Jushi Holdings Inc. Expands and Strengthens Its Presence in Nevada
September 29, 2021 at 07:06 am EDT
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Jushi Holdings Inc. announced that it has entered into a definitive agreement (the "Agreement") to acquire 100% of the equity interest of an entity operating an adult-use and medical retail dispensary under the name The Apothecarium in Las Vegas, Nevada ("Apothecarium Nevada"). The Apothecarium Nevada acquisition, together with the April 2021 purchase of Franklin Bioscience NV, LLC, a holder of medical and adult-use cannabis cultivation, processing, and distribution licenses, will enable Jushi to become vertically integrated in Nevada, as well as provide significant branding exposure for Jushi's high-quality product lines, including The Bank, The Lab, Tasteology and Sche. This will be the Company's fourth vertically integrated state, accompanying Pennsylvania (by way of its affiliated subsidiaries), Virginia, and Massachusetts. Located at 7885 W Sahara Ave #112, Las Vegas, NV, Apothecarium Nevada is approximately 6.5 miles west of the Las 3 Vegas Strip. Las Vegas is one of the top tourist destinations in the U.S. drawing over 42 million tourists each year, making Nevada one of the most popular states for tourism. Las Vegas is an internationally renowned resort city known for gambling, entertainment, shopping, and nightlife, attracting visitors worldwide year-round. Apothecarium Nevada neighbors Summerlin, a master planned community with nearly 100,000 residents that currently prohibits dispensaries from operating. The dispensary is also located approximately 20 minutes from popular resorts and attractions, and serves customers in-store and online through convenient curbside pick-up and at-home delivery. Apothecarium Nevada is also constructing a drive-thru lane, which is expected to be available to customers later this year.
Jushi Holdings Inc. is a vertically integrated cannabis company. The Company is engaged in retail, distribution, cultivation, and processing in both medical and adult-use markets. The Company, through its subsidiaries, owns or manages cannabis operations and/or holds licenses in the adult-use and/or medicinal cannabis marketplace in California, Illinois, Massachusetts, Nevada, Ohio, Pennsylvania, and Virginia. It offers both in-house brands and third-party products at each of its retail locations. All of its retail locations operate under the BEYOND HELLO brand except in Massachusetts and Nevada. In Massachusetts, its retail locations operate under the Natureâs Remedy brand. In Nevada, the Company operates three retail locations under the NuLeaf brand and one under the BEYOND HELLO. In states where it has licensed cultivation and processing operations, the Company produces products under its in-house brands, including The Bank, Hijinks, The Lab, Seche, Nira+ and Tasteology.
JUSHI HOLDINGS INC. 
