Columbia Care Expands Dispensary Footprint, Announcing Openings in Maryland, Delaware and Florida

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PRESS RELEASE

NEW YORK–(Company WIRE)–Columbia Care Inc. (NEO: CCHW) (OTCQX: CCHWF) (FSE: 3LP) (“Columbia Care” or the “Company”), a single of the biggest totally integrated operators in the worldwide health-related cannabis business with licenses across the US and EU, right now announced the addition of 4 new dispensaries with openings in Maryland, Delaware and Florida.

Columbia Care’s facility in Chevy Chase represents the Company’s very first dispensary in Maryland, a state with extra than 100,000 registered sufferers and a market place projected to attain sales in excess of $200 million by year finish 2019. The facility’s proximity to Washington, D.C., Delaware, Virginia and Pennsylvania, all markets exactly where Columbia Care operates, enables it to serve as a single of the cornerstones for the Company’s mid-Atlantic method.

Columbia Care also opened its second dispensary in Delaware, positioned in Wilmington. With around 9,000 sufferers anticipated to be registered in the state’s health-related plan in 2019, Delaware lawmakers are anticipated to introduce adult use legislation in 2020, which could substantially boost patient access as nicely as the size of the total addressable market place.

Ultimately, the Business has added two extra dispensaries in Florida with the opening of its Sarasota and Jacksonville facilities, bringing the total quantity of dispensaries open in the state to 3. With more than 375,000 registered sufferers, Florida remains a single of the biggest health-related cannabis markets in the planet.

“No debt and a important money position provides Columbia Care a single of the strongest balance sheets in the business with access to the development capital essential to fund our 2019 strategic program to operationalize all of our current licenses,” stated Nicholas Vita, chief executive officer of Columbia Care. “We are proud to execute on the program we previously described to our investors, and by leveraging this powerful foundation, we appear forward to reaping the rewards of getting a single of the biggest organically created national cannabis platforms in the US. Opening these 4 further dispensaries in essential markets across the nation represents important progress and points to an accelerated pace of activity as we close to the completion of this transformational year.”

The Business will supply the CNC Card, the nation’s very first legal credit card for cannabis purchases, at every single of these new places. In addition, topic to regulatory approval, the corporation also intends to supply its proprietary house delivery service, “[email protected],” which, collectively with the CNC Card, is created to supply a hassle-free and comfy guest expertise as nicely as enhanced access to higher-high quality cannabis solutions capable of addressing a variety of unmet overall health and wellness desires.

For extra info about the Chevy Chase, Sarasota, Jacksonville and Wilmington dispensaries, such as a menu of offered solutions and hours of operation, please pay a visit to https://col-care.com/all-places/.

Extra info on the CNC Card can be identified at www.columbianationalcredit.com/.

About Columbia Care Inc.

Columbia Care Inc. is a single of the biggest and most knowledgeable multi-state operators in the health-related cannabis business, with licenses in 15 jurisdictions in the US and the EU. With more than 1.two million sales transactions given that its inception, Columbia Care is a patient-centered organization setting the typical for compassion, professionalism, high quality, caring and innovation, operating in collaboration with some of the most renowned and revolutionary teaching hospitals and health-related centers in the planet. The Business is committed to giving the kind of education and transparency sufferers deserve and high quality of solution that clinicians count on. For extra info on Columbia Care, please pay a visit to www.col-care.com.

Caution Regarding Forward-Hunting Statements

This press release includes specific statements that constitute forward-hunting info inside the which means of applicable securities laws (“forward-hunting statements”). Statements regarding Columbia Care Inc.’s (“Columbia Care” or the “Company”) objectives, ambitions, techniques, priorities, intentions, plans, beliefs, expectations and estimates, and the enterprise, operations, monetary functionality and situation of Columbia Care are forward-hunting statements. The words “believe”, “expect”, “anticipate”, “estimate”, “intend”, “may”, “will”, “would”, “could”, “should”, “continue”, “plan”, “goal”, “objective”, and related expressions and the damaging of such expressions are intended to recognize forward-hunting statements, while not all forward-hunting statements include these identifying words.

Specific material aspects and assumptions have been applied in giving these forward-hunting statements. Forward-hunting info requires several assumptions such as the following distinct assumptions: the potential of Columbia Care to meet its dispensary targets such as the potential to negotiate further lease arrangements satisfactory to the corporation, receipt of essential permits and regulatory approvals, timely completion of planned building, and the potential to recognize and attract certified employees. Projections might be impacted by macroeconomic aspects, in addition to other aspects not controllable by the Business. Columbia Care has also created specific basic business assumptions in the preparation of such forward-hunting statements. Management believes that the expectations reflected in forward-hunting statements are primarily based upon affordable assumptions having said that, Management can give no assurance that actual benefits will be constant with these forward-hunting statements. Not all aspects which have an effect on the forward-hunting info are identified, and actual benefits might differ from the projected benefits in a material respect and might be above or beneath the forward-hunting info presented in a material respect.

Forward-hunting statements involve identified and unknown dangers, uncertainties and other aspects that might lead to Columbia Care’ actual benefits, functionality or achievements, or developments in its business, to differ materially from the anticipated benefits, functionality, achievements or developments expressed or implied by such forward-hunting statements. Offered these uncertainties, readers are cautioned not to spot undue reliance on such forward-hunting statements. When taking into consideration these forward-hunting statements, readers should really preserve in thoughts the danger aspects and other cautionary statements in Columbia Care’s final prospectus dated March 21, 2019 (the “Prospectus”) and filed with the applicable Canadian securities regulatory authorities on SEDAR at www.sedar.com. The danger aspects and other aspects noted in the Prospectus could lead to actual events or benefits to differ materially from these described in any forward-hunting info. Forward-hunting statements are primarily based on management’s existing plans, estimates, projections, beliefs and opinions, and Columbia Care does not undertake any obligation to update forward-hunting statements should really assumptions associated to these plans, estimates, projections, beliefs and opinions alter except as essential by applicable securities laws. All of the forward-hunting statements created in this press release are certified by these cautionary statements and other cautionary statements or aspects contained herein, and there can be no assurance that the actual benefits or developments will be realized or, even if substantially realized, that they will have the anticipated consequences to, or effects on, Columbia Care.

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