10:29 AM EST - Jushi Holdings Inc. : Announced that its subsidiary Production Excellence, LLC has received local City of North Las Vegas authorization to enter the greater Las Vegas, Nevada market under a management services agreement with Franklin Bioscience NV, LLC. Pursuant to the transaction, Jushi has also completed the purchase of the real estate associated with Franklin Bioscience Nevada's facility in North Las Vegas, Nevada. Production Excellence has also entered into a purchase agreement to acquire 100% equity ownership of Franklin Bioscience Nevada, subject to state and local approvals. An application for change of ownership has already been submitted with the State of Nevada Department of Taxation and is pending. As consideration for the acquisition, Production Excellence will purchase Franklin Bioscience NV, LLC's licenses and related real estate for an aggregate purchase price of US$9.0 million in a combination of US$6.4 million in cash and US$2.6 million in promissory notes. Jushi Holdings Inc.
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