CBSTF · As filed with the SEC

Cannabist Co Holdings cash flow statement, by quarter

The statement as Cannabist Co Holdings presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS · USD thousands

USD thousands	Q3 2025^† 3 months ended Sep 30, 2025	Q2 2025^† 3 months ended Jun 30, 2025	Q1 2025 3 months ended Mar 31, 2025	Q4 2024^† 3 months ended Dec 31, 2024	Q3 2024^† 3 months ended Sep 30, 2024	Q2 2024^† 3 months ended Jun 30, 2024	Q1 2024 3 months ended Mar 31, 2024	Q4 2023^† 3 months ended Dec 31, 2023
Cash flows from operating activities:
Net loss	(14,655)^†	(77,386)^†	(32,206)	(55,152)^†	(1,763)^†	(13,643)^†	(34,568)	(72,498)^†
Adjustments to reconcile net loss to net cash (used in) operating activities:
Depreciation and amortization	8,055^†	8,205^†	8,646	9,664^†	11,767^†	13,583^†	13,964	15,122^†
Equity-based compensation	552^†	643^†	292	1,579^†	2,374^†	(8,144)^†	3,182	(12,839)^†
Debt amortization expense	967^†	8,082^†	2,596	2,603^†	2,487^†	2,450^†	1,857	1,986^†
Provision for credit losses	797^†	—	—	—	725^†	—	—	—
Loss / (gain) on deconsolidation of subsidiaries	(7,139)^†	3,737^†	6,757	—	(40,445)^†	413^†	211	—
Loss on early extinguishment of note	0^†	—	—	—	0^†	—	—	—
Provision for obsolete inventory and other assets	1,768^†	9,320^†	1,252	11^†	29^†	212^†	5,430	17^†
Change in fair value of derivative liabilities	0^†	359^†	0	(1,827)^†	0^†	(18)^†	2,347	(171)^†
Change in investment fair value	(6,716)^†	713^†	5,807	21,211^†	4,195^†	0^†	—	0^†
Deferred income taxes	470^†	33,330^†	(1,636)	(6,382)^†	(1,643)^†	(246)^†	(834)	(19,503)^†
Legal settlement	0^†	—	—	—	0^†	—	—	—
Impairment on fixed assets	0^†	0^†	193	0^†	121^†	0^†	—	—
(Gain) loss on disposal group	—	—	—	(30,164)^†	0^†	—	—	(4,628)^†
Earnout adjustment	—	—	—	—	—	—	—	0^†
Other	(106)^†	397^†	(291)	(1,795)^†	1,300^†	(251)^†	(92)	4,787^†
Changes in operating assets and liabilities
Accounts receivable	3,220^†	(1,962)^†	1,122	(8,349)^†	1,462^†	(4,916)^†	1,012	12,949^†
Inventory	2,144^†	6,028^†	(1,372)	(2,842)^†	(1,426)^†	(4,843)^†	(5,297)	6,048^†
Prepaid expenses and other current assets	(1,363)^†	(2,688)^†	23	6,223^†	(1,041)^†	(2,391)^†	(823)	4,080^†
Notes receivable	—	14,653^†	4,697	8,162^†	(314)^†	0^†	—	—
Other assets	5,756^†	1,329^†	2,753	1,593^†	(2,116)^†	599^†	129	(1,680)^†
Accounts payable	(6,386)^†	1,534^†	(10,642)	13,974^†	(4,681)^†	(3,213)^†	7,351	(11,137)^†
Payroll liabilities	—	—	—	—	0^†	—	—	—
Accrued expenses and other current liabilities	7,795^†	(10,060)^†	(2,556)	(3,374)^†	(11,293)^†	7,403^†	(7,391)	5,632^†
Income taxes payable	(633)^†	(1,228)^†	1,501	1,438^†	21,216^†	8,469^†	8,898	2,618^†
Other long-term liabilities	230^†	3,633^†	(2,112)	7,490^†	2,841^†	2,196^†	(1,587)	(4,633)^†
Net cash used in operating activities	(24,594)^†	4,104^†	(15,176)	3,981^†	(18,015)^†	(3,448)^†	(6,211)	9,380^†
Cash flows from investing activities:
Purchases of property and equipment	(248)^†	(1,811)^†	(2,045)	(1,684)^†	(1,518)^†	(1,664)^†	(965)	(1,706)^†
Proceeds from sale of property, net	—	—	—	0^†	0^†	—	—	3,040^†
Proceeds from sale of license	100^†	4,000^†	0	0^†	0^†	0^†	329	0^†
Net proceeds from sale of businesses	8,270^†	1,004^†	4,683	2,484^†	31,372^†	0^†	—	0^†
MO Entity	—	—	—	—	—	—	0	—
UT Business	—	—	—	—	—	—	2,999,000	—
Cash received (paid) on deposits, net	0^†	0^†	108	(110)^†	(425)^†	117^†	40	141^†
Net cash provided by investing activities	29,520^†	3,193^†	2,746	1,004^†	29,429^†	(1,547)^†	2,403	(25,437)^†
Cash flows from financing activities:
Proceeds from issuance of debt and warrants	—	—	—	—	—	—	—	0^†
Proceeds from issuance of debt	0^†	0^†	0	0^†	0^†	0^†	15,600	0^†
Proceeds from mortgage note	—	—	—	0^†	—	—	—	0^†
Payment of debt issuance costs	0^†	(12,155)^†	0	0^†	0^†	0^†	(802)	0^†
Payment of lease liabilities	(2,448)^†	0^†	(1,466)	(1,581)^†	(1,741)^†	(1,820)^†	(1,762)	(362)^†
Exercise of warrants	—	—	—	—	—	—	—	0^†
Distributions to non-controlling interests	—	—	—	(333)^†	0^†	—	—	(529)^†
Repayment of sellers note	0^†	0^†	0	(381)^†	(369)^†	(375)^†	(375)	(375)^†
Repayment of debt	0^†	—	—	0^†	0^†	(13,228)^†	0	(25,100)^†
Repayment of mortgage notes	(173)^†	1,610^†	(1,963)	(160)^†	(139)^†	(135)^†	(144)	(580)^†
Distributions	0^†	—	—	—	0^†	—	—	—
Taxes paid on equity based compensation	0^†	—	—	(3)^†	0^†	(1,255)^†	0	(14)^†
Net cash used in financing activities	(2,621)^†	(10,777)^†	(3,429)	(2,125)^†	(2,249)^†	(17,146)^†	12,517	(8,197)^†
Net decrease in cash	2,305^†	(3,480)^†	(15,859)	2,860^†	9,165^†	(22,141)^†	8,709	(24,254)^†
Cash and restricted cash at beginning of the period	18,591	22,071	37,930	35,070	25,905	48,046	39,337	63,590
Cash and restricted cash at end of period	—	18,591	22,071	37,930	35,070	25,905	—	39,337
Cash and restricted cash at beginning of the period	—	—	—	35,070	25,905	48,046	39,337	63,590
Cash and restricted cash at end of period	20,896	—	—	—	35,070	25,905	48,046	39,337
Supplemental disclosure of cash flow information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	4,626^†	4,891^†	4,964	—	6,496^†	6,789^†	6,776	—
Operating cash flows from finance leases	691^†	708^†	730	—	844^†	895^†	940	—
Financing cash flows from finance leases	1,115^†	1,333^†	1,466	—	1,741^†	1,820^†	1,762	—
Cash paid for interest on other obligations	4,328^†	11,744^†	14,360	6,222^†	14,580^†	7,161^†	13,414	(1,035)^†
Cash paid for income taxes	1,999^†	4,461^†	1,305	1,680^†	2,343^†	1,457^†	50	(4,776)^†
Lease liabilities arising from the recognition of finance right-of-use assets	0^†	—	—	—	3,339^†	3,639^†	0	—
Lease liabilities arising from the recognition of operating right-of-use assets	0^†	0^†	0	—	(7,429)^†	5,758^†	1,678	—
Supplemental disclosure of non-cash investing and financing activities:
Non-cash fixed asset additions within accounts payable and accrued expenses	0^†	(768)^†	768	—	(88)^†	(186)^†	572	(4,057)^†
Discount on issuance of convertible debt	0^†	0^†	0	—	5,150^†	0^†	—	—
Reduction in debt from debt to equity conversion	0^†	0^†	0	15,350^†	5,050^†	4,850^†	(5,150)	0^†
Increase in equity from debt to equity conversion	0^†	0^†	0	(20,500)^†	(20,400)^†	(20,200)^†	(10)	0^†
Increase in equity from debt to equity conversion	—	—	—	100^†	0^†	200^†	10,000	0^†
Equity issued for legal settlement	0^†	—	—	0^†	0^†	—	—	0^†
Assets held for sale	—	—	—	—	—	0^†	(1,652)	—
Exchange of notes and convertible notes for new notes and convertible notes	0^†	—	—	—	0^†	—	—	—
Assets held for sale	(18,755)^†	(459)^†	31,390	—	65,203^†	0^†	—	—
Liabilities held for sale	(17,936)^†	13,600^†	16,230	(46,248)^†	(48,903)^†	0^†	1,274	18,904^†

† Derived: worked out from the filings, not stated in them. A fourth quarter is the 10-K year less the nine months in the third-quarter 10-Q; a quarter of cash flows is year to date less the prior year to date.

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.