BOCA RATON, Fla., Feb. 26, 2025 (GLOBE NEWSWIRE) — James Cacioppo, Chief Executive Officer, Chairman, and Founder of Jushi Holdings Inc. (the “Company“), announced today that, on February 25, 2025, he acquired a warrant (the “Warrant“) to purchase subordinate voting shares of the Company (the “Subordinate Voting Shares“) pursuant to a private offering (the “Offering“) of […]
James Cacioppo, CEO, Chairman, and Founder of Jushi Holdings Inc., has agreed to acquire additional Subordinate Voting Shares of the company. The acquisition is part of an offering where Cacioppo will purchase shares equivalent to US$2,789,250 divided by the purchase price, which is set at a 50% premium to the 20-day volume-weighted average price of the shares on the applicable trading market. The purchase price is capped between US$0.45 and US$0.50 per share. Following the transaction, Cacioppo and his affiliated entities will hold an aggregate of 11,918,465 Subordinate Voting Shares, 9,755,232 options, and 18,524,301 warrants, representing between 19.85% and 19.99% of the company's outstanding shares on an as-converted basis. The transaction is subject to regulatory approval and compliance with National Instrument 62-104.