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Jushi Holdings Inc. Awarded Provisional Medical Marijuana Dispensary License in Ohio; Establishes Fifth Vertically Integrated State-Level Operation

Retrieved on: 
Wednesday, May 18, 2022

BOCA RATON, Fla., May 18, 2022 (GLOBE NEWSWIRE) -- Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCQX: JUSHF), a vertically integrated, multi-state cannabis operator, announced that Campbell Hill Ventures, LLC (“Campbell Hill Ventures”), the Company’s 100% owned subsidiary, has been awarded a provisional medical marijuana dispensary license (the “License”) by the Ohio Medical Marijuana Control Program. The License is designated for 693 Old State Route 74 in Clermont County, Ohio, located just 17.5 miles east of Cincinnati2. The new store will operate under Jushi’s retail brand, BEYOND / HELLO™, and marks the Company’s first retail location in the Buckeye State. This will be the Company’s fifth vertically integrated state, accompanying Pennsylvania (by way of its affiliated subsidiaries), Virginia, Massachusetts, and Nevada. This summer, the Company plans to begin construction on the BEYOND / HELLO™ Cincinnati store and expects the store to be open by Q1 2023.

Key Points: 
  • BOCA RATON, Fla., May 18, 2022 (GLOBE NEWSWIRE) -- Jushi Holdings Inc. (Jushi or the Company) (CSE: JUSH ) ( OTCQX: JUSHF ), a vertically integrated, multi-state cannabis operator, announced that Campbell Hill Ventures, LLC (Campbell Hill Ventures), the Companys 100% owned subsidiary, has been awarded a provisional medical marijuana dispensary license (the License) by the Ohio Medical Marijuana Control Program.
  • This will be the Companys fifth vertically integrated state, accompanying Pennsylvania (by way of its affiliated subsidiaries), Virginia, Massachusetts, and Nevada.
  • We are very pleased with the outcome of the lottery selection, which allows Jushi to open its first licensed medical dispensary in Ohio and establish our fifth vertically integrated market.
  • With this newly awarded retail license, along with our existing state-of-the-art cultivation and processing assets, Jushi is well-positioned to support the rapidly evolving Ohio medical market.