Financial Personal
The Cannabist Company Announces Corporate Restructuring and Upcoming Florida Divestitures as Part of its Continued Business Transformation Initiatives
Restructured corporate operations to align with focus on key growth markets and generate an expected net annual savings of approximately $10 million once fully implemented Optimizing operational footprint with planned divestiture of asset portfolio a
NEW YORK -- The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX: CBSTF) (FSE: 3LP) (“The Cannabist Company” or the “Company”), one of the most experienced cultivators, manufacturers and retailers of cannabis products in the U.S., today announced a series of initiatives as part of its ongoing business transformation intended to improve profitability, enhance margin profile and enable cash flow generation. These initiatives include a corporate restructuring expected to generate approximately $10 million in annual cost-savings; the planned divestiture of its entire asset portfolio and license in Florida; and closing or modifying the operations of other underperforming assets. Read More
Related
Share this page
Guest Posts by Easy Branches