Weil is serving as counsel to The Cannabist Company Holdings Inc. (“Cannabist”) in the sale of certain of its cannabis cultivation, manufacturing and retail operations across five state markets – Colorado, Illinois, Massachusetts, New Jersey and West Virginia – to a subsidiary of Vireo Growth Inc. (“Vireo”). Completion of the transaction is expected to occur in stages through calendar year 2026 and into calendar year 2027.

The transaction is the latest step in Cannabist’s value-maximizing sale process, on which Weil advised Cannabist through its coordinated CCAA and chapter 15 proceedings, following the previously announced sales of Cannabist’s Virginia, Ohio and Delaware businesses.

The Weil team is led by Restructuring partner and Miami office Co-Managing Partner David J. Cohen, M&A partner Mariel Cruz, Private Equity partner Nav Rekhi and Restructuring partner Garrett Fail, and the team includes Mergers & Acquisitions associate Ting Liu; Private Equity associates Adam Voorberg and Radhey Gnanesh; Restructuring counsel Alexander P. Cohen and associates Andrew Clarke, Immer Chriswell, Zachary Hunt and Charlie Mitchell; Banking & Finance partner Brendan Conley and associates Keiko Quiñones-Osumi and Carlyn Shockley; Tax partner Alfonso J. Dulcey and associate Sydnei Jones; and Real Estate partner Jannelle Seales, counsel Simon Heimowitz and associate Brenna Murphy.