Boca Raton, Florida (June 10, 2019) – Jushi Holdings Inc. (“Jushi” or the “Company”), a leading vertically integrated multi-state cannabis and hemp operator is pleased to announce it will begin trading June 10, 2019 on the Neo Exchange Inc. (the “NEO“) under the symbol “JUSH.B”.
“Listing on the NEO provides Jushi a solid foundation to build on its current growth trajectory as well as access new shareholders through the capital markets as a public company,” said Jushi CEO and Chairman, Jim Cacioppo. “At the same time, this does not affect Jushi’s disciplined focus on optimal capital allocation and deal structuring to maximize shareholder value.”
The listing follows the successful completion of the previously announced reverse takeover of a Canadian public company, Tanzania Minerals Corp. (“Tanzania“), by U.S.-based Jushi Inc. The public company was subsequently renamed Jushi Holdings Inc. in connection with the reverse takeover and the listing on the NEO. Additionally, the Company raised approximately US$68.2 million through a brokered and non-brokered private placement.
Jushi’s team of recognized industry leaders has diverse finance and cannabis backgrounds in highly regulated and public markets whose interests are closely aligned with shareholders, regulators, legislators and consumers. With this important milestone, Jushi’s management intends to continue and grow its support of consumer education, medical advisory, and research that can positively impact the direction of the cannabis and hemp industries while providing the best customer experience.
Jushi engaged Eight Capital as lead agent and sole bookrunner, along with a syndicate of agents, including GMP Securities L.P., Echelon Wealth Partners, Inc., Haywood Securities, Inc and PI Financial Corp to complete the brokered financing. Cassels Brock & Blackwell LLP served as counsel to Jushi regarding the financing and the listing on the NEO. In connection with the transaction, Tanzania was de-listed from the NEX board of the TSX Venture Exchange.
A filing statement with information about Jushi prepared in accordance with the policies of the NEO is available on SEDAR at www.sedar.com.
For more information, please contact the Company at Investors@jushico.com.
On behalf of the board of directors of Jushi,
Chairman & CEO
About Jushi Holdings Inc.
Jushi and its industry leading management team is building an integrated multi-state owner and operator of cannabis and hemp licenses across the United States. Jushi is focused on continuing to build a diverse multi-state portfolio of branded cannabis and hemp-derived assets through opportunistic investments and by internally pursuing licenses in attractive jurisdictions. Jushi strives to maximize shareholder value while delivering high quality products across all levels of the cannabis and hemp ecosystem.