Fundz

Jushi Holdings Inc. Announces Closing Of Us$69 Million Debt Financing

PUBLIC · JUSHDec 08, 2022

Amount Raised

$69 Million

Round Type

Debt Financing

Boca RatonAgriculture and FarmingCannabis

Description

Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCQX: JUSHF), a vertically integrated, multi-state cannabis operator, today announced the closing of its previously announced private offering (the “Offering”) of approximately US$69 million aggregate principal amount of its 12% second lien notes (“Notes”) and detached warrants to purchase up to approximately 16 million of the Company’s subordinate voting shares at an exercise price of US$2.086 (the “Warrants”). The Company used the gross proceeds from the Offering of US$69 million, together with approximately US$9 million of cash on hand, to repurchase and redeem all of its outstanding existing 10% senior secured notes due January 2023 (the “2023 Notes”) and pay accrued interest, fees and expenses. The Company has also received subscriptions for an additional US$5 million to be closed at a later date.

Quick answer

Jushi raised $69 Million in a Debt Financing round, dated December 8, 2022. Jushi is based in Boca Raton, Montana, United States.

How much did Jushi raise?
Jushi raised $69 Million in a Debt Financing round on December 8, 2022.
What does Jushi do?
Jushi Holdings, Inc. is striving to be a world-class leader in cannabis.
Where is Jushi based and how big is it?
Jushi is based in Boca Raton, Montana, United States.

Source: Fundz verified event record.

Who else raised in Agriculture and Farming and Cannabis around the same time

Companies in the same sectors as Jushi that raised within 45 days of this round, from Fundz verified event records.

  • Trulieve raised $72M (Funding Round) on December 21, 2022.
  • Evigence raised $18M (Series B) on January 17, 2023.
  • Terramera raised $6M (Seed) on January 17, 2023.
  • ReelData AI raised $8M (Series A) on January 11, 2023.
  • GrowerIQ raised an undisclosed amount (Funding Round) on January 10, 2023.
  • PBS Biotech raised $22M (Funding Round) on January 9, 2023.

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Company Information

Company

Jushi

Location

Boca Raton, Montana, United States

About

Jushi Holdings, Inc. is striving to be a world-class leader in cannabis. Our mission is to create an integrated global community of wellness, mindfulness, and connections through superior quality #cannabis products. Our industry leading solutions bring strong branding and trusted products to a quickly growing industry

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