Partnership Will Introduce New Oral Dissolvable Strips to Cannabist New Jersey Locations
NEW YORK--(BUSINESS WIRE)--Dec. 14, 2023-- (NEO: CBST) (OTCQX: CBSTF) (FSE: 3LP) (“The Cannabist Company” or the “Company”), one of the largest and most experienced cultivators, manufacturers, and retailers of cannabis products in theU.S., announced the expansion of its collaboration with the minority-owned baked goods and infused edibles company, ButACake, toNew Jersey. Expansion into additional markets is slated for 2024 pending regulatory approval. ButACake’s newly developed oral dissolvable strips will be available at Cannabist locations inDeptfordandVineland, as well as other dispensaries across the state starting today.
The expansion of the collaboration beyondDelawarefeatures the launch of ButACake’s new ginger peach oral dissolvable strip, which is the culmination of years of dedicated work and refinement. The ginger peach dissolvable strip package includes two individually wrapped strips and is vegan, sugar-free, and gluten-free. Each individual strip contains 10mg of THC and is perfect for customers looking for an easy and discrete experience. Through the collaboration, the strips will be infused with The Cannabist Company’s premium oil and will be manufactured at itsNew Jerseyfacility.
“We are excited to introduce this amazing new product to ourNew Jerseycustomers and expand our wonderful collaboration with ButACake to a new market,” said Volley Hayhurst, VP, Operations,The Cannabist Company. “Working with ButACake’s founder,Matha Figaro, inDelawarehas been a huge success, and we know her delicious products will be a big hit in theNew Jerseymarket. The expansion of this great relationship is another example of our commitment to building brand partnerships that provide the most innovative products to our loyal customers.”
ButACake was founded in 2015 by trained pastry chefMatha Figaro, as a line of non-infused baked goods sold at farmers’ markets inNew Jersey. Now, through its collaboration withThe Cannabist Company, ButACake is an emerging cannabis brand. Its products are among the top-selling edibles at Cannabist locations inDelaware. The expansion intoNew Jerseyis a milestone moment, with ButACake becoming the first minority women-owned cannabis product manufacturer in the state.
“Expanding into the heart of my home stateNew Jerseyis a dream come true and we are elated to enter into this next chapter in our story and are so grateful for this continued collaboration withThe Cannabist Company,” saidMatha Figaro, CEO, ButACake. “The launch of our ginger peach strips and the ability to bring our delicious infused baked goods into the Garden State is another chance for me to share my passion and to help make a difference for people looking for the best cannabis experience. This journey has been incredible so far, and the best is yet to come.”
Pending regulatory approval, additional products such as cookies and brownies, similar to what is currently offered inDelaware, will be available inNew Jerseysoon. Once approved, ButACake will bake the brownies and cookies on-site at The Cannabist Company’sNew Jerseyproduction facility and infuse the products using The Cannabist Company’s cannabis oil.
To see a menu of products and availability, find your localNew Jerseydispensary here: https://www.cannabistcompany.com/locations.
To learn more about ButACake, visit https://butacake.com/.
AboutThe Cannabist Company(f/k/aColumbia Care)
The Cannabist Company, formerly known asColumbia Care, is one of the largest and most experienced cultivators, manufacturers and providers of cannabis products and related services, with licenses in 16 U.S. jurisdictions. The Company operates 125 facilities including 94 dispensaries and 31 cultivation and manufacturing facilities, including those under development.Columbia Care, nowThe Cannabist Company, is one of the original multi-state providers of 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 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, please visit www.cannabistcompany.com.
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. In addition, securityholders should review the risk factors discussed under “Risk Factors” in Columbia Care’s Form 10-K for the year endedDecember 31, 2022, as, filed with Canadian andU.S.securities regulatory authorities and described from time to time in subsequent documents filed with applicable securities regulatory authorities.
View source version on businesswire.com: https://www.businesswire.com/news/home/20231214626101/en/
Lee Ann Evans
SVP, Capital Markets
Source:The Cannabist Company Holdings Inc.