Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCQX: JUSHF), a vertically integrated, multi-state cannabis operator, announced that Chief Executive Officer, Chairman, and Founder, Jim Cacioppo, has purchased 66,800 Class B Subordinate Voting Shares (“Shares”) of the Company in the open market for an approximate amount of two hundred and twenty thousand dollars. Jim holds in the aggregate, approximately 19.2% 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).
Jim Cacioppo, Chief Executive Officer, Chairman, and Founder of Jushi, stated, “Over the past year, we have made significant progress building out our operations and expanding our presence in new and existing markets while bolstering our balance sheet with opportunistic financings. Given our current market position, recent successes, and expectations for future growth, we believe our stock price does not reflect the underlying value of the business. My belief in the vision, strategy, and future of Jushi has never been stronger and we remain dedicated to maximizing shareholder value into the new year.”