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Columbia Care Inc. Investigation

We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Columbia Care Inc. (“Columbia Care” or the “Company”) (OTCQX:CCHWF) in connection with its proposed merger with Cresco Labs (“Cresco”)(OTCQX: CRLBF).  Under the terms of the merger agreement, the Company’s shareholders will receive 0.5579 shares of Cresco for each share of Columbia Care common stock owned, representing an implied per-share merger consideration of approximately $3.25 based upon Cresco’s March 24, 2022 closing price of $5.82.  Upon completion of the transaction, Cresco shareholders will own approximately 65% and Columbia Care shareholders will own only 35% of the combined company.

Weiss Law is investigating whether: (i) Columbia Care’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the per-share merger consideration adequately compensates Columbia Care’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.

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