Jushi Holdings Inc. announced the closing of a secured commercial loan with FVCbank, for gross proceeds of $20 million. The proceeds of the Loan will be used for working capital and other corporate purposes. The Loan has a five (5) year term and is principally secured by the Company's cultivation and manufacturing facility located in Manassas, Virginia.

The Loan will bear interest based on the 30-day average secured overnight financing rate plus 3.55%, with a floor interest rate of not less than 8.25%.