Columbia Care Inc. announced the resignation of Philip Goldberg as director of the Company, which was effective June 12, 2023.
Mr. Goldberg was appointed to the board of directors of the Company pursuant to a Nominating Rights and Voting Agreement dated June 11, 2021 (the “Voting Agreement”) entered into in connection with Columbia Care’s acquisition of Green Leaf Medical, LLC (“Green Leaf”) pursuant to the Agreement and Plan of Merger dated December 21, 2020 among Columbia Care, Green Leaf and certain other parties thereto (the “Green Leaf Transaction”). Subject to any obligations it may have under the Voting Agreement, the Company does not intend to appoint a new director to replace Mr. Goldberg.
As previously reported, the Green Leaf Transaction is subject to certain potential milestone payments. The time period relevant to the last potential milestone payment concludes on June 30, 2023, at which point Green Leaf will be fully integrated into Columbia Care.
For more information:
Columbia Care
www.columbia.care