Weil is advising The Cannabist Company in connection with its chapter 15 cases and sale process. 

Cannabist initiated chapter 15 cases on March 25, 2026, in the United States Bankruptcy Court for the District of Delaware following the commencement of a proceeding in Canada on March 24, 2026, under the Companies’ Creditors Arrangement Act. The U.S. Bankruptcy Court granted provisional relief giving full force and effect to the initial relief granted in the CCAA Proceeding.

The coordinated CCAA and chapter 15 proceedings are designed to facilitate Cannabist’s value-maximizing sale process which Weil has advised Cannabist on, including the recently closed sale of its Virginia business for $130 million following a competitive auction, the $47 million sale of its Ohio business and the $16.5 million sale of its Delaware business. The transactions and proceedings are supported by more than 60% of Cannabist’s senior noteholders pursuant to a support agreement.

The Weil team is led by Restructuring partner and Miami office Co-Managing Partner David J. Cohen and Restructuring partner Garrett Fail and includes Restructuring counsel Alexander P. Cohen and associates Andrew Clarke, Immer Chriswell, Zachary Hunt and Charlie Mitchell; Mergers & Acquisitions partners Mariel Cruz, Nav Rekhi and Frances Dales and associates Ting Liu, Adam Voorberg, Brayden Ringel, Gabrielle Fressle, Camille Perbost and Radhey Gnanesh; Tax partner Alfonso J. Dulcey and associate Sydnei Jones; Appeals and Strategic Counseling Co-Head Robert Niles-Weed and associate Max Bloom; and Banking & Finance partner Brendan Conley and associates Keiko Quiñones-Osumi and Carlyn Shockley.