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Columbia Treatment Inc. (NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE: 3LP) (Columbia Care or the Enterprise) is happy to announce that it has closed its earlier announced bought deal public offering (the Supplying). The Giving consisted of an mixture of 18,572,500 frequent shares of the Firm at a price tag of C$8.05 for every Share for mixture gross proceeds to the Business of C$149,508,625, which bundled the work out in comprehensive of the over-allotment option granted to the underwriters, just before deducting the underwriters’ charges and approximated presenting expenditures.

Canaccord Genuity Corp., as sole e book-runner, and ATB Funds Markets Inc. acted as co-guide Žunderwriters of the Offering, on behalf of a syndicate of underwriters which includes Beacon Securities Minimal, Eight Capital, Echelon Prosperity Partners Inc., ŽParadigm Money Inc. and PI Money Corp. Alliance International Associates acted as monetary advisor to the syndicate.

The Presenting was carried out in each and every of the provinces of Canada, other than Qubec, pursuant to a prospectus dietary supplement to the Companys base shelf prospectus dated September 2, 2020 (the Prospectus) and in other places outdoors of Canada on a non-public placement foundation.

The Company intends to use the web proceeds of the Supplying for functioning capital and basic corporate purposesŽ.

No securities regulatory authority has either permitted or disapproved of the contents of this information release. The prevalent shares have not been and will not be registered below the U.S. Securities Act or any point out securities laws. Appropriately, the common shares may not be offered or marketed inside of the United States or to or for the account or profit of U.S. folks except if registered less than the U.S. Securities Act and applicable condition securities guidelines or pursuant to exemptions from the registration specifications of the U.S. Securities Act and applicable state securities legal guidelines. This information release does not represent an offer you to sell or a solicitation of an supply to buy any securities of the Corporation in any jurisdiction in which these types of give, solicitation or sale would be unlawful.

About Columbia Treatment

Columbia Treatment is 1 of the most significant and most seasoned cultivators, brands and providers of health care and grownup use hashish products and relevant services with licenses in 18 US jurisdictions and the EU. Columbia Treatment currently operates 108 facilities1 like 81 dispensaries and 27 cultivation and producing amenities. Columbia Treatment is a person of the original suppliers of professional medical hashish in the United States, and carries on to deliver an business-primary, affected person-centered medicinal hashish operation that has swiftly expanded into the adult use industry as a premier operator. The business at present features products spanning flower, edibles, oils, and tablets, and manufactures well-known makes like Seed & Strain, Amber and Platinum Label CBD. With a lot more than 4 million product sales transactions given that its inception in 2012, Columbia Care is acknowledged for setting the normal for compassion, professionalism, high quality, care, and innovation in the swiftly expanding hashish business. For much more data on Columbia Treatment, be sure to stop by www.col-care.com.

Warning Regarding Ahead-On the lookout Statements

This push launch is made up of specified statements that represent forward-hunting information inside the meaning of relevant securities regulations (forward-hunting statements). Statements about Columbia Cares objectives, aims, approaches, priorities, intentions, programs, beliefs, anticipations and estimates, and the enterprise, operations, money efficiency and problem of Columbia Care as nicely as statements relating to the closing of the intended use of the net proceeds of the Supplying. The words and phrases consider, be expecting, foresee, estimate, intend, could, will, would, could, must, continue, system, objective, aim, and similar expressions and the detrimental of these kinds of expressions are intended to establish forward-wanting statements, while not all ahead-seeking statements include these pinpointing terms.

The goal of ahead-seeking statements is to deliver the reader with a description of management’s expectations, and these types of forward-searching statements may perhaps not be acceptable for any other purpose. In distinct, but without restricting the foregoing, disclosure in this push release as very well as statements relating to the Company’s goals, strategies and objectives, including future operating effects and economic general performance might make reference to or include ahead-on the lookout statements. While the Organization thinks that the anticipations reflected in such forward wanting statements are affordable, it can give no assurance that these anticipations will confirm to have been suitable. A number of things could lead to actual situations, overall performance or final results to vary materially from what is projected in the ahead-hunting statements. No undue reliance must be placed on ahead-searching statements contained in this press launch. These forward hunting statements are manufactured as of the day of this press release. Columbia Treatment undertakes no obligation to update or revise any ahead-wanting statements, no matter if as a final result of new details, foreseeable future functions or normally, besides as necessary by applicable law. The Company’s ahead-looking statements are expressly competent in their entirety by this cautionary assertion.

1Pro forma amenities both open or beneath enhancement

Trader Call

Lee Evans, VP Trader Relations

Columbia Care

+1.212.271.0915

[email protected]

Media Get in touch with

Lindsay Wilson, VP Communications

Columbia Care

+1.978.662.2038

[email protected]

Gabriella Velez

5WPR

[email protected]