Jushi Holdings Announces Update on Expansion Project at Pennsylvania Grower-Processor Facility
The company commences first phase of expansion, adding at completion 40,000 square feet to the existing 89,000-sqaure-foot facility.
BOCA RATON, Fla., April 1, 2021 (GLOBE NEWSWIRE) – PRESS RELEASE –Jushi Holdings Inc. (CSE: JUSH) (OTCMKTS: JUSHF), a vertically integrated, multistate cannabis operator, announced the first phase of its previously announced expansion project at its Pennsylvania cultivation facility located in Scranton, Pennsylvania. The company’s wholly owned subsidiary, Pennsylvania Medical Solutions, LLC (PAMS), has entered into an amendment of its existing lease with Innovative Industrial Properties, Inc. (IIP), making available an additional $30 million in funding for the first phase of property development of the facility. The funding will be used to complete the buildout of the existing 89,000-square-foot building and an approximately 40,000-square-foot expansio