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Jushi Holdings Inc. (JUSHF) Completes Previously Announced Acquisition of Established Nevada Operator

Jushi Holdings Inc. (JUSHF) Completes Previously Announced Acquisition of Established Nevada Operator
streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.

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Innovative Industrial Properties, Inc. (IIPR) Expands Real Estate Partnership with Jushi Holdings Inc.


Innovative Industrial Properties Expands Real Estate Partnership with Jushi Holdings Inc. Subsidiary at Pennsylvania Grower-Processor Facility
 
Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it entered into an amendment of the lease with a subsidiary of Jushi Holdings Inc. (Jushi) (CSE: JUSH; OTCMKTS: JUSHF) at its Scranton, Pennsylvania grower-processor facility (the Facility), making available an additional $30.0 million in funding for the completion of the buildout of the existing 89,000 square foot building and approximately 40,000 square foot expansion of the Facility, and adjusted the base rent under the lease to take into account the additional available funding. Assuming full payment of the additional funding and completion of the expansion, IIP’s total investment in the approximate 129,000 square foot Faci ....

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Jushi Holdings Inc. (JUSHF) Completes Previously Announced Acquisition of Established Nevada Operator

Jushi Holdings Inc. (JUSHF) Completes Previously Announced Acquisition of Established Nevada Operator
dailyherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyherald.com Daily Mail and Mail on Sunday newspapers.

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Jushi Holdings Inc. Completes Previously Announced Acquisition of Established Nevada Operator


), a vertically integrated, multi-state cannabis operator, announced that its subsidiary, Production Excellence, LLC ( Production Excellence ), has completed the previously announced acquisition on July 25, 2019 of 100% of the equity of Franklin Bioscience NV, LLC ( FBS Nevada ). FBS Nevada holds medical and adult-use cannabis cultivation, processing, and distribution licenses issued by the Nevada Cannabis Control Board and currently operates cultivation, production and distribution facilities in North Las Vegas, Nevada. Jushi also owns the real estate associated with FBS Nevada s facilities in North Las Vegas, Nevada. The facilities acquired include two adjacent buildings with cultivation, manufacturing and distribution capabilities.
In July 2019, the Company s subsidiary, Production Excellence, entered into the Nevada market under a management services agreement with FBS Nevada. FBS Nevada operates one of the two 7,500 square foot adjacent facilities and has upgraded the fac ....

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Jushi Holdings Inc. Announces Update on Expansion Project at Pennsylvania Grower-Processor Facility


), a vertically integrated, multi-state cannabis operator, announced the first phase of its previously announced expansion project (the “Expansion Project”) at its Pennsylvania cultivation facility (the “Facility”) located in Scranton, PA. 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”) (NYSE: IIPR), 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 sq. ft. building and an approximately 40,000 sq. ft. expansion of the Facility for a total of 130,000 sq. ft. The first phase of the expansion, with an estimated budget of approximately $40 million, is expected to add approximately 26,000 sq. ft. of canopy for a total of 45,000 sq. ft. and is expected to be completed by the fourth quarter of 20 ....

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