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Jushi Holdings Inc. (JUSH.CN)
Chart Events
Performance Outlook
| Previous Close | 8.03 |
| Open | 0.00 |
| Bid | 8.34 x N/A |
| Ask | 8.38 x N/A |
| Day's Range | 0.00 - 0.00 |
| 52 Week Range | |
| Volume | 0 |
| Avg. Volume | 481,125 |
| Market Cap | 938.87M |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.75 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
Fair Value
Related Research
- GlobeNewswire
Jushi Holdings Inc. Expands Retail Footprint in California
Signs definitive agreements to acquire an operating dispensary in Palm Springs and a retail license holder in Grover Beach Entered into a long-term lease agreement and plans to commence construction in Culver CityBOCA RATON, Fla., Jan. 14, 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 entered into a definitive agreement to acquire 100% of the equity of Organic Solutions of the Desert, LLC (“OSD”), an operating dispensary located in Palm Springs, California, and approximately 78% of the equity of a retail license holder located in Grover Beach, California with the rights to acquire the remaining equity in the future (the “California Dispensary Acquisitions”). Jushi is also moving forward in the merit-based application process as one of only three selected applicants for a storefront retail (and ancillary delivery) permit in Culver City, California. On December 17, 2020, one of the Company’s subsidiaries entered into a long-term lease agreement for a bespoke, ground-up build. The closing of the California Dispensary Acquisitions, and the Company’s opening of a storefront retail (and ancillary delivery) dispensary in Culver City, are subject to state and local regulatory approvals. The three new locations will be in addition to the Company’s BEYOND / HELLO™ Santa Barbara store, which opened in October 2020.“We are thrilled to continue the expansion of the BEYOND / HELLO™ retail brand in California with the addition of three premier locations,” said Jim Cacioppo, Chief Executive Officer, Chairman and Founder of Jushi. “We will continue to target and evaluate attractive, limited license market opportunities in California for potential investment and expansion. I am excited to bring our customer-first approach to new markets and look forward to serving the local residents and visitors of Palm Springs, Grover Beach, Culver City, as well as continuing to serve the Santa Barbara community.” Palm Springs Dispensary With more than 14 million tourists per year, Palm Springs is an attractive market and luxury travel destination. Currently operating and conveniently located at 4765 E Ramon Road, one of the busiest streets in the city, OSD has been the leading revenue generator since the inception of Palm Springs adult-use cannabis program in 2018. OSD is strategically located across from Palm Springs International Airport (over 2.5 million travelers in 2019) and has ample dedicated parking spots. Upon closing, Jushi intends to roll out its best-in-class customer-first approach, including its online reservation ordering platform, and implement express pick-up and delivery options at the dispensary to drive new customer growth.Grover Beach Dispensary Grover Beach is located between Oceano and Pismo Beach, and approximately 80 miles north of the Company’s BEYOND / HELLO™ Santa Barbara location. A limited license market with a maximum of four retail licenses permitted, Grover Beach offers strong barriers to entry that align with the Company’s expansion strategy. In addition, the neighboring cities around Grover Beach currently prohibit retail cannabis dispensaries from operating, making it a prime location for delivery in addition to being supported by an annual tourist population of approximately 2.2 million. Upon completion of the build out of the new BEYOND / HELLO™ in Q3 2021, this location will be the fourth and final retail dispensary permitted in the city.Culver City Dispensary Located directly west of Los Angeles and south of Beverly Hills, Culver City is one of the most dynamic cities in California with a growing population and thriving job market. The new Culver City ground-up build dispensary will be at the high-traffic corner of Venice and Sepulveda Blvd. and is located near the 405 Freeway and Venice Blvd on-ramps. The location will have excellent street visibility with an attached parking lot and will have entrances on both streets for easy access. In addition to the high traffic visibility (~70,000 cars pass by per day), it is also located within a 1.5-mile radius of a residential population of over 100,000 people. Jushi expects to open the Culver City dispensary by Q2 2022.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 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 www.jushico.com or our social media channels, Instagram, Facebook, Twitter, and LinkedIn.Forward-Looking Information and StatementsThis press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current conditions but instead represent only the Company’s beliefs regarding future events, plans or objectives, many of which, by their nature, involve estimates, projections, plans, goals, forecasts and assumptions that may prove to be inaccurate. As a result, actual results could differ materially from those expressed by such forward-looking statements and such statements should not be relied upon. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans,” “expects” or “does not expect,” “is expected,” “budget,” “scheduled,” “estimates,” “forecasts,” “intends,” “anticipates” or “does not anticipate,” or “believes,” or variations of such words and phrases or may contain statements that certain actions, events or results “may,” “could,” “would,” “might” or “will be taken,” “will continue,” “will occur” or “will be achieved”.By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has certain expectations and has made certain assumptions. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: the ability of Jushi to successfully achieve business objectives, including with regulatory bodies, employees, suppliers, customers and competitors; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; and compliance with extensive government regulation, as well as other risks and uncertainties which are more fully described in the Company’s Management, Discussion and Analysis for the nine months ended September 30, 2020, and other filings with securities and regulatory authorities which are available at www.sedar.com. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.Not for distribution to United States newswire services or for dissemination in the United States.Investor Relations Contact: Michael Perlman Executive Vice President of Investor Relations and Treasury 561-281-0247 Investors@jushico.comMedia Contact: Ellen Mellody MATTIO Communications 570-209-2947 Ellen@Mattio.com
- PR Newswire
Why Experts Believe 2021 is Anticipated to be a Strong Year For Cannabis Industry
January 13, 2021 - It's that time of the year when various articles and reports look back on the U.S. and Canadian 2020 cannabis markets' performance. Many agree that while both markets performed well in toto they say that the cannabis industry had a strong year with the U.S. markets significantly outperforming Canadian peers. The cannabis sector just finished a strong 2020 with the U.S. market soaring while many Canadian stocks struggled. An recent article said: "Looking into 2021, we think the theme will continue to play out as the world's two largest cannabis markets face divergent outlooks. More importantly, within each market, there are certain companies positioned better to thrive and some will continue to struggle." The article continued: "We expect the U.S. cannabis sector and U.S.-focused ETFs to outperform again in 2021 due to several reasons. First of all, the size of the prize in Canada is too small. The Canadian adult-use market reached US$2.5B in October 2020 which is smaller than California's legal market in 2019 estimated at $2.8B. The California market is expected to reach $4B in 2020. While the Canadian market has also doubled its monthly sales during the pandemic, so did the U.S. markets. All in all, the U.S. is a much larger market and it is estimated to be almost 10x the size of the Canadian market." Active Companies active today in the cannabis related markets include: Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), Item 9 Labs Corp. (OTCQX: INLB), Jushi Holdings Inc (OTCQB: JUSHF) (CSE: JUSH), KushCo Holdings, Inc. (OTCQX: KSHB), Aphria Inc. (NASDAQ: APHA) (TSX: APHA).
- GlobeNewswire
Jushi Holdings Inc. Announces Closing of Offering of Subordinate Voting Shares
BOCA RATON, Fla., Jan. 07, 2021 (GLOBE NEWSWIRE) -- Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCMKTS: JUSHF), a vertically integrated, multi-state cannabis operator, announces today the closing of its previously announced overnight marketed offering (the “Offering”) of an aggregate of 6,210,000 subordinate voting shares (the “Offered Securities”) at a price of C$6.50 per share for total gross proceeds of approximately C$40,365,000, which includes the full exercise of the over-allotment option granted to the underwriters. The Offered Securities were offered in each of the Provinces of Canada, other than Québec pursuant to a prospectus supplement to the Company’s base shelf prospectus dated October 9, 2020 (the “Prospectus”) and in the United States on a private placement basis to “qualified institutional buyers” pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended (the “U.S. Securities Act”). The Company intends to use the net proceeds of the Offering for working capital and general corporate purposes, including the use of up to 33% of the net proceeds to partially repay certain of the Company’s outstanding senior secured notes in accordance with their terms.Canaccord Genuity Corp. and Beacon Securities Limited acted as the co-lead underwriters for the Offering.“I’m thrilled with the support we continue to receive from our shareholders. With this financing complete, we have a strong balance sheet to further accelerate our revenue growth and profitability as we enter 2021,” said Jim Cacioppo, Chief Executive Officer, Chairman and Founder of Jushi. “The opportunity in the legal U.S. cannabis industry is immense, and Jushi is strategically positioned with both the capital and talent to expand in the highest quality markets as we continue to build our business.”As a result of the successful completion of the Offering, the Company has, as of the date hereof, (i) 138,606,064 subordinate voting shares issued and outstanding, and (ii) 246,792,034 shares issued and outstanding on an as-converted and fully-diluted basis. In connection with the acceleration of certain warrants announced on December 24, 2020, the Company anticipates the exercise of an additional 2,723,750 warrants which would result in a total of 141,329,814 subordinate voting shares issued and outstanding as of January 25, 2021.Copies of the Prospectus may be obtained on SEDAR at www.sedar.com and from Canaccord Genuity Corp., 161 Bay Street, Suite 3000, Toronto, ON M5J 2S1. The Prospectus contains important detailed information about the Company and the Offering. Prospective investors should read the Prospectus and the other documents the Company has filed on SEDAR at www.sedar.com before making an investment decision.No securities regulatory authority has either approved or disapproved of the contents of this news release. The subordinate voting shares have not been and will not be registered under the U.S. Securities Act or any state securities laws. Accordingly, the Offered Securities may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful.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 www.jushico.com or our social media channels, Instagram, Facebook, Twitter, and LinkedIn.Forward-Looking Information and StatementsThis press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, including statements with respect to closing of the Offering and the use of proceeds thereof. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current conditions but instead represent only the Company’s beliefs regarding future events, plans or objectives, many of which, by their nature, involve estimates, projections, plans, goals, forecasts and assumptions that may prove to be inaccurate. As a result, actual results could differ materially from those expressed by such forward-looking statements and such statements should not be relied upon. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans,” “expects” or “does not expect,” “is expected,” “budget,” “scheduled,” “estimates,” “forecasts,” “intends,” “anticipates” or “does not anticipate,” or “believes,” or variations of such words and phrases or may contain statements that certain actions, events or results “may,” “could,” “would,” “might” or “will be taken,” “will continue,” “will occur” or “will be achieved”.By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has certain expectations and has made certain assumptions. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: the actual use of the net proceeds of the Offering, risks identified in the Company’s reports and filings with the applicable Canadian securities regulators, including, without limitation, all risks included in and incorporated by reference in the Prospectus, the ability of Jushi to successfully achieve its business objectives, including with regulatory bodies, employees, suppliers, customers and competitors; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; and compliance with extensive government regulation, as well as other risks and uncertainties which are more fully described in the Company’s Management, Discussion and Analysis for the three months ended September 30, 2020, and other filings with securities and regulatory authorities which are available at www.sedar.com. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.Not for distribution to United States newswire services or for dissemination in the United States.For further information, please contact:Investor Relations Contact: Michael Perlman Executive Vice President of Investor Relations and Treasury 561-281-0247 Investors@jushico.comMedia Contact: Ellen Mellody MATTIO Communications 570-209-2947 Ellen@Mattio.com
