DENIS ARSENAULT ACQUIRES ADDITIONAL SECURITIES OF JUSHI HOLDINGS INC.
March 25 2020 - 6:00AM
Denis Arsenault, located at Rue Maria Vieira da Silva Lot #3, Unit
U/K, Lagos, Portugal 8600-780, announced today that he has acquired
and disposed of the following securities of Jushi Holdings Inc.
(the “
Issuer”):
DATE |
NATURE OF TRANSACTION |
NUMBER OF SECURITIES |
PRICE |
8/15/2019 |
Acquisition |
50,000 Subordinate Voting Shares |
CDN$2.33 |
8/15/2019 |
Acquisition |
63,500 Subordinate Voting Shares |
CDN$2.27 |
12/30/2019 |
Acquisition |
USD$8,000,000 of 10% Senior Secured Notes of the Issuer due
2023 |
N/A |
12/30/2019 |
Acquisition |
3,800,595 Warrants |
N/A |
3/12/2020 |
Acquisition |
16,800 Subordinate Voting Shares |
CDN$1.24 |
3/13/2020 |
Acquisition |
82,909 Subordinate Voting Shares |
CDN$1.25 |
3/16/2020 |
Acquisition |
31,200 Subordinate Voting Shares |
CDN$1.00 |
3/19/2020 |
Acquisition |
14,400 Subordinate Voting Shares |
CDN$1.00 |
02/13/2020 |
Disposition |
USD$500,000 of 10% Senior Secured Notes of the Issuer due 2023 |
N/A |
02/13/2020 |
Disposition |
375,000 Warrants |
N/A |
(following the acquisitions and dispositions set
out above, the net acquired Subordinate Voting Shares and Warrants
are referred to as, the “Specified
Securities”).
The Specified Securities represent in the
aggregate, on an as converted basis, 3.45% of the Subordinate
Voting Shares issued and outstanding (calculated on a non-diluted
basis).
Following the completion of the acquisitions and
dispositions of the Specified Securities as outlined above, the
Acquiror holds $7,500,000 of the Notes, 4,000,000 multiple voting
shares of the Issuer, 2,329,162 Subordinate Voting Shares and
11,174,206 Warrants, which represent in the aggregate, on an as
converted basis, 17.01% of the Subordinate Voting Shares issued and
outstanding (calculated in accordance with National Instrument
62-103 – The Early Warning System and Related Take-Over Bid and
Insider Reporting Issues and on a non-diluted basis).
For further information, please contact Investor
Relations, Jushi Holdings Inc., investors@jushico.com, Phone:
646-859-8397.
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 a report
to be filed on SEDAR (www.sedar.com) containing additional
information with respect to the foregoing matters. A copy of this
report may be obtained by contacting Investor Relations, Jushi
Holdings Inc., investors@jushico.com, Phone: 646-859-8397.
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