Columbia Care Makes Public Market Debut on NEO

First billion-dollar company to list on the NEO Exchange

TORONTO–(BUSINESS WIRE)–NEO
is very pleased to welcome Columbia Care Inc. (“Columbia Care”) as it
makes its public market debut today on the NEO Exchange, trading under
the symbol “CCHW”.
Opening its first day of trading with a market capitalization over C$2
billion, Columbia Care is the first company with an enterprise value of
over one billion dollars to list on NEO. Columbia Care is among the
largest health and wellness companies to emerge from the US cannabis
sector, setting the standard of care for medical cannabis with its
consistently-dosed, pharmaceutical-quality products.

“We are thrilled to make our public market debut today and are
looking forward to leveraging the benefits afforded to us by being
listed on the NEO Exchange as we look to accelerate the growth of our
company,” said Nicholas Vita, Vice Chairman & CEO, Columbia Care. “We
chose NEO as our listing partner because it is a senior stock exchange
that both understands the complex needs of our business and facilitates
our ability to take advantage of the unprecedented growth opportunities
within the global cannabis sector. Furthermore, the stringent listing
requirements provide institutional and retail investors with enhanced
confidence and transparency. While this is a considerable milestone for
Columbia Care, our commitment to improving people’s wellness journey has
not changed. We remain focused on our mission to solve some of the
world’s most challenging, unmet medical and health needs through the use
of our proprietary portfolio of consistently-dosed,
pharmaceutical-quality cannabis-based medicines.”

The public debut of Columbia Care is a result of a qualifying
transaction by Canaccord Genuity Growth Corp., a Special Purpose
Acquisition Company that completed its initial public offering and
commenced trading on NEO on September 20, 2018. The qualifying
transaction was approved by the NEO Exchange on April 26, 2019 and
demonstrates how these vehicles can be successful with the right company
at the right time, in the right sector and on the right exchange.

“We are very proud that Columbia Care, one of the largest and most
experienced cultivators, manufacturers and distributors of medical
cannabis products in the US, now calls NEO home,” added Jos Schmitt,
President & CEO, NEO. “Mature, billion-dollar plus companies
greatly benefit from listing on a senior stock exchange to gain wider
access to a global investor base and ensure quality liquidity for their
investors. NEO offers this and much more to Columbia Care. This
is an exciting time to be partnering with a leader in the US cannabis
sector as it moves into its next phase and looks to raise capital on the
North American public markets. Combined with the recent NEO
launches of two world first ETFs invested solely in the US cannabis
sector, the listing of Columbia Care is a testament to NEO’s commitment
to partnering with the best, next generation of leading, high growth
companies in the US and the hungry appetite from investors to
participate in this sector.”

Investors can trade shares of Columbia Care through their usual
investment channels, including discount brokerage platforms and
full-service dealers. The NEO Exchange is now home to over 70 corporate
and ETF listings, and consistently facilitates over 10 per cent of all
Canadian trading volume. Click
here for a complete view of all NEO-listed securities.

About NEO Exchange
NEO Exchange Inc. is Canada’s next
generation stock exchange, putting the needs of investors, businesses
looking to raise capital and dealers first. Fully operational since June
2015, the NEO Exchange currently offers an innovative
and investor-driven trading platform for all Canadian publicly-traded
securities. It also has a value-added listing approach for capital
raising companies and investment products, focused on liquidity,
transparency and efficiency. For more information, please visit: NEOstockexchange.com

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Contacts

Media:
Adam Bornstein
E: [email protected]
P:
905.505.2540