James Cacioppo Files Updated Early Warning Report
Rhea-AI Summary
James Cacioppo (JUSHF) filed an updated early warning report dated May 8, 2026 describing share and option changes tied to a December 11, 2025 employment amendment. The amendment converted a US$1,050,000 bonus into a US$300,000 cash payment and 3,000,000 restricted subordinate voting shares that vested January 1, 2026. The filing reports aggregate holdings and exercise restrictions (a blocker limiting beneficial ownership above certain thresholds) and confirms beneficial ownership at 19.99% following a prior increase to that Maximum Percentage.
AI-generated analysis. Not financial advice.
Positive
- Received 3,000,000 restricted subordinate voting shares vested on January 1, 2026
- Beneficial ownership confirmed at 19.99% following prior Maximum Percentage increase
- Options and warrants now vested and exercisable as of the date hereof
Negative
- Blocker provisions restrict exercise above a 4.99% threshold for certain options and warrants
- Exercise or issuance that would exceed 19.99% requires compliance with Canadian and U.S. securities rules
BOCA RATON, Fla., May 08, 2026 (GLOBE NEWSWIRE) -- James Cacioppo, Chief Executive Officer, Chairman, and Founder of Jushi Holdings Inc. (the "Company"), announced today that he has filed an early warning report on Form 62-103F1 in connection with his acquisition of subordinate voting shares of the Company ("Subordinate Voting Shares") on December 11, 2025.
As previously disclosed by the Company, on December 11, 2025, in order to assist the Company in managing near-term working capital requirements, the Company, JGMT, LLC and Mr. Cacioppo entered into an amendment to Mr. Cacioppo's existing employment agreement (the "Employment Agreement Amendment"), pursuant to which Mr. Cacioppo agreed to receive the US
Prior to entering into the Employment Agreement Amendment, Mr. Cacioppo and his joint actors held an aggregate of 11,918,465 Subordinate Voting Shares, 12,447,732 Options and 24,335,239 warrants to acquire Subordinate Voting Shares ("Warrants"), representing in the aggregate, on an as-converted basis, approximately
Following the entering into the Employment Agreement Amendment and as of the date hereof, Mr. Cacioppo and his joint actors hold an aggregate of 14,918,465 Subordinate Voting Shares, 12,447,732 Options and 24,335,239 Warrants, representing in the aggregate, on an as-converted basis, approximately
As of the date hereof, all of the Options and Warrants are vested and exercisable by Mr. Cacioppo and his joint actors; however, 6,447,732 of the 12,447,732 Options and 3,600,000 of the 24,335,239 Warrants, in each case held by Mr. Cacioppo and his joint actors, contain a "blocker" provision restricting the exercise of such Options and/or Warrants if, prior to or following such exercise, Mr. Cacioppo and his joint actors beneficially own or would beneficially own in the aggregate an excess of
This press release is issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which requires an early warning report to be filed on SEDAR+ (www.sedarplus.ca) containing additional information with respect to the foregoing matters. A copy of the early warning report may be obtained by contacting Investor Relations, Jushi Holdings Inc., investors@jushico.com.
About Jushi Holdings Inc.
We are a vertically integrated cannabis company led by an industry-leading management team. Jushi is focused on building a multi-state portfolio of branded cannabis assets through opportunistic acquisitions, distressed workouts, and competitive applications. Jushi strives to maximize shareholder value while delivering high-quality products across all levels of the cannabis ecosystem. For more information, visit jushico.com or our social media channels, Instagram, Facebook, X, and LinkedIn.
For further information, please contact:
Trent Woloveck
Co-Chief Strategy Director
trent@jushico.com
investors@jushico.com
