On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

NetworkNewsBreaks – Jushi Holdings Inc. (NEO: JUSH.B) (OTCQX: JUSHF) Chairman and CEO Purchases 300,000 Subordinate Voting Shares

Company: Jushi Holdings Inc. (JUSHF)
Category: News

Jushi Holdings (NEO: JUSH.B) (OTCQX: JUSHF), a globally focused, multi-state cannabis and hemp operator, recently announced that One East Partners, LP acquired 300,000 Class B subordinate voting shares of the company at price of C$2.20 each for a total purchase price of C$660,000 pursuant to a private agreement exemption. One East purchased the shares from two sellers at less than 115% of the market price, in accordance with National Instrument 62-104 – Take-Over Bids and Issuer Bids. Jim Cacioppo serves as Managing Director and sole partner of One East in addition to his role as Jushi Holdings’ chairman and CEO. As a result of this transaction, Cacioppo, together with his joint actors, owns 114,000 Class A super voting shares of the company and 1,656,092 subordinate voting shares, equaling an estimated 41.62% voting interest in the company. “This off-market purchase of Jushi shares via One East is reflective of my confidence in the company’s expansive vision of creating an integrated global cannabis and hemp operator. The company’s strong performance and strategic investments in limited license markets place us on the path of building long-term shareholder value. The company’s success is marked by investing in the future growth that we expect to achieve in the cannabis and hemp industry, underpinning our mission of returning excess capital to shareholders,” Jim Cacioppo stated in the news release.

To view the full press release, visit http://nnw.fm/fC3Hw

About Jushi Holdings Inc.

Jushi Holdings is a globally-focused cannabis and hemp company led by an industry leading management team. In the United States, Jushi is focused on building a multi-state portfolio of branded cannabis and hemp-derived assets through opportunistic acquisitions, distressed work-outs and competitive applications. Jushi strives to maximize shareholder value while delivering high quality products across all levels of the cannabis and hemp ecosystem. For more information, visit the company’s website at www.JushiCo.com.

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)

For more information please visit https://www.networknewswire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

NetworkNewsWire Currently Accepts

Bitcoin

Bitcoin

Bitcoin Cash

Bitcoin Cash

Doge Coin

Dogecoin

Ethereum

Ethereum

Litecoin

Litecoin

USD Coin

USD Coin

Contact us: 212.418.1217