Columbia Care Opens in 16th U.S. Jurisdiction with Receipt of Approval to Operate in Virginia

4/8/20

NEW YORK--(BUSINESS WIRE)--Columbia Care, Inc. (NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE: 3LP) announced that it has received approval from the Virginia Board of Pharmacy to commence vertically integrated operations for the cultivation, manufacture and sale of medical cannabis. The Company also announced the completion of its 65,000 square foot vertically integrated Portsmouth facility.

Although Columbia Care will launch dispensary operations with state-wide home delivery to expedite patient access, the Company anticipates adding up to five additional dispensaries in the eastern, coastal Hampton Bays/Norfolk greater metro area in 2020 (subject to final approval by Governor Northam of the unanimously passed Senate Bill (SB976) authorizing the expansion).

“We are proud and grateful to be one of the first cannabis operators approved to go to market in Virginia and serve one of the most populous regions in the Commonwealth,” said Columbia Care CEO Nicholas Vita. “Located in the heart of the Tidewater Region, we are excited to contribute to Virginia’s economic success as we emerge from the uncertainty caused by COVID-19. In addition to our full line of pharmaceutical products, patient access will be enhanced by CC@Home, our proprietary home delivery service, as well as the CNC Card, the nation’s first credit card for purchasing cannabis. This is great news for Virginia, Columbia Care and most of all, the patients who have been looking forward to a safe and regulated marketplace to access their medicine.”

About Columbia Care Inc.

Columbia Care is one of the largest and most experienced cultivators, manufacturers and providers of medical and adult use cannabis products and related services with licenses in 19 jurisdictions (1,2,3) in the US and the EU. Columbia Care has completed more than 1.6 million sales transactions since inception and working in collaboration with renowned and innovative teaching hospitals and medical centers globally, continues to be a patient-centered health and wellness company setting the standard for compassion, professionalism, quality, care and innovation in the rapidly expanding cannabis industry. For more information on Columbia Care, please visit www.col-care.com.