BOCA RATON, Fla., July 13, 2020 (GLOBE NEWSWIRE) -- James Cacioppo, Chairman and Chief Executive Officer of Jushi Holdings Inc., located at 225 NE Mizner Blvd., Suite 720, Boca Raton, FL 33432 and Serpentine Capital Management II LLC, One East Partners, LP, OEP Opportunities, LP  and JAC Serpentine, LLC, announced today that the Acquirors have acquired beneficial ownership or control or direction over the following securities of the Issuer on the dates specified below:

The Specified Securities represent in the aggregate, on an as converted basis, 5.74% of the Subordinate Voting Shares issued and outstanding (calculated on a non-diluted basis).

Following the acquisition of the Specified Securities, the Acquirors, together with their joint actors, have beneficial ownership, or control or direction over the following securities of the Issuer (collectively, the “Securities”):

Notes:(1) The Securities represent approximately 29.29% of all of the issued and outstanding Subordinate Voting Shares, calculated in accordance with National Instrument 62-104 Take-Over Bids and Insider Bids.

About Jushi Holdings Inc.
We are a globally focused cannabis and hemp company led by an industry-leading management team. In the United States, Jushi is focused on building a multi-state portfolio of branded cannabis and hemp-derived assets through opportunistic acquisitions, distressed workouts and competitive applications. Jushi strives to maximize shareholder value while delivering high-quality products across all levels of the cannabis and hemp ecosystem. For more information please visit www.jushico.com or our social media channels, Instagram, Facebook, Twitter and LinkedIn.