Cannabist Company Holdings (TSE:CBST) has released an update.
The Cannabist Company has successfully closed the sale of its 14 Florida dispensaries and two cultivation facilities to a joint venture between MINT Cannabis and SHANGO for $5 million. This strategic move is part of the company’s efforts to streamline its portfolio and improve financial stability. The Cannabist Company plans to use the proceeds to strengthen its balance sheet and exit a less profitable market.
For further insights into TSE:CBST stock, check out TipRanks’ Stock Analysis page.
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