Jushi Hldgs Stock Price, News & Analysis

Jushi Holdings announced the resignation of Ed Kremer as Chief Financial Officer, effective July 12, 2022, to join a competing cannabis operator. The company will enforce a 12-month non-compete clause. Jon Barack, President and Founder, will serve as interim CFO, with James Cabral promoted to Chief Accounting Executive. The leadership transitions are positioned to ensure continuity as Jushi seeks a qualified CFO to support expansion initiatives. The company clarified that Kremer's departure was not due to financial issues or disputes.

Jushi Holdings announced the grand reopening of its Beyond Hello™ Palm Springs retail location on July 13, 2022. The redesigned store showcases a desert-inspired aesthetic and offers a wide selection of California cannabis brands and artisan products. This location features an art exhibit by award-winning photographer Dre Neumann and aims to provide an elevated retail experience for cannabis consumers. Operating from 9:00 a.m. to 9:00 p.m. daily, the store emphasizes exceptional customer service and accessibility, with 12 point-of-sale systems and ample parking.

Jushi Holdings has launched its first line of hydrocarbon-extracted concentrates under the award-winning brand The Lab™. These products, known as The Lab™ Live Resin, feature high purity and a full spectrum of cannabinoids, maintaining approximately 90% of the cannabis plant’s original cannabinoids. Initially available at Beyond Hello™ locations in Pennsylvania, the company is set to expand to other states like Massachusetts, Virginia, and Nevada. The cannabis extract market is projected to grow from US$9.24B in 2021 to US$42.89B by 2030.

Jushi Holdings has announced the Commonwealth Court of Pennsylvania's decision to grant Medical Marijuana Access & Patient Safety, Inc. (MMAPS) the ability to vacate an automatic stay of injunctive relief. This allows certain vaporized medical marijuana products to return to the market after the Pennsylvania Department of Health's recall. The court found no evidence of harm related to the recalled products and emphasized their rigorous safety testing. The decision supports patient access to effective medical marijuana, marking a significant win for the community.

Jushi Holdings Inc. has announced the opening of its 33rd dispensary, NuLeaf Las Vegas The Strip, which will begin serving customers on June 8, 2022. This new location bolsters Jushi's Nevada operations, now comprising three dispensaries in Las Vegas and a total of 47,000 sq. ft. dedicated to cultivation and manufacturing. The store, strategically located near the Las Vegas Arts District, aims to attract both locals and tourists, providing a variety of cannabis products while emphasizing an enhanced customer experience.

Jushi Holdings Inc. (OTCQX: JUSHF), a multi-state cannabis operator, announced participation in two upcoming industry events. On June 2, 2022, CFO Ed Kremer and EVP Michael Perlman will host investor meetings at the Jefferies Cannabis Summit in New York. Following this, on June 7, 2022, VP Jennifer Duey will join a virtual panel at the Security Industry Association's Cannabis Security Symposium. For inquiries or to schedule meetings, investors can contact Jushi's Investor Relations.

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.