Jushi Holdings Inc. Expands and Strengthens its Presence in Nevada Signs Definitive Agreement to Acquire an Operating Dispensary in Las Vegas, Nevada Jushi to Expand Permitted Licensed Retail Footprint to 36 Locations Nationwide1; Establishes a Fourth Vertically Integrated State-Level Operation
BOCA RATON, Fla., Sept. 29, 2021 (GLOBE NEWSWIRE) — Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCQX: JUSHF), a vertically integrated, multi-state cannabis operator, announced that it has entered into a definitive agreement (the “Agreement”) to acquire 100% of the equity interest of an entity operating an adult-use and medical retail dispensary under the name The Apothecarium2 in Las Vegas, Nevada (“Apothecarium Nevada”). The Apothecarium Nevada acquisition, together with the April 2021 purchase of Franklin Bioscience NV, LLC, a holder of medical and adult-use cannabis cultivation, processing, and distribution licenses, will enable Jushi to become vertically integrated in Nevada, as well as provide significant branding exposure for Jushi’s high-quality product lines, including The Bank, The Lab, Tasteology and Seche. This will be the Company’s fourth vertically integrated state, accompanying Pennsylvania (by way of its affiliated subsidiaries), Virginia, and Massachusetts.
The acquisition of Apothecarium Nevada represents an attractive opportunity for Jushi to establish its first retail store in this large, strategic Western market. Apothecarium Nevada is well aligned with our best-in-class retail approach and will continue to provide patients and consumers with the same elevated in-store experience they have come to expect from our other BEYOND / HELLOTM retail locations.
Jushi’s Chief Executive Officer, Chairman, and Founder Jim Cacioppo
Together with the expansion of our cultivation, processing and distribution facility that is currently underway, the acquisition of Apothecarium Nevada will extend our reach with a convenient location off the strip in downtown Las Vegas. We look forward