Jushi Holdings Inc.

11:02 AM EST - Jushi Holdings Inc. : Announced the closing of the Company's previously announced acquisition of the majority of the membership interests in Dalitso LLC ("Dalitso"), a Virginia-based pharmaceutical processor for medical cannabis extracts. Dalitso is currently one of only five applicants to receive conditional approval for a permit issued by the Virginia Board of Pharmacy to cultivate and process medical cannabis, and to dispense and deliver CBD oil and THC-A oil extracts in Virginia. Dalitso's conditional approval is for the northeast region of Virginia, covering approximately 28.2% of the state's total population. The Company is developing a facility in Prince William County, near the City of Manassas. Jim Cacioppo, Jushi CEO and Chairman, commented, "I am proud of the Jushi team and want to thank Farzana Kennedy and the Dalitso team for working to close the transaction in short order. The Commonwealth and region in which we have received our conditional approval to operate falls in line with our strategy to enter limited license states and jurisdictions on the east and west coast. Additionally, we look forward to working with Farzana and her team to provide high-quality medical cannabis products to North Virginia patients and allowing for a better and healthier quality of life." Jushi Holdings Inc. shares JUSH.B:AQN are trading off 11 cents at $2.00.