Denis Arsenault Acquires Additional Securities of Jushi Holdings Inc.
On December 7, 2022, Denis Arsenault acquired 3,452,595 Warrants of Jushi Holdings Inc. through a private offering that included 12% second lien notes. This acquisition allows Arsenault to purchase subordinate voting shares at US$2.086 until December 7, 2026. Post-acquisition, he holds a total of 7,677,899 subordinate voting shares and 16,702,595 Warrants, representing approximately 11.43% of the outstanding shares on an as-converted basis. The transaction is reported under National Instrument 62-103 requirements.
- Acquisition of 3,452,595 Warrants increases market participation.
- Denis Arsenault's stake represents approximately 11.43% of total voting shares post-offering.
- The acquisition could indicate higher debt levels due to the issuance of 12% second lien notes.
HERGISWIL, Switzerland, Dec. 09, 2022 (GLOBE NEWSWIRE) -- Denis Arsenault (the "Acquiror"), located at Rue Sonnhaldenstrasse, 1A, Hergiswil Switzerland, 6052, announced today that on December 7, 2022, he acquired 3,452,595 warrants (the "Warrants") of Jushi Holdings Inc. (the “Issuer”) pursuant to a private offering (the "Offering") of the Issuer consisting of the issuance of
Following the completion of the acquisition of the 3,452,595 Warrants, the Acquiror holds 7,677,899 Subordinate Voting Shares and 16,702,595 Warrants, which represent in the aggregate, on an as-converted basis, approximately
For further information, please contact Investor Relations, Jushi Holdings Inc., investors@jushico.com.
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 vertically integrated cannabis company led by an industry leading management team. In the United States, Jushi is focused on building a multi-state portfolio of branded cannabis-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 ecosystem. For more information, visit 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
561-281-0247
Investors@jushico.com
Media Contact:
Ellen Mellody
MATTIO Communications
570-209-2947
Ellen@Mattio.com
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