James Cacioppo, Chief Executive Officer, Chairman, and Founder of Jushi Holdings Inc. (the “Filer”), located at 225 NE Mizner Blvd., Suite 720, Boca Raton, FL 33432 announced today that on April 12, 2022, 2,660,554 subordinate voting shares (“Subordinate Voting Shares”) of Jushi Holdings Inc. (the “Issuer”) held by James Cacioppo, were transferred to Jennifer Cacioppo pursuant to a recently finalized marital settlement agreement (the “Transfer”).
Following the completion of the Transfer, the Filer, together with One East Capital Advisors LP, OEP Opportunities, LP, One East Partners, LP and ST2 LLC (each of which are entities controlled by James Cacioppo), hold 11,818,465 Subordinate Voting Shares, options to acquire 5,385,000 Subordinate Voting Shares and 20,273,335 warrants to acquire Subordinate Voting Shares, which represent, in the aggregate and on an as-converted basis, approximately 16.95% of the issued and outstanding Subordinate Voting Shares (calculated in accordance with National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues and on a non-diluted basis).
