BOCA RATON, Fla., Jan. 26, 2021 (GLOBE NEWSWIRE) -- Jushi Holdings Inc. (CSE: JUSH) (OTCMKTS: JUSHF), a vertically integrated, multi-state cannabis operator, announced it completed the acquisition of the remaining 20% of the equity interests of Agape Total Health Care Inc., a Pennsylvania dispensary permittee. The Company now owns 100% of the equity interests in Agape, which operates one retail location in Reading, Pennsylvania with plans to open two additional locations, one in Philadelphia and one in Pottsville. In total, Jushi’s subsidiaries currently operate ten dispensaries in Pennsylvania, eight of which are branded under the Company’s BEYOND/HELLO^TM retail brand, with the remaining two locations expected to complete rebranding to BEYOND/HELLO^TM within the next few weeks.

“We are very excited to announce that we now own 100% of the equity in our retail and grower-processor subsidiaries in Pennsylvania. The rapidly growing Pennsylvania cannabis market is a strategic focus area for Jushi, and the Company’s goal has always been to consolidate its ownership positions,” commented Jim Cacioppo, Chief Executive Officer, Chairman and Founder of Jushi. “Through our retail brand BEYOND/HELLO, we have developed a reliable, replicable model for high-quality retail experiences, backed by deep consumer insights. With our strong balance sheet, we’re committed to expanding our footprint in each of the markets we serve and look forward to continuing to provide our patients and consumers a best-in-class customer experience.”

Jushi and its subsidiaries hold the rights to open 16 new dispensaries¹ throughout the states the Company operates and anticipates opening between 10 and 12 of these new locations in 2021. With the acquisition of the remaining equity interests of Agape, the Company now owns 100% equity interests of their retail and grower-processor subsidiaries in Pennsylvania, Illinois and Virginia.

¹ Includes two locations under definitive agreement

For more information, visit https://www.jushico.com/ or BEYOND / HELLO™ on Instagram and Facebook.

About Jushi Holdings Inc.
We are a vertically integrated cannabis company led by an industry leading management team. In the United States, Jushi is focused on building a multi-state portfolio of branded cannabis-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 ecosystem. For more information, please visit https://www.jushico.com/, https://twitter.com/wearejushi and https://linkedin.com/company/jushi-inc.