm has advised The Cannabist Company (formerly known as Columbia Care) on a number of strategic transactions, including the sale of its Florida assets to Mint Cannabis; the sale of its Arizona and Virgina assets to Verano Holdings Corp., and the $240M acquisition of gLeaf.

Read the press release and learn more about Foley Hoag’s Cannabis and Hemp practice.

Join our Cannabis team at our upcoming Cannabis Webinar Series:
Cannabis Debt Finance & Transactions: September 8, 2025
Cannabis Disputes/Restructuring & Regulatory: September 15, 2025