Jushi Holdings Inc. Announces Favorable Modifications to Existing Manassas, VA Mortgage
Jushi Holdings (OTCQX:JUSHF), a multi-state cannabis operator, has successfully modified its existing secured commercial loan with FVCBank for its Manassas, Virginia facility. The modification includes $4 million in additional loan proceeds, an extension of the maturity date to September 18, 2030, and a reduction in the interest rate floor from 8.25% to 7.50%.
The loan remains secured by the company's Virginia-based cultivation and manufacturing facility. Jushi plans to utilize the additional funds for capital expenditures, working capital, and other corporate purposes.
Jushi Holdings (OTCQX:JUSHF), operatore di cannabis in più stati, ha modificato con successo il proprio prestito commerciale garantito esistente con FVCBank per l'impianto di Manassas, Virginia. La modifica prevede 4 milioni di dollari in ulteriori somme del prestito, l'estensione della data di scadenza al 18 settembre 2030 e una riduzione della soglia del tasso di interesse dall'8,25% al 7,50%.
Il prestito resta garantito dall'impianto di coltivazione e produzione della società in Virginia. Jushi intende utilizzare i fondi aggiuntivi per spese in conto capitale, capitale circolante e altri scopi aziendali.
Jushi Holdings (OTCQX:JUSHF), operador multizona de cannabis, ha modificado con éxito su préstamo comercial garantizado existente con FVCBank para su instalación en Manassas, Virginia. La modificación incluye 4 millones de dólares en fondos adicionales del préstamo, una extensión de la fecha de vencimiento hasta el 18 de septiembre de 2030 y una reducción del piso de la tasa de interés del 8.25% al 7.50%.
El préstamo sigue garantizado por la instalación de cultivo y fabricación de la empresa en Virginia. Jushi planea utilizar los fondos adicionales para gastos de capital, capital de trabajo y otros fines corporativos.
Jushi Holdings (OTCQX:JUSHF), 다수 주에서 운영되는 대마초 사업자로, FVCBank와의 기존 담보상업대출을 매나섬스(Manassas), 버지니아 주의 시설에 대해 성공적으로 수정했습니다. 수정 내용은 대출 추가 자금으로 400만 달러, 만기일을 2030년 9월 18일로 연장, 이자율 하한을 8.25%에서 7.50%으로 인하하는 것입니다.
대출은 여전히 버지니아 주에 기반을 둔 재배 및 제조 시설에 의해 담보됩니다. Jushi는 추가 자금을 자본 지출, 운전자본 및 기타 회사 목적에 사용할 계획입니다.
Jushi Holdings (OTCQX:JUSHF), opérateur de cannabis dans plusieurs États, a modifié avec succès son prêt commercial garanti existant avec FVCBank pour son installation à Manassas, Virginie. La modification comprend 4 millions de dollars de fonds supplémentaires, une extension de la date d'échéance au 18 septembre 2030, et une réduction du plancher du taux d'intérêt de 8,25% à 7,50%.
Le prêt demeure garanti par l'installation de culture et de fabrication de l'entreprise en Virginie. Jushi prévoit d'utiliser les fonds supplémentaires pour des dépenses en capital, des besoins en fonds de roulement et d'autres finalités d'entreprise.
Jushi Holdings (OTCQX:JUSHF), ein Cannabis-Betreiber in mehreren Bundesstaaten, hat seinen bestehenden gesicherten Geschäftskredit mit FVCBank für seine Anlage in Manassas, Virginia, erfolgreich geändert. Die Änderung umfasst 4 Millionen US-Dollar an zusätzlichen Kreditmitteln, eine Verlängerung des Fälligkeitsdatums bis zum 18. September 2030 und eine Senkung der Zinssatzuntergrenze von 8,25% auf 7,50%.
Der Kredit bleibt durch die in Virginia ansässige Anbau- und Herstellungsanlage des Unternehmens abgesichert. Jushi beabsichtigt, die zusätzlichen Mittel für Investitionsausgaben, Betriebskapital und andere Unternehmenszwecke zu verwenden.
Jushi Holdings (OTCQX:JUSHF)، مشغّل قنب متعدد الولايات، قام بنجاح بتعديل قرضه التجاري المضمون الحالي مع FVCBank لمرفقه في ماناساس، فرجينيا. يتضمن التعديل 4 ملايين دولار كتمويل إضافي للقرض، وتمديد تاريخ الاستحقاق إلى 18 سبتمبر 2030، وخفض الحد الأدنى لسعر الفائدة من 8.25% إلى 7.50%.
لا يزال القرض مضمونا بمرفق زراعة وتصنيع الشركة في فرجينيا. تخطط جوشي لاستخدام الأموال الإضافية في الإنفاق الرأسمالي والتمويل العامل وغيرها من أغراض الشركة.
Jushi Holdings (OTCQX:JUSHF)，是一家在多州运营的大麻企业，已成功修改其与 FVCBank 就其位于弗吉尼亚州马纳萨斯的设施的现有有担保商业贷款。修改包括 额外的400万美元贷款资金、将到期日延长至 2030年9月18日，以及将利率下限从 8.25% 降至 7.50%。
该贷款仍由公司在弗吉尼亚州的种植与制造设施所担保。Jushi 计划将追加资金用于资本支出、运营资金及其他企业用途。
- Secured additional $4 million in loan proceeds for growth initiatives
- Extended loan maturity by 5 years to September 2030
- Reduced interest rate floor by 0.75% to 7.50%
- Increased debt obligation with additional $4 million borrowed
- Property remains collateralized against the loan
Company received
Maturity date extended to September 18, 2030
Capital infusion bolsters balance sheet for growth initiatives
BOCA RATON, Fla., Sept. 22, 2025 (GLOBE NEWSWIRE) -- Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCQX: JUSHF), a vertically integrated, multi-state cannabis operator, is pleased to announce the execution of a modification to its existing secured commercial loan with FVCBank. In connection with the modification: (1) the Company has received an additional
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.
Forward-Looking Information and Statements
This press release may contain “forward-looking statements” and “forward‐looking information” within the meaning of applicable securities laws, including Canadian securities legislation and United States (“U.S.”) securities legislation (collectively, “forward-looking information”) which are based upon the Company’s current internal expectations, estimates, projections, assumptions and beliefs. All information, other than statements of historical facts, included in this report that address activities, events or developments that the Company expects or anticipates will or may occur in the future constitutes forward‐looking information. Forward‐looking information is often identified by the words, “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and includes, among others, information regarding: future business strategy; competitive strengths, goals, expansion and growth of the Company’s business, operations and plans, including new revenue streams; the implementation by the Company of certain product lines; the implementation of certain research and development; the application for additional licenses and the grant of licenses that will be or have been applied for; the expansion or construction of certain facilities; the reduction in the number of our employees; the expansion into additional U.S. and international markets; any potential future legalization of adult use and/or medical marijuana under U.S. federal law; expectations of market size and growth in the U.S. and the states in which the Company operates; expectations for other economic, business, regulatory and/or competitive factors related to the Company or the cannabis industry generally; and other events or conditions that may occur in the future.
Readers are cautioned that forward‐looking information is not based on historical facts but instead is based on reasonable assumptions and estimates of the management of the Company at the time they were provided or made and such information involves known and unknown risks, uncertainties, including our ability to continue as a going concern, and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as applicable, to be materially different from any future results, performance or achievements expressed or implied by such forward‐looking information. Such factors include, among others: the limited operating history of the industry and the Company; risks related to managing the growth of the Company including completed, pending or future acquisitions or dispositions, including potential future impairment of goodwill or intangibles acquired and/or post-closing disputes; risks related to the continued performance, expansion and/or optimization of existing operations in California, Illinois, Massachusetts, Nevada, Ohio, Pennsylvania, and Virginia; risks related to the anticipated openings of additional dispensaries or relocation of existing dispensaries subject to licensing approval; the Company’s history of operating losses and negative operating cash flows; increasing competition in the industry; risks inherent in an agricultural business, such as the effects of natural disasters; reliance on the expertise and judgment of senior management of the Company; risks associated with cannabis products manufactured for human consumption including potential product recalls; limited research and data relating to cannabis; constraints on marketing products; risk of litigation; insurance-related risks; public opinion and perception of the cannabis industry; risks related to the economy generally; fraudulent activity by employees, contractors and consultants; risks relating to the Company’s current amount of indebtedness; reliance on key inputs, suppliers and skilled labor, and third party service provider contracts; reliance on manufacturers and contractors; risks of supply shortages or supply chain disruptions; risks relating to pandemics and forces of nature; risks related to the enforceability of contracts; risks related to inflation, the rising cost of capital, and stock market instability; risks relating to U.S. regulatory landscape and enforcement related to cannabis, including political risks; risks relating to anti‐money laundering laws and regulation; cannabis-related tax risks and challenges from governmental authorities with respect to the Company’s application for Employee Retention Tax Credits (ERC); other governmental and environmental regulation; risks related to proprietary intellectual property and potential infringement by third parties; sales of a significant amount of shares by existing shareholders; the limited market for securities of the Company; risks relating to the need to raise additional capital either through debt or equity financing; costs associated with the Company being a publicly-traded company and a U.S. and Canadian filer; risks related to co‐investment with parties with different interests to the Company; conflicts of interest and related party transactions; cybersecurity risks; and risks related to the Company’s critical accounting policies and estimates. Refer to Part I - Item 1A. Risk Factors in the Company's Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission on March 6, 2025 for more information.
Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward‐looking information will prove to be accurate as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on the forward‐looking information contained in this press release or other forward-looking statements made by the Company. Forward‐looking information is provided and made as of the date of this press release and the Company does not undertake any obligation to revise or update any forward‐looking information or statements other than as required by applicable law.
Unless the context requires otherwise, references in this press release to “Jushi,” “Company,” “we,” “us” and “our” refer to Jushi Holdings Inc. and our subsidiaries.
For further information, please contact:
Jushi Investor Relations
Trent Woloveck
Co-Chief Strategy Director
614-271-4349
trent@jushico.com
investors@jushico.com
FAQ
What are the key terms of Jushi Holdings' (JUSHF) loan modification in September 2025?
How will Jushi Holdings use the additional $4 million loan proceeds?
What assets secure Jushi Holdings' modified loan with FVCBank?
How much did Jushi Holdings' (JUSHF) interest rate decrease in the September 2025 loan modification?
When is the new maturity date for Jushi Holdings' modified FVCBank loan?
