Columbia Care Opens its 8th Dispensary in Virginia

Newest Location Marks Company’s Fourth Virginia Dispensary Opening in Last Three Months

NEW YORK--(BUSINESS WIRE)--Feb. 14, 2023-- (NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE: 3LP) (“Columbia Care” or the “Company”), one of the largest and most experienced cultivators, manufacturers and retailers of cannabis products in theU.S., announced it has opened a new dispensary inColonial Heights, Virginia, under its gLeaf brand. This is the Company’s eighth dispensary in the state, and 84th active dispensary nationwide. The dispensary is located at401 Southpark Boulevard.

“As Virginians continue to normalize cannabis across the Commonwealth, we are thrilled to bring them another location where they can access their medicine,” saidPhil Goldberg, VP, Operations,Columbia Care. “We are grateful to theBoard of Pharmacyand our new neighbors who have graciously welcomed us to theColonial Heightscommunity.”

gLeafColonial Heightswill sellColumbia Careproducts including gLeaf, Classix and Seed & Strain.Columbia Careand Green Leaf Medical (gLeaf) are licensed to operate a market-leading total of 12 dispensaries inVirginiacombined. The Company plans to open another dispensary in the near term, pending regulatory approval.Columbia Carealso has a fleet of delivery vehicles able to serve the entire state from itsRichmond-area locations.

“We continue to be excited by the momentum building inVirginia, already one of our top markets, as we open additional locations and broaden access to this incredible plant,” saidJesse Channon, Chief Growth Officer,Columbia Care. “Our Virginia team is working hard to bring the highest quality product and the highest level of customer service to the patients we serve. We look forward to continued expansion of this burgeoning medical program.”

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AboutColumbia Care

Columbia Careis one of the largest and most experienced cultivators, manufacturers and providers of cannabis products and related services, with licenses in 18 U.S. jurisdictions.Columbia Careoperates 128 facilities including 95 dispensaries and 33 cultivation and manufacturing facilities, including those under development.Columbia Careis one of the original multi-state providers of medical cannabis in theU.S.and now delivers industry-leading products and services to both the medical and adult-use markets. In 2021, the company launched Cannabist, its new retail brand, creating a national dispensary network that leverages proprietary technology platforms. The company offers products spanning flower, edibles, oils and tablets, and manufactures popular brands including Seed & Strain, Triple Seven, Hedy, gLeaf, Classix, Press, and Amber. For more information onColumbia Care, please visit

Caution Concerning Forward-Looking Statements

This press release contains certain statements that constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws and reflect the Company’s current expectations regarding future events. Forward-looking statements or information contained in this release include, but are not limited to, statements or information with respect to the Company’s ability to execute on retail, wholesale, brand and product initiatives. These forward-looking statements or information, which although considered reasonable by the Company, may prove to be incorrect and are subject to known and unknown risks and uncertainties that may cause actual results, performance or achievements of the Company to be materially different from those expressed or implied by any forward-looking information. These risks, uncertainties and other factors include, among others, favorable operating and economic conditions; obtaining and maintaining all required licenses and permits; favorable production levels and sustainable costs from the Company’s operations; and the level of demand for cannabis products, including the Company’s products sold by third parties. In addition, securityholders should review the risk factors discussed under “Risk Factors” in Columbia Care’s Form 10 datedMay 9, 2022, filed with the applicable securities regulatory authorities and described from time to time in documents filed by the Company with Canadian andU.S.securities regulatory authorities.

Lee Ann Evans
Capital Markets

Lindsay Wilson

Source:Columbia Care Inc.

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