Columbia Care Continues Florida Expansion with Four Dispensary Openings

11/26/19

NEW YORK--(BUSINESS WIRE)--Columbia Care Inc. (NEO: CCHW) (OTCQX: CCHWF) (FSE: 3LP), one of the largest fully integrated operators in the global medical cannabis industry with licenses across the US and EU, today announced the expansion of its Florida footprint with the opening of its dispensaries in Cape Coral and Orlando. The Company also expects its Bonita Springs and Melbourne dispensaries to be operational within the next two weeks.

In addition, last week, Columbia Care received state approval to sell flower in its Florida dispensaries. Earlier this year, in anticipation of its significant Florida expansion and increased demand for flower products across the state, the Company announced the expansion of its cultivation and manufacturing operations in Arcadia as well as the construction of a new facility in Lakeland, both of which have been building inventory and will begin supplying premium flower products across the state on December 2, 2019.

“Florida continues to be one of the fastest growing medical cannabis markets in the US, and Columbia Care is proud to be a part of that growth story,” said Nicholas Vita, chief executive officer of Columbia Care. “Since its approval in March, the demand for flower has been strong and we are excited to have received approval to distribute our high-quality flower products to the state as a complement to our portfolio of precision manufactured, dose metered pharmaceutical quality products. With 22 dispensary locations either open or under development and two primary manufacturing and cultivation sites operational, our ability to offer Columbia Care’s full suite of proprietary medical cannabis products throughout the state will serve as the foundation for our growth and profitability. The 400,000+ registered patients in Florida deserve a best-in-class experience along with the differentiated delivery forms we are known for. We are proud of the work done to date by our Florida team and remain committed to setting the bar for quality and service in the Sunshine State.”

The Company expects to introduce the CNC Card, the nation’s first legal credit card for cannabis purchases, at each of these new locations, as well as its proprietary home delivery service, “CC@Home,” which, together with the CNC Card, is designed to provide a convenient and familiar customer experience as well as streamlined access to Columbia Care’s high-quality cannabis products by making automatic fulfillment a simple and efficient means to access these important medications.

For more information about Columbia Care’s Florida dispensaries, including a menu of available products and hours of operation, please visit https://col-care.com/all-locations/.

Additional information on the CNC Card can be found at www.columbianationalcredit.com.

About Columbia Care Inc.

Columbia Care Inc. is one of the largest fully integrated operators in the global medical cannabis industry with licenses in 15 jurisdictions in the US and the EU. With over 1.4 million in sales transactions since its inception, Columbia Care is a patient-centered organization setting the standard for compassion, professionalism, quality, caring and innovation in cannabis, working in collaboration with some of the most renowned and innovative teaching hospitals and medical centers in the world. The Company is committed to providing the type of education and transparency patients deserve and quality of product that clinicians expect. For more information on Columbia Care, please visit www.col-care.com.

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