The Cannabist Company

Cannabist, a multi-state marijuana operator, has closed its Denver cultivation facility as its bankruptcy proceedings continue. The closure is part of the company's restructuring during bankruptcy and affects its Denver cultivation operations, though the article does not specify an exact number of employees impacted. The move reflects ongoing financial distress at the operator and is tied to the legal and bankruptcy process rather than a voluntary downsizing for operational reasons. No explicit employee-count or severance details were provided in the report.

The Cannabist Company Holdings Inc. (formerly Columbia Care) has notified New Jersey officials that it plans to lay off 86 employees at its Vineland cultivation facility as part of a restructuring tied to bankruptcy proceedings and asset sales. The company filed restructuring proceedings in Canada under the CCAA and is seeking recognition through Chapter 15 in the U.S., and has been selling state assets while pursuing strategic transactions. The layoffs are part of broader retrenchment amid operational and financial challenges facing the company and the wider cannabis industry, with other sales of assets in multiple states already underway. The company signed a memorandum of understanding to sell its New Jersey operations and has disclosed the workforce reduction will occur by October as it restructures.