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Should Columbia Care Shareholders Vote for Cresco Transaction?

Columbia Care (OTCQX: CCHWF), one of the largest and most experienced cultivators, manufacturers and providers of cannabis products in the U.S., today announced that a second leading independent firm, Glass Lewis, has recommended that shareholders vote “FOR” the previously announced transaction with Cresco Labs (OTCQX:CRLBF) at the Company’s upcoming Special Meeting of Shareholders scheduled for July 8, 2022. Institutional Shareholder Services (“ISS”) has also recommended that shareholders vote in support of the transaction.

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“We are pleased that Glass Lewis also supports our Board’s unanimous recommendation that shareholders vote ‘FOR’ the transaction with Cresco,” said Nicholas Vita, Co-Founder, CEO of Columbia Care. “We continue to look forward to our shareholder vote and delivering on the value of this combination for all stakeholders. We’re grateful to our employees and team members who have remained focused on serving our patients and customers, working diligently to execute on our strategic priorities.”

Columbia Care Special Meeting of Shareholders

The Special Meeting is scheduled for July 8, 2022 at 10:00 AM EST. All shareholders as of record date May 10, 2022 are entitled to vote at the Special Meeting.

The proposed Arrangement Agreement has been unanimously approved by Columbia Care’s Board of Directors and by a special committee of independent directors of Columbia Care, which was appointed by the Columbia Care Board of Directors. The Columbia Care Board of Directors unanimously recommends that shareholders vote FOR the Arrangement.

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Columbia Care shareholders that have any questions or need assistance in voting their shares should contact the Company’s proxy solicitation agent, Morrow Sodali, at 1-888-999-2785 toll free in North America, or call collect outside North America at 1-289-695-3075 or by email at [email protected]

Investors are strongly encouraged to read the proxy materials that were filed with the United States Securities and Exchange Commission (the “SEC”) and on SEDAR before authorizing a proxy to vote, including the section in the Management Information Circular dated June 6, 2022 (the “Circular”) entitled “Risk Factors”.

Should Columbia Care Shareholders Vote for Cresco Transaction?


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