Jushi Holdings Inc. Announces Filing of Canadian Preliminary Prospectus

NOT FOR DISTRIBUTION TO UNITED STATES INFORMATION SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

BOCA RATON, Fla., Aug. 30, 2024 (GLOBE NEWSWIRE) — Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: DAY) (OTCQX: JUSHF)vertically integrated, multi-state cannabis operator, announced that it has filed a preliminary short form prospectus with the securities commissions of each of the provinces and territories of Canada (the “Shelf brochure“). The prospectus, after its final and effective introduction (hereinafter referred to as the “Final prospectus”), will enable the Company to offer up to C$350 million in aggregate value of voting preferred shares, preferred shares, subscription receipts, debt securities, convertible securities, warrants and units (collectively, the “Securities”) or any combination thereof, in Canada at any time during the 25-month period of the Shelf Prospectus.

The Company believes that the Final Shelf Prospectus will allow it to maintain financial flexibility, including to respond to significant regulatory improvements and to pursue opportunistic acquisitions. The specific terms of any future offering of securities in Canada under the Final Shelf Prospectus, including the use of proceeds from such offering, will be set forth in a prospectus supplement to the Final Shelf Prospectus to be filed with the applicable Canadian securities regulatory authorities.

The shelf prospectus has been filed and the final shelf prospectus will be filed on the Company’s profile on SEDAR+ at www.sedarplus.ca.

No securities regulatory authority has approved or disapproved the contents of this press release. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

This press release does not constitute an offer to sell or the solicitation of an offer to sell any Securities to persons in the United States or “United States persons” as that term is defined in Regulation S under the United States Securities Act of 1933, as amended (the “United States Securities Act”). Shelf Prospectus has not registered the Securities under the United States Securities Act or any United States state securities laws, and such Securities may not be offered or sold in the United States or to United States persons unless registered under the United States Securities Act and applicable state securities laws or an exemption from such registration is available.

About Jushi Holdings Inc.

We are a vertically integrated cannabis company led by an industry-leading management team. Jushi is focused on building a multi-state portfolio of branded cannabis assets through opportunistic acquisitions, difficult trades, and competitive applications. Jushi is committed to maximizing shareholder value while delivering high-quality products at all levels of the cannabis ecosystem. For more information, visit jushico.com or our social media channels, Instagram, Facebook,XAND LinkedIn.

Forward-looking information and statements

This press release may contain “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws, including Canadian securities legislation and United States (“U.S.”) securities legislation (collectively, “forward-looking information”), which are based on the Company’s current internal expectations, estimates, projections, assumptions and beliefs. All information, other than statements of historical fact, contained in this report that addresses actions, events or developments that Jushi expects or anticipates will or may occur in the future constitutes forward-looking information. Forward-looking information is often identified by the words “may,” “would,” “could,” “should,” “will,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “expects” or similar expressions and includes, among other things, information regarding: Jushi’s future business strategy, competitive strengths, objectives, expansion and growth of its business, operations and plans, including new revenue streams, integration and benefits of recently acquired businesses or assets, implementation of new operations, Jushi’s implementation of certain product lines, implementation of certain research and development, the filing and granting of applications for and the granting of additional licenses that will or have been applied for, the expansion or construction of certain facilities, reductions in our workforce, expansion into additional U.S. and international markets, any potential future legalization of adult-use and/or medical marijuana under U.S. federal law; expectations regarding the size and growth of the market in the U.S. and the states in which Jushi operates; expectations regarding other economic, business, regulatory and/or competitive factors relating to Jushi or the cannabis industry generally; and other events or circumstances that may occur in the future.

There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release or any other forward-looking statements made by Jushi. The forward-looking information is provided and made as of the date of this press release, and Jushi does not undertake any obligation to revise or update any forward-looking information or statements, except as required by applicable law.

Unless the context otherwise requires, references in this press release to “Jushi”, the “Company”, “we”, “us” and “our” refer to Jushi Holdings Inc. and our subsidiaries.

For more information please contact:

Investor Relations
561-617-9100
[email protected]