Pot Co. Jushi Slashes Price For Mass. Operator By $9M – Law360

By McCord Pagan (September 13, 2021, 5:40 PM EDT) — Multistate cannabis operator Jushi Holdings Inc. said Monday it’s closed on a deal for a Massachusetts marijuana dispensing company after renegotiating a nearly $9 million discount from the original $110 million maximum deal price.

Jushi said in a statement it’s now paying $91.2 million for Nature’s Remedy of Massachusetts Inc. — excluding a potential $10 million in additional payments if certain benchmarks are met — in a largely cash-and-stock deal that sees the company enter the Massachusetts market through a pair of dispensaries and a manufacturing facility. Jushi said it now has 24 dispensaries nationwide.

“We are excited to officially enter…

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