Premium Crafted Edibles Feature Blend of Live Resin

NEW YORK--(BUSINESS WIRE)--Aug. 1, 2024-- The (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 theU.S., announced today the latest expansion of its partnership with Airo with the launch of Oria by Airo inNew Jersey. Oria is Airo’s premium line of live resin-infused gummies. An industry-leading, multi-state cannabis company known for its advanced vapor delivery systems;Airo Brandsnow brings that same innovation to its edibles line.

The Cannabist Companywill utilize its premium cannabis oil and state-of-the-art infusion processes for Oria by Airo. The fast-acting, long-lasting, all-natural, vegan, and gluten-free line of edibles mirrors Airo’s vaping experience using its Artisan Series flavor profiles and full-spectrum effects. The flavor-forward edibles provide optimal potency, and are designed for fast absorption and increased efficiency. Oria offers 6 terpene-enhanced formulations, 3 of which also include minor cannabinoids:

• Bahama Breeze(Hybrid): mango & melon
• Berry Bliss(Indica): berries & whipped cream
• Black Mamba (Sativa): citrus & blackberry
• Sumatran Sunrise (Sativa): blood orange with CBC
• Midnight Moon (Indica): black & blueberry with CBN
• Citrus Splash (Hybrid): lemon & lime with CBC

“We are incredibly excited to further expand our successful partnership with Airo by bringing Oria gummies to New Jersey,” said Volley Hayhurst, VP, Operations,The Cannabist Company. “These edibles are not only delicious but also offer the high-quality and fast onset of effects that our customers have come to expect from Airo products. These edibles are a perfect addition as theNew Jerseymarket continues to expand and is yet another example of our ability to support our partners while leveraging capacity and utilizing our state-of-the-art processing capabilities at our top-notch facilities.”

“The Cannabist Company’s dedication to quality cultivation and manufacturing, combined with their strong retail and wholesale channels, make them the perfect partner for our brand expansion,” saidRichard Yost, CEO ofAiro Brands. “We’re excited for how this partnership enables us to introduce Oria edibles toNew Jersey, thereby continuing our mission of elevating the cannabis experience for consumers.”

The Cannabist Companyfirst teamed up with Airo in November of 2023 inDelaware, with its cutting-edge vaporizers and oils quickly becoming top-selling products at Cannabist locations state-wide and expanded intoWest Virginiaearlier this year. Additional market launches and products will continue to roll out in the coming months, pending regulatory approval.

For more information, visit cannabistcompany.com and airobrands.com.

AboutThe Cannabist Company(f/k/aColumbia Care)

The Cannabist Company, formerly known asColumbia Care, is one of the most experienced cultivators, manufacturers and providers of cannabis products and related services, with licenses in 13 U.S. jurisdictions. The Company operates 95 facilities including 73 dispensaries and 22 cultivation and manufacturing facilities, including those under development and assuming the closure of announced divesture transactions.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.

About Airo

Founded in 2017, Airo is an industry-leading cannabis brand with a mission to deliver a superior consumption experience through cutting-edge technologies and the highest quality materials. As ofMay 2024, Airo products can be found in over 1,700 licensed medical and adult use cannabis dispensaries across 22 U.S. states andPuerto Rico. Renowned for its award-winning vapor products, Airo has emerged as a top-selling brand in multipleU.S.states. Expanding upon its innovative offerings, Airo recently introduced Oria, a new line of cannabis-infused edibles. For more information, please visit www.airobrands.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, security holders should review the risk factors discussed under “Risk Factors” in Columbia Care’s Form 10-K for the year endedDecember 31, 2023, 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/20240801786308/en/

Investors
Lee Ann Evans
SVP, Capital Markets
investor@cannabistcompany.com

Media
Lindsay Wilson
SVP, Communications
media@cannabistcompany.com

Source: TheCannabist Company Holdings Inc.