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Jushi Holdings Inc.

10:33 AM EST - Jushi Holdings Inc. : Announced that after an intensive vetting process, its subsidiary has been selected to move forward in the merit-based application process for a storefront retail (and ancillary delivery) permit in Culver City, California. The Company will proceed by preparing a conditional use permit application for submission to the city. Of the 23 retail storefront applications submitted, Jushi was chosen as one of only three to receive this approval. The Company intends to build a ground-up structure approximately 500 feet away from Interstate 405 at the corner of Venice and Sepulveda Boulevards. The 3800 Sepulveda Boulevard location provides convenient access to the residents of Culver City and adjacent City of Los Angeles, a premier opportunity for retail and delivery operations. "Our award in Culver City falls in line with our strategy to apply in limited license jurisdictions within large markets such as California," stated Jim Cacioppo, CEO and Chairman of Jushi. Jushi Holdings Inc. shares JUSH.B:AQN are trading up 4 cents at $2.54.