Denis Arsenault Acquires Additional Securities of Jushi Holdings Inc.
June 19 2020 - 6:18PM
Denis Arsenault, located at Rue Maria Vieira da Silva Lot #3, Unit
U/K, Lagos, Portugal 8600-780, announced today that on March 27,
2020 he acquired 1,000,000 Subordinate Voting Shares of Jushi
Holdings Inc. (the “
Issuer”) on the public market
at a price of CDN$1.10 per share and on June 19, 2020 he acquired
USD$2,500,000 Notes and warrants (“
Warrants”) to
acquire 1,500,000 Class B subordinate voting shares of the Issuer
(collectively, the “
Specified Securities”).
The Specified Securities represent in the
aggregate, on an as converted basis, approximately 2.83% of the
Subordinate Voting Shares issued and outstanding (calculated on a
non-diluted basis).
Following the completion of the acquisition of
the Specified Securities, the Acquiror holds $10,000,000 of the
Notes, 4,000,000 multiple voting shares of the Issuer, 3,329,162
Class B subordinate voting shares of the Issuer, warrants to
acquire 6,750,000 multiple voting shares of the Issuer and
4,561,668 Warrants, which represent in the aggregate, on an as
converted basis, approximately 19.16% of the Subordinate Voting
Shares that are 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).
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.
About Jushi Holdings Inc. We
are a globally focused cannabis and hemp company led by an
industry-leading management team. In the United States, Jushi is
focused on building a multi-state portfolio of branded cannabis and
hemp-derived 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 and hemp ecosystem. For more information
please visit www.jushico.com or our social media channels,
Instagram, Facebook, Twitter and LinkedIn.
Investor Relations Contact:
Michael Perlman Executive Vice President of Investor Relations and
Treasury 561-453-1308 Investors@jushico.com
Media Contact:
Ellen Mellody MATTIO Communications 570-209-2947
Ellen@Mattio.com
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