Cannabist Co. to Cease New Jersey Cultivation, Divest Retail Assets Amidst Bankruptcy
As part of ongoing bankruptcy proceedings, The Cannabist Co. will close its New Jersey cultivation operations and sell three retail locations.
By The Herb House Desk·July 22, 2026
The Cannabist Co. is undertaking further restructuring efforts in New Jersey as it navigates bankruptcy. This includes the closure of two cannabis cultivation facilities within the state.
Simultaneously, the company is divesting three of its retail establishments in New Jersey. These retail assets are slated for acquisition by Vireo Growth, a competitor in the cannabis market.
Source: MJBizDaily.
Reporting informed by public dispatches from MJBizDaily.