Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Cannabist Company Holdings ( (TSE:CBST) ) has provided an announcement.
The Cannabist Company announced the opening of its third dispensary in Mays Landing, New Jersey, expanding its presence in the state. The new location currently serves medical cannabis patients and will introduce adult-use sales in early 2025 pending regulatory approval. This expansion, supported by significant cultivation and production capacity, strengthens the company’s market position in New Jersey and enhances its ability to meet increasing product demands, benefiting both medical and future adult-use customers.
More about Cannabist Company Holdings
The Cannabist Company, formerly known as Columbia Care, is a leading cultivator, manufacturer, and retailer of cannabis products in the U.S., with licenses in 14 jurisdictions. The company operates 89 facilities, including dispensaries and cultivation sites, offering a wide range of cannabis products, and has established the Cannabist retail brand to expand its national dispensary network.
YTD Price Performance: 14.71%
Average Trading Volume: 973,211
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $158.2M
See more data about CBST stock on TipRanks’ Stock Analysis page.