11:28 AM EST - Jushi Holdings Inc. : And One East Partners, LP, an asset management company jointly announce the acquisition by One East of 300,000 Class B subordinate voting shares of Jushi at price of CAD $2.20 per Subordinate Voting Share, for a total aggregate purchase price of CAD $660,000, pursuant to a private agreement exemption. One East purchased such Subordinate Voting Shares from two sellers and at a price less than 115% of the market price, in accordance with National Instrument 62-104 – Take-Over Bids and Issuer Bids. The transaction was completed by One East, where Jim Cacioppo serves as Managing Director and sole partner. Mr. Cacioppo is also the CEO and Chairman of Jushi Holdings Inc. As a result of this transaction, Jim Cacioppo, together with his joint actors, currently own 114,000 Class A super voting shares of the Company and 1,656,092 Subordinate Voting Shares. Such shares give Mr. Cacioppo an approximately 41.62% voting interest in the Company (based on the number of votes attributable to all issued and outstanding shares of each class of shares of the Company) and represent approximately 25.37% of the issued and outstanding Subordinate Voting Shares, assuming conversion of all convertible securities of Jushi held by Mr. Cacioppo into Subordinate Voting Shares but otherwise on a non-diluted basis. Jim Cacioppo commented, "This off-market purchase of Jushi shares via One East is reflective of my confidence in the Company's expansive vision of creating an integrated global cannabis and hemp operator". Jushi Holdings Inc.
shares JUSH.B:AQN are trading unchanged at $2.30.
