NEW YORK — (Cboe CA: CBST) (OTCQX: CBSTF) (FSE: 3LP) (“The Cannabist Company” or the “Company”), one of the most experienced cultivators, manufacturers and retailers of cannabis products in the U.S., announced today it is launching the brand dreamt, in Maryland, with additional markets and products to follow in 2025. Earlier this year, the Company acquired the brand through its . The dreamt brand stands out from other cannabis products because of its unique formulations, which include a precise ratio of THC to CBD, in addition to a variety of supplements including GABA, and valerian root. “dreamt is a transformative product, and we couldn’t be more excited to bring these highly sought after products to our shelves. Everyone deserves a good night’s sleep to feel refreshed and be at their best,” said Jesse Channon, President, The Cannabist Company. “dreamt products will utilize our high-quality cannabis to make a positive impact in people’s daily lives, as we strive to bring innovation and excellence to our markets.” “dreamt is the result of extensive formulation development. Our goal was to produce these products at our state-of-the-art facilities across multiple markets and provide our patients and customers with a consistent and reliable experience,” said Blake Brower, VP, National Operations, The Cannabist Company. “We’re proud of our ability to maximize our facility’s capabilities and supply these high-quality products in the most demanded product category.” dreamt is now available as a 5mg THC, 2mg CBD, 1mg CBN gummy sold in a 20 pack, at Columbia Care Chevy Chase and gLeaf dispensaries in Maryland and across the Company’s wholesale channels. The brand will debut in additional markets and expand its product offering in 2025. For more information, visit or . The Cannabist Company, formerly known as Columbia Care, is one of the most experienced cultivators, manufacturers and providers of cannabis products and related services, with licenses in 14 U.S. jurisdictions. The Company operates 91 facilities including 71 dispensaries and 20 cultivation and manufacturing facilities, including those under development and assuming the closure of announced divesture transactions. Columbia Care, now The Cannabist Company, is one of the original multi-state providers of cannabis in the U.S. and now delivers industry-leading products and services to both the medical and adult-use markets. In 2021, the Company launched Cannabist, its retail brand, creating a national dispensary network that leverages proprietary technology platforms. The company offers products spanning flower, edibles, oils and tablets, and manufactures popular brands including Dreamt, Seed & Strain, Triple Seven, Hedy, gLeaf, Classix, Press, and Amber. For more information, please visit . This press release contains certain statements that constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws and reflect the Company’s current expectations regarding future events. Forward-looking statements or information contained in this release include, but are not limited to, statements or information with respect to the Company’s ability to execute on retail, wholesale, brand and product initiatives. These forward-looking statements or information, which although considered reasonable by the Company, may prove to be incorrect and are subject to known and unknown risks and uncertainties that may cause actual results, performance or achievements of the Company to be materially different from those expressed or implied by any forward-looking information. In addition, security holders should review the risk factors discussed under “Risk Factors” in Columbia Care’s Form 10-K for the year ended December 31, 2023, as filed with Canadian and U.S. securities regulatory authorities and described from time to time in subsequent documents filed with applicable securities regulatory authorities. Investors Lee Ann Evans SVP, Capital Markets Media Mike Moses Communications ManagerSorenson will transition into the role of executive vice president, managing director and CEO, Associated Trust Company on February 1, 2025 GREEN BAY, Wisc . , Dec. 11, 2024 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB ) ("Associated") announced today the appointment of Heath Sorenson , MBA, CFP®, CFIRSTM, CTOP, to executive vice president, managing director, Associated Trust Company. Effective February 1, 2025 , Sorenson will become executive vice president, managing director and chief executive officer, Associated Trust Company and John Thayer , current chief executive officer and executive vice president of Associated Trust Company, will transition into the role of executive vice president and senior leadership advisor, Associated Trust Company. Sorenson joined Associated Private Wealth on December 9 , reporting to Jayne Hladio , executive vice president, and Associated Private Wealth president. He will assume responsibility for leading and managing the Associated Trust Company's delivery of comprehensive wealth management solutions. This includes strategy, revenue growth, technology, risk, operations, and compliance of Associated Trust Company. Sorenson will lead Personal, Corporate and Institutional Trust Services, Investment Management, Retirement Plan Solutions, and Trust Administration/Operations. "Heath's deep wealth management experience and talents strengthen our ability to grow through enhanced client experience, sales, operational efficiency, and high-performance teambuilding," said Hladio. "His fiduciary and suitability knowledge of trust and investment advisory boards, committees, governance, and regulatory agencies complements our people-first, 'One Associated' approach to advocating for our clients and communities." Sorenson possesses broad and deep wealth management knowledge with more than 25 years of experience, most recently with Midland States Bank as chief operating officer of Midland Wealth Management, Midland Wealth Advisors, LLC, and president of Midland Trust Company. He has led acquisition efforts in expansion markets and wealth verticals. Prior experience includes senior vice president of Investments and Capital Market Operations at AMCORE/BMO, registered principal/branch manager at Raymond James, and vice president/manager of Loan Servicing. "I am excited to join Associated Bank Private Wealth and Associated Trust Company to build on the incredible growth momentum Jayne Hladio and the team have underway," said Sorenson. "My wife, Tiggi, and I look forward to meeting clients and engaging with the community given our familiarity with the Midwest as life-long residents." Thayer joined Associated Bank in 2000, as chief investment officer, and became head of Private Wealth in 2021. In his nearly 25-year tenure with the bank, Thayer unified previously separate businesses into one wealth management entity. Leading a team of more than 300 professionals, he crafted the business' inaugural financial, operational, and growth strategies that drove nearly $150M in revenue within three years. Thayer guided the business through multiple crises and regulatory shifts while developing and recruiting excellent talent and establishing a new leadership team. "John's exceptional leadership contributions have helped Associated Trust Company grow into a regional powerhouse by deepening relationships, elevating our offerings, and creating value for our clients," said Hladio. "We value John's leadership in building this team and creating a Private Wealth culture dedicated to delivering excellence in our fast-changing industry. His advocacy continues as we proceed. We deeply appreciate John's years of service and look forward to his future contributions." Sorenson has a bachelor's degree in accountancy from the University of Illinois Urbana-Champaign , and an MBA from Northern Illinois University . Sorenson completed Northwestern University's financial planning curriculum and earned the Certified Financial PlannerTM (CFP®) practitioner designation. In addition, Sorenson is a Certified Fiduciary & Investment Risk SpecialistTM (CFIRSTM) and a Certified Trust Operations Professional (CTOP). Sorenson's primary offices will be in Wisconsin and Illinois . ABOUT ASSOCIATED BANC-CORP Associated Banc-Corp (NYSE: ASB ) has total assets of $42 billion and is the largest bank holding company based in Wisconsin . Headquartered in Green Bay, Wisconsin , Associated is a leading Midwest banking franchise, offering a full range of financial products and services from nearly 200 banking locations serving more than 100 communities throughout Wisconsin , Illinois and Minnesota . The company also operates loan production offices in Indiana , Michigan , Missouri , New York , Ohio and Texas . Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender and Member FDIC. More information about Associated Banc-Corp is available at www.associatedbank.com . Media Contact: Andrea Kozek VP/Senior Manager, Public Relations 920-491-7518 SOURCE Associated Banc-Corp
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