Jushi | Jotup

Jushi Holdings Inc. Announces Option Re-Pricing Program

Retrieved on:

Thursday, November 16, 2023

Participation, Canadian Securities Exchange, CSE, Warrant, Exercise, Fair market value, BOCA, Employment, Plan, Option, Security (finance), Jushi, Share (finance)

“Stock options are a critical component of Jushi’s compensation philosophy for senior management, the focal point of which is to increase long-term stockholder value.

Key Points:

“Stock options are a critical component of Jushi’s compensation philosophy for senior management, the focal point of which is to increase long-term stockholder value.
A total of 3,224,000 Subject Options (or 11% of the options authorized under the Option Plan) are part of the Program (including 1,465,000 Subject Options held by two officers of the Company).
James Cacioppo, the CEO of the Company, is not eligible to participate in the Program.
Eligible Participants that participate in the Program will have all of their Subject Options cancelled on November 17, 2023, and then will have the same number of options re-issued under the Option Plan (the “Replacement Options”) on the Option Re-Issuance Date at the Re-Issuance Exercise Price.

Jushi Holdings Inc. Reports Third Quarter 2023 Financial Results

Retrieved on:

Tuesday, November 14, 2023

CSE, Net income, Stock, Collection, Marketing, Adjustment, Aquaculture, Bookkeeping, Video game, Clothing, Loss, Jushi

Net Loss of $20.6 Million, an Improvement of 62.3% YoY

Key Points:

Net Loss of $20.6 Million, an Improvement of 62.3% YoY
Adjusted EBITDA of $9.7 million, Representing Growth of $9.1 Million YoY, Adjusted EBITDA Margin of 14.9% in Q3 2023
BOCA RATON, Fla., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH ) ( OTCQX: JUSHF ), a vertically integrated, multi-state cannabis operator, is pleased to announce its financial results for the third quarter ended September 30, 2023 (“Q3 2023”).
All financial information is unaudited and provided in U.S. dollars unless otherwise indicated and is prepared under U.S. Generally Accepted Accounting Principles (“GAAP”).
We expanded our Jushi-branded product sales, which accounted for over half of our retail revenue across our vertical footprint.
Overall, new products accounted for approximately 5% of total Jushi packaged sales in the third quarter of 2023, and we expect this number to increase as we amplify our marketing and distribution efforts for these new offerings.”
Financial Results for the Third Quarter Ended September 30, 2023

Cannabis Industry Leaders Launch ‘Cannabis OneClick’ to Connect Cannabis and Hemp Operators with Top-Rated Service Providers

Retrieved on:

Tuesday, September 26, 2023

Insurance, Partnership, Georg Comploi, Sound, IMA, Sale, Cannabis, Community Bank, Jushi, BSA/AML, Drug

The services available on the Cannabis OneClick platform include banking, insurance, legal, compliance, payroll, delivery, cash logistics, point-of-sale, software development, and search engine optimization.

Key Points:

The services available on the Cannabis OneClick platform include banking, insurance, legal, compliance, payroll, delivery, cash logistics, point-of-sale, software development, and search engine optimization.
All service providers listed in the marketplace have been brought on via invitation or through a highly vetted application process.
This guarantees a trusted network for operators, and peace of mind knowing they are sourcing the most proven and reputable vendors.
Not only does this help service providers connect with strong clients, it highlights their commitment to quality.

Jushi Holdings Inc. Opens Sixth Beyond Hello™ Dispensary in Woodbridge, Virginia

Retrieved on:

Tuesday, August 22, 2023

CSE, Lab, Virginia Railway Express, Registered, Potomac River, Capsule, Patient, Bank, The Lab, Interstate 95, Commonwealth, Transport, Jushi, Interstate Highway System, Medicinals, Hospital

BOCA RATON, Fla., Aug. 22, 2023 (GLOBE NEWSWIRE) -- Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCQX: JUSHF), a vertically integrated, multi-state cannabis operator, announced the opening of its sixth medical cannabis dispensary in Virginia. Beyond Hello™ Woodbridge will begin serving Virginia medical cannabis patients and registered agents on Wednesday, August 23rd at 10:00 a.m. Beyond Hello™ Woodbridge is located in Prince William Square Shopping Center at 14400 Smoketown Road. The dispensary will be open daily Monday through Saturday from 10:00 a.m. to 8:00 p.m., and on Sundays from 10:00 a.m. to 6:00 p.m.

Key Points:

ET
BOCA RATON, Fla., Aug. 22, 2023 (GLOBE NEWSWIRE) -- Jushi Holdings Inc. (“Jushi” or the “Company”) ( CSE: JUSH ) ( OTCQX: JUSHF ), a vertically integrated, multi-state cannabis operator, announced the opening of its sixth medical cannabis dispensary in Virginia.
Beyond Hello™ Woodbridge will begin serving Virginia medical cannabis patients and registered agents on Wednesday, August 23rd at 10:00 a.m.
Along with offering convenient transaction processing through the Company’s industry-leading online reservation platform, beyond-hello.com , Jushi designed Beyond Hello™ Woodbridge to serve Virginia’s growing patient population.
Additionally, this new location will offer dry leaf, concentrates, cartridges, tinctures, topicals, edibles, capsules, pills, and various ancillary products such as approved batteries and devices.

Jushi Holdings Inc. Reports Second Quarter 2023 Financial Results

Retrieved on:

Friday, August 11, 2023

CSE, Genetics, Comparable transactions, Net income, Growth, Adjustment, Beauty salon, Bookkeeping, Pharmaceutical industry, Retail, Jushi

All financial information is unaudited and provided in U.S. dollars unless otherwise indicated and is prepared under U.S. Generally Accepted Accounting Principles (“GAAP”).

Key Points:

All financial information is unaudited and provided in U.S. dollars unless otherwise indicated and is prepared under U.S. Generally Accepted Accounting Principles (“GAAP”).
Jushi-branded product sell-through has remained steady across our vertical markets, representing nearly half of total retail sales.
Our results for the quarter reflect the strides we have made toward long-term, reliable profitability as we work to deliver sustained improvements in our fundamentals.
With rigorous cost controls and robust operational discipline, we believe we are positioned to achieve our goal of generating positive operating cash flow within the next few quarters.”
Financial Results for the Second Quarter Ended June 30, 2023

Jushi Announces Support and Appreciation for Virginia’s Passage of Medical Cannabis and Cannabinoid Product-Related Bills

Retrieved on:

Tuesday, April 18, 2023

BOCA RATON, Fla., April 18, 2023 (GLOBE NEWSWIRE) -- Jushi Holdings Inc. (“Jushi” or the “Company”) ( CSE: JUSH ) ( OTCQX: JUSHF ), a vertically integrated, multi-state cannabis operator, announced support and appreciation for the Virginia General Assembly’s passage of medical cannabis and cannabinoid product-related bills amended by Governor Glenn Youngkin.

Key Points:

BOCA RATON, Fla., April 18, 2023 (GLOBE NEWSWIRE) -- Jushi Holdings Inc. (“Jushi” or the “Company”) ( CSE: JUSH ) ( OTCQX: JUSHF ), a vertically integrated, multi-state cannabis operator, announced support and appreciation for the Virginia General Assembly’s passage of medical cannabis and cannabinoid product-related bills amended by Governor Glenn Youngkin.
We believe these measures illustrate the continued importance of the medical cannabis program in the Commonwealth and Jushi appreciates the General Assembly’s work on behalf of patients in need.
These products are easily accessible in every community across the Commonwealth and commonly used as a substitute for adult-use cannabis.
The November elections will mark a generational shift among legislators that will create a more favorable environment for comprehensive legislation next Session.”

Jushi Holdings Inc. Announces Closing of $20 Million Non-Dilutive Debt Financing

Retrieved on:

Thursday, April 6, 2023

BOCA, CSE, Loan, Environment, Bank, Jushi

BOCA RATON, Fla., April 06, 2023 (GLOBE NEWSWIRE) -- Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCQX: JUSHF), a vertically integrated, multi-state cannabis operator, today announced the closing of a secured commercial loan (“the Loan”) with FVCbank (“Bank” and “Lender”), for gross proceeds of $20 million. The proceeds of the Loan will be used for working capital and other corporate purposes. “This non-dilutive financing, which we are proud to have closed in this capital constrained environment, will significantly strengthen our financial position as we execute on our goals in 2023,” said Jim Cacioppo, Chief Executive Officer, Chairman and Founder of Jushi. The Loan has a five (5) year term and is principally secured by the Company’s cultivation and manufacturing facility located in Manassas, Virginia. The Loan will bear interest based on the 30-day average secured overnight financing rate plus 3.55%, with a floor interest rate of not less than 8.25%.

Key Points:

BOCA RATON, Fla., April 06, 2023 (GLOBE NEWSWIRE) -- Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH ) ( OTCQX: JUSHF ), a vertically integrated, multi-state cannabis operator, today announced the closing of a secured commercial loan (“the Loan”) with FVCbank (“Bank” and “Lender”), for gross proceeds of $20 million.
The proceeds of the Loan will be used for working capital and other corporate purposes.
The Loan has a five (5) year term and is principally secured by the Company’s cultivation and manufacturing facility located in Manassas, Virginia.
The Loan will bear interest based on the 30-day average secured overnight financing rate plus 3.55%, with a floor interest rate of not less than 8.25%.

Jushi Holdings Inc. Reports Unaudited, Preliminary Fourth Quarter and Full Year 2022 Financial Results

Retrieved on:

Friday, March 31, 2023

CSE, Lab, Beyond, BOCA, Audit committee, EBITDA, Patient, Corporation, Jushi, Adjustment, Biomass, Total, Video game, Management

BOCA RATON, Fla., March 31, 2023 (GLOBE NEWSWIRE) -- Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCQX: JUSHF), a vertically integrated, multi-state cannabis operator, is pleased to announce its unaudited preliminary financial results for the fourth quarter (“Q4 2022”) and full year ended December 31, 2022 (“FY 2022”). All financial information is provided in U.S. dollars unless otherwise indicated and is prepared under U.S. Generally Accepted Accounting Principles (“GAAP”).

Key Points:

BOCA RATON, Fla., March 31, 2023 (GLOBE NEWSWIRE) -- Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH ) ( OTCQX: JUSHF ), a vertically integrated, multi-state cannabis operator, is pleased to announce its unaudited preliminary financial results for the fourth quarter (“Q4 2022”) and full year ended December 31, 2022 (“FY 2022”).
All financial information is provided in U.S. dollars unless otherwise indicated and is prepared under U.S. Generally Accepted Accounting Principles (“GAAP”).
Made significant progress on the Company’s expansion projects in Virginia and Pennsylvania, expanding total overall canopy to 69,310 sq.
We expect to move to a new labor model resulting in a total estimated 50% labor hour savings since April of 2022.

VSE Corporation Announces Michael Perlman as New Vice President of Investor Relations and Communications

Retrieved on:

Wednesday, March 29, 2023

Defense, Other Defense, Public Relations, Investor Relations, Engineering, Communications, Logistics, Supply Chain Management, Transport, Manufacturing, Maintenance, Communication, VSE Corporation, VSE, Growth, VSEC, MRO, Management, Jushi

VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and maintenance, repair and overhaul (MRO) services for land, sea and air transportation assets supporting commercial and government markets, today announced the appointment of Michael Perlman as its new Vice President of Investor Relations and Communications.

Key Points:

VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and maintenance, repair and overhaul (MRO) services for land, sea and air transportation assets supporting commercial and government markets, today announced the appointment of Michael Perlman as its new Vice President of Investor Relations and Communications.
In this role, Mr. Perlman will be responsible for leading the Company's investor relations strategy and enhancing its communication with the investment community.
Mr. Perlman brings over 20 years of experience in investor relations, corporate communications, and financial analysis to VSE, including establishing investor relations functions at two public company spin-offs and one new public offering.
"Michael's extensive experience in investor relations and financial analysis makes him a valuable addition to our executive team," said John Cuomo, President and CEO of VSE Corporation.

Jushi Holdings Inc. Opens 37th Retail Location Nationwide and Fifth Beyond Hello™ Dispensary in Arlington, Virginia

Retrieved on:

Tuesday, January 17, 2023

Registered, Jushi, CSE, Capsule, The, Commonwealth, Patient, Lab, I-66, New Year, Sale, Metro, Bank, Hospital

BOCA RATON, Fla., Jan. 17, 2023 (GLOBE NEWSWIRE) -- Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCQX: JUSHF), a vertically integrated, multi-state cannabis operator, announced the opening of its fifth medical cannabis dispensary in Virginia and 37th retail location nationwide. Beyond Hello™ Arlington will begin serving Virginia medical cannabis patients and registered agents on January 18th at 10:00 a.m. Beyond Hello™ Arlington is located just minutes from I-66 at 2701 Wilson Blvd. and is adjacent to a Whole Foods. The dispensary is open daily Monday through Saturday from 10:00 a.m. to 8:00 p.m. and on Sundays from 10:00 a.m. to 6:00 p.m.

Key Points:

Beyond Hello™ Arlington Broadens Patient Access by Serving Medical Cannabis Patients and Registered Agents Starting on January 18that 10:00 a.m.
ET
BOCA RATON, Fla., Jan. 17, 2023 (GLOBE NEWSWIRE) -- Jushi Holdings Inc. (“Jushi” or the “Company”) ( CSE: JUSH ) ( OTCQX: JUSHF ), a vertically integrated, multi-state cannabis operator, announced the opening of its fifth medical cannabis dispensary in Virginia and 37th retail location nationwide.
Beyond Hello™ Arlington will begin serving Virginia medical cannabis patients and registered agents on January 18th at 10:00 a.m.
This new retail location has ample comfortable seating throughout the store along with standardized tested products for patients.