The Cannabist Co. Further Extends Forbearance Agreement With Senior Noteholders

[PRESS RELEASE] – CHELMSFORD, Mass., Feb. 20, 2026 – The Cannabist Co. Holdings Inc., one of the most experienced cultivators, manufacturers and retailers of cannabis products in the United States, announced that the ad hoc group of noteholders of the company’s 9.25% senior secured notes due Dec. 31, 2028, and the 9% senior secured convertible notes due Dec. 31, 2028 (collectively, the “notes”), which are parties to the previously announced forbearance agreement with the company, have agreed to a further extension and to forbear from exercising any of their rights and remedies under the amended and restated indenture, as supplemented, governing the notes and applicable law, until Feb. 27, 2026.