Jushi Holdings Inc. reports operating, financial, and governance developments as a vertically integrated, multi-state cannabis operator traded on the OTCQX under JUSHF. Company updates cover quarterly and annual results, dispensary openings, cultivation performance, product availability, Jushi-branded cannabis products, and regulatory developments in state cannabis markets.
Recurring announcements also address capital structure and liquidity actions, including debt arrangements, subordinate voting share disclosures, executive compensation matters, early warning reports, shareholder voting topics, and other governance events tied to the company’s public-company reporting.
Jushi Holdings Inc. has launched its first line of solventless live rosin extracts under its brand, The Lab™. These new products, made solely from premium flower, water, and ice, include a 0.5g vape cartridge and upcoming 1g jarred concentrates. They are currently available in Pennsylvania and expected in Massachusetts, Nevada, and Virginia pending regulatory approvals. The cannabis extract market is projected to grow significantly, reaching US$42.89 billion by 2030. CEO Jim Cacioppo highlighted the increasing consumer demand for these high-quality products.
Jushi Holdings Inc. expands its retail footprint in California with the opening of BEYOND / HELLO™ Grover Beach on May 13, 2022. This marks the company's 32nd retail location and third in California, strategically positioned in a market with an annual tourist population of 2.2 million. The store will offer a wide range of cannabis products and services, including translation services in over 200 languages to cater to diverse communities. Jushi owns 78% of the Grover Beach retail license, enhancing its market presence in the region.
Jushi Holdings announced its participation in several upcoming cannabis conferences. The significant events include:
- A.G.P. Spring Cannabis Consumer Conference on May 3, 2022, featuring virtual investor meetings.
- Canaccord Genuity 6th Annual Cannabis Conference on May 11, 2022, where CEO Jim Cacioppo will present at 11:30 a.m. ET.
- Wolfe Research Consumer Conference on May 12-13, 2022, with Trent Woloveck participating in a panel.
- MJ Unpacked on May 18-20, 2022, featuring EVP Nichole Upshaw on a panel about company culture.
Jushi Holdings (JUSHF) recently released its inaugural “4/20 Cannabis Insights Poll,” indicating significant trends in the U.S. cannabis market. Over 50% of cannabis consumers tried legal cannabis for the first time in the last year, while a majority believes cannabis positively impacts society and local economies. Support for pro-legalization politicians was noted by 61% of respondents. The poll also revealed strong support for veterans' access to medical cannabis (76.1%) and the need for equal banking access (67.6%). These insights reflect growing consumer confidence in the state-legalized cannabis market.
On April 12, 2022, Jushi Holdings announced significant legislative changes in Virginia, eliminating the need for medical patients to register for cannabis use. The new law enhances accessibility by removing previous mandatory ratios for product formulations and other regulatory requirements. Jushi's CEO praised these reforms as a win for patient access to medical cannabis. Additionally, Jushi received approval to commence planting in its advanced vertical cultivation facility, marking a pivotal operational development for the company in Virginia.
Jushi Holdings announced its management's participation in various upcoming investor conferences. Key events include:
- BTIG Virtual Global Cannabis Conference: April 6-7, 2022, featuring Michael Perlman in a chat on April 6 at 11:20 a.m. ET.
- Cowen Virtual Institutional Investor Group Meeting: April 7, 2022, with CEO Jim Cacioppo in a Q&A session at 11:30 a.m. ET.
- Cantor Fitzgerald Cannabis Conference: April 12-14, 2022, including Trent Woloveck's panel on April 13 at 9:00 a.m. ET.
- Benzinga Cannabis Capital Conference: April 20-21, 2022, featuring presentations by Cacioppo and Olivier Blechner.
Jushi Holdings Inc. (CSE: JUSH, OTCQX: JUSHF), a vertically integrated cannabis operator, will participate in two significant events: the Cannabis Business Times’ Webinar on February 28, featuring Chief Commercial Director Trent Woloveck, and the SXSW Conference from March 11-20, where Woloveck will engage in a panel discussion on March 14. These events aim to enhance Jushi's visibility and stakeholder engagement in the cannabis industry.
Jushi Holdings has announced the launch of a new suite of cannabis products in Massachusetts, including its flower brands The Bank and Sèchè. The company plans to introduce its vaporizable cartridges under the The Lab brand and a line of edibles called Tasteology in the second quarter of 2022, pending regulatory approval. Products will be sold through Jushi MA, Inc. at Nature’s Remedy locations and over 190 partner dispensaries statewide. Jushi aims to redefine customer experience and expand its market presence.
Jushi Holdings announced the launch of a new investor-focused video series aimed at showcasing its operational footprint, national expansion plans, and M&A strategy. CEO Jim Cacioppo expressed excitement about providing insights into Jushi's current market position and future objectives. This series aims to reinforce Jushi's commitment to maximizing shareholder value while highlighting its leadership team. The introductory video is now available, with additional segments planned for release across various social media platforms and the company's investor relations website.
Jushi Holdings Inc. (CSE: JUSH, OTCQX: JUSHF) announced its participation in the ATB Capital Markets 10th Annual Institutional Investor Conference from January 11-13, 2022. CEO Jim Cacioppo will join a panel titled “Brand Building and Leadership: The Good, The Bad, The Ugly” on January 13 at 9:00 a.m. ET. Jushi's management will also conduct virtual one-on-one investor meetings throughout the day. The firm, focused on a multi-state cannabis portfolio, aims to maximize shareholder value and deliver quality products across the cannabis ecosystem.