US: Cannabist adds two new independent directors

The Cannabist Company has appointed independent directors, Tom Lynch and Peter Lee, to its Board of Directors effective June 5.

Mr. Lynch is the President and Partner at SierraConstellation Partners LLC, bringing over 30 years of capital markets experience with a deep focus on restructuring, workouts, recapitalizations, M&A, secondary market transactions, and strategic planning and execution. Known for his hands-on leadership and ability to navigate complex financial challenges, Mr. Lynch has built a reputation as a trusted advisor to companies undergoing significant transformation.

Mr. Lee has served as President and Chief Operating Officer of Leafly Holdings, Inc. since May 2024 and has served as a member of its Board of Directors since February 2022. With over 25 years of experience in public markets and private equity, Mr. Lee has held senior leadership roles at Merida Merger Corporation, Sentinel Rock Capital, LLC, and Spring Point Capital LLC. His career reflects a consistent focus on driving financial performance and leading organizations through complex investment environments.

"We are pleased to have completed the previously announced plan of arrangement, extending the maturities of our senior debt until December 2028, with the option to extend through 2029. We welcome Tom and Peter to the Board and look forward to the valuable perspective they will provide thanks to their extensive experience," said David Hart, CEO of The Cannabist Company.