The latest announcement is out from Jushi Holdings ( (TSE:JUSH) ).
Jushi Holdings Inc. announced the receipt of approximately US$5.1 million from factoring Employee Retention Credits (ERC) refund claims and plans to sell additional second lien notes for net proceeds of US$4.6 million. This strategic move aims to enhance Jushi’s capital structure by providing immediate liquidity for continued investment in its operations and improving financial stability. The issuance of second lien notes includes participation from key company affiliates, making it a related party transaction under Canadian regulations, yet it ensures further financial backing for Jushi’s growth and stability.
More about Jushi Holdings
Jushi Holdings Inc. is a vertically integrated, multi-state cannabis operator involved in the cannabis industry. The company focuses on providing cannabis products and services across various states, positioning itself as a significant player in the cannabis market.
YTD Price Performance: 17.02%
Average Trading Volume: 85,979
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$108.2M
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