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Jushi Holdings to Acquire Nature's Remedy in Massachusetts

Jushi Holdings to Acquire Nature’s Remedy in Massachusetts
Chris Furnari - Apr 19, 2021 at 12:06 PM
Jushi Holdings will enter the Massachusetts cannabis market via the acquisition of Nature’s Remedy, a vertically integrated operator with two adult-use retail dispensaries and a 50,000 sq. ft. cultivation and processing facility.
The cash-and-stock transaction is valued at $110 million, and includes a $40 million cash payment, $55 million in stock and a $5 million promissory note.
An additional $10 million in stock-based milestone payments is also up for grabs once the deal closes during the second half of 2021.
“This acquisition will enable us to rapidly build scale in an important, maturing adult-use market with a defensible retail position and a solid cultivation footprint with significant opportunities to expand,” Jushi CEO Jim Cacioppo said in a news release. ....

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Jushi Enters Massachusetts Market with $110 Million Acquisition

April 19, 2021 at 7:30 am
Published by NCV Newswire
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Jushi Holdings Inc. to Expand Footprint Through Acquisition of Vertically Integrated Massachusetts Operator
Acquisition to Include Two Retail Dispensaries and a Cultivation and Product Manufacturing Facility
Jushi to Enter Its Seventh State and Expand Retail Footprint to 19 Dispensaries Nationwide
BOCA RATON, Fla., April 19, 2021 (GLOBE NEWSWIRE) Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCMKTS: JUSHF), a vertically integrated, multi-state cannabis operator announced that it has reached a definitive binding agreement (the “Agreement”) to acquire Nature’s Remedy of Massachusetts, Inc. and certain of its affiliates (collectively, “Nature’s Remedy”), a vertically-integrated single state operator in Massachusetts ....

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