Columbia Care Board Director From Green Leaf Merger Resigns

NEW YORK, June 14, 2023 – PRESS RELEASE – Columbia Care Inc., one of the largest and most experienced cultivators, manufacturers and retailers of cannabis products in the U.S., announced the resignation of 

Philip Goldberg as director of the company, which was effective June 12, 2023.

Goldberg was appointed to the board of directors of the company pursuant to a Nominating Rights and Voting Agreement dated June 11, 2021, entered into in connection with Columbia Care’s acquisition of Green Leaf Medical LLC pursuant to the agreement and plan of merger dated Dec. 21, 2020, among Columbia Care, Green Leaf and certain other parties thereto. Subject to any obligations it may have under the voting agreement, the Columbia Care does not intend to appoint a new director to replace Goldberg.

Goldberg co-founded Green Leaf in 2014 and served as its CEO until the company was acquired by Columbia Care.

As previously reported, the Green Leaf transaction is subject to certain potential milestone payments. The time period relevant to the last potential milestone payment concludes on June 30, 2023, at which point Green Leaf will be fully integrated into Columbia Care.