Jushi USA Fiberglass Co Ltd announced that it will receive $50 million in an equity round of funding on April 23, 2019. The transaction will include participation from China Jushi Co., Ltd. (SHSE:600176) for $35 million and Global Expansion Investment I Limited for $15 million. Post the closing of the transaction, the registered capital of the company will increase from $150 million to $200 million. Yang Guoming is the legal representative of the company. The transaction has been approved by the board of directors of the investor at the 36th meeting of the 5th directorate.