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Jushi Holdings Inc (OTCMKTS: JUSHF) Opens 15th Store in Pennsylvania, Acquires Nature’s Remedy, and Announced Launch of Flower Brands

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Jushi Holdings Inc (OTCMKTS: JUSHF), through its subsidiary, Franklin Bioscience – SE LLC. BEYOND / HELLO™ Colwyn has started catering to the requirements of medical marijuana patients and caregivers in the region of Pennsylvania. The group recently opened its 22nd BEYOND / HELLO™ retail location nationwide, 15th medical marijuana dispensary in Pennsylvania, and 7th storefront in the Greater Delaware Valley through its subsidiary. In addition, customers can make online reservations, and the group has initiated its in-store express pick-up service. 

Company committed to expanding access to medical patients

Jim Cacioppo, Chief Executive Officer, Chairman, and Founder of Jushi Holdings Inc, informed that the group is committed to expanding access to medical patients across the Commonwealth. The CEO thanked the team for achieving the milestone. Cacioppo added that the group would continue to work to provide patients access to medical marijuana in Pennsylvania.

Jushi Holdings Inc completes acquiring Nature’s Remedy

Jushi Holdings Inc has completed acquiring Nature’s Remedy and a few of its affiliates. The acquisition deal was sealed for $91.2 million. With this takeover, the company has expanded its footprint in Massachusetts. Nature’s Remedy presently operates two retail dispensaries in Massachusetts. While one is located in Millbury, the second is located in Tyngsborough. Besides this, the group owns a 50,000 sq. ft. cultivation and production facility in Lakeville. The facility has extraction and manufacturing capabilities. Jushi Holdings Inc paid an additional sum of $2.9 million in cash to acquire excess inventory, reportedly valued anywhere between $17.5 million to $22.5 million at the current wholesale prices. With the acquisition, the corporate house has officially entered the Massachusetts market. Cacioppo expressed excitement and added that Nature’s Remedy is a vertically integrated business operating high-quality and well-managed assets. 

Jushi Holdings Inc. announces the launch of flower brands

Jushi Holdings Inc. announced the launch of two flower brands, namely The Bank and Sèche. The Virginia Board approves the company of Pharmacy to sell its two flower brands to Virginia patients. The Bank possesses superior plant genetics and is an award-winning flower brand.

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