Jushi Holdings Inc.
| Public | |
| Traded as | CSE: JUSH |
| ISIN | 🆔 |
| Industry | Cannabis, Medical marijuana |
| Founded 📆 | 2011 in Maine |
| Founder 👔 | |
| Headquarters 🏙️ | , , |
Area served 🗺️ | United States |
Key people | Jim Cacioppo (Co-Founder, CEO and Chairman), Erich Mauff (Co-Founder and Co-President), Jon Barack (Co-founder and Co-President)[2] |
| Members | |
Number of employees | |
| 🌐 Website | jushico |
| 📇 Address | |
| 📞 telephone | |
Jushi Holdings Inc. is a American publicly traded, vertically integrated cannabis and medical marijuana company based in Boca Raton, Florida, with current retail, cultivation or processing operations in seven U.S. states where marijuana has been legalized for medical or recreative use.[3][4][5][6] The company’s stock trades on the Canadian Securities Exchange under the ticker symbol JUSH, and in over-the-counter markets in the United States with the ticker symbol JUSHF.[7][8]
Overview[edit]
Jushi Holdings Inc. (also known as Jushi) was founded in 2018 by three entrepreneurs Jim Cacioppo, Erich Mauff and Jon Barack. The name of the company - "Jushi" - derives from the ancient Chinese Jushi Kingdom, where a shaman grave was discovered with the material containing tetrahydrocannabinol, the psychoactive component of cannabis for "cultivated for psychoactive purposes".[9]
In June 2019, the company secured the trademarks The ClinicTM, The Clinic Consulting ServicesTM, The BankTM and The LabTM.[10]
Jushi Holdings Inc. had its initial public offering in June 2019 beginning trading on the Canadian NEO Exchange under the symbol (NEO:JUSH.B)[10] and in September, 2019 on the OTCQX Best Market under the symbol JUSHF. Jushi was listed on the Canadian Securities Exchange on December 9, 2019.[8]
Following Covid-19 Pandemic,[11] Jushi launched a digital online marketplace for the users of its subsidiary BEYOND / HELLO™ in May, 2020.[12][13]
In June, 2020, Jushi had to close temporarily its Center City and Northern Liberties locations in Philadelphia due to demonstrations following the murder of George Floyd after the shops were pillaged over the weekend.[14]
Acquisitions and mergers[edit]
Jushi Holdings Inc. has made several acquisitions in the cannabis industry. In July 2019, Jushi purchased Pennsylvania-based Franklin Bioscience and its subsidiaries also acquiring licenses for 12 medical marijuana dispensaries in Pennsylvania.[15] In December 2020, the company completed the acquisition of Dalitso LLC ("Dalitso"), a Virginia-based pharmaceutical processor for medical cannabis with permits to cultivate and process medical cannabis, and to dispense and deliver CBD oil and THC-A oil extracts in Virginia. In May, 2021, Jushi added a 93,000 sq. ft. Dalitso facility for $22 million.[16][17]
Other major acquisitions by the Jushi Holding Inc., include TGS Illinois Holdings, LLC ("TGSIH"),[18] Agape Total Health Care in Pennsylvania,[19] Vireo Health International Inc.,[20] and Las Vegas dispensary The Apothecarium, among others.[21]
Operations and offices[edit]
Jushi is headquartered in Boca Raton, Florida.[1][21] The company operates in seven separate cannabis or hemp markets in the United States that include Virginia, Pennsylvania, Illinois,[22] Ohio,[23] California, Nevada[21] and New York state.[5] Its growing processor of about 98,000 sq. ft. is located in Pennsylvania[4] with additional processing facility in Ohio and cultivation and extraction facility in Nevada. Operating as Jushi branches are the BEYOND / HELLO retail brand of cannabis dispensaries and hemp-based CBD brand, Nira.[24][25]
References[edit]
- ↑ 1.0 1.1 "Jushi Holding Inc Profile". Bloomberg Business Profile.
- ↑ "Jushi Team". Jushi.
- ↑ Waddell, Nick (2020-10-14). "Jushi Holdings is a buy, Beacon Securities says". CanTechLetter.
- ↑ 4.0 4.1 Wood, Sam (2020-11-23). "Big Marijuana company Jushi to triple cultivation in Pa. as cannabis sales continue to rise". The Philadelphia Inquirer.
- ↑ 5.0 5.1 George, John. "Medical marijuana company to open Main Line dispensary after delay". Philadelphia Business Journal.
- ↑ "Watch now beyond Beyond & Hello opens for recreational cannabis sales in Normal". The Pantagraph.
- ↑ "JUSHF, Jushi Holdings Inc". OTCMarkets.
- ↑ 8.0 8.1 "Jushi Holdings Inc. Class B Subordinate Voting Shares". Canadian Security Exchange.
- ↑ Russo, Ethan B.; et al. (2008). "Phytochemical and genetic analyses of ancient cannabis from Central Asia". Journal of Experimental Botany. 59 (15): 4171–4182. doi:10.1093/jxb/ern260. PMC 2639026. PMID 19036842.
- ↑ 10.0 10.1 "Jushi Holdings Inc. To Debut On The NEO Under Symbol "JUSH.B"". Technical420.
- ↑ "How Jushi Holdings' Dispensaries Are Working One-on-One With Customers During Coronavirus Outbreak". Cannabis Business Times.
- ↑ "ushi Holdings Inc.'s BEYOND / HELLO to Open Its Second Retail Location in Sauget, Illinois, Its 13th Dispensary Nationally and Third in the State". NASDAQ.
- ↑ Sandy, Eric (2020-10-23). "How Jushi Went 'Digital First' to Meet Customer Demand". Cannabis Business Times.
- ↑ "Jushi To Close Philadelphia Stores Due To Demonstrations". Benzinga.
- ↑ "Jushi closes $63 million Pennsylvania deal for medical cannabis dispensary space". MJBizDaily.
- ↑ Zdinjak, Nina (2021-05-05). "Cannabis Co. Jushi Holdings' $22M Acquisition Of Dalitso Facility Fortifies Virginia Position". Benzinga.
- ↑ "Jushi Buying Dalitso Facility For $22 Million". Green Market Report.
- ↑ Paull, Hermina (2020-01-30). "Jushi Holdings Acquires Two Illinois Cannabis Dispensaries". The Deep Dive.
- ↑ "Agape Total Health Care". New Cannabis Ventures.
- ↑ Martinovic, Jelena (2020-08-12). "Vireo & Jushi $37M Deal Over Pennsylvania Facility Closes". Benzinga.
- ↑ 21.0 21.1 21.2 Hudson, Subrina (2021-09-29). "Florida firm buys Las Vegas-based cannabis store". Las Vegas Review Journal.
- ↑ "Short lines, quick service on first day of recreational marijuana sales in Sauget". BND.
- ↑ "Jushi Buys Ohio Cannabis Grower To Supply Dispensaries". Candid Chronicle.
- ↑ Russian, Ale (2021-08-11). "Colin Hanks Brings His Hanks Kerchiefs Line to Cannabis Stores: 'Pretty Fun Opportunity'". People.
- ↑ George, John (2020-03-18). "How one Philadelphia medical marijuana operator is dealing with the coronavirus outbreak". Philadelphia Business Journal.
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