Jushi Holdings Inc. (“Jushi” or the
“Company”) (CSE: JUSH)
(OTCMKTS: JUSHF), a
vertically integrated, multi-state cannabis operator, announced it
will sponsor six events with the Laundry Project, a movement by
Current Initiatives, a 501(c)(3) not-for-profit charitable
organization that is committed to educating and mobilizing
communities to be “Hope Dealers” through the Laundry Project, Hope
For Homes Project and Affordable Christmas initiatives.
As part of Jushi’s sponsorship, the Company has
funded Laundry Project events to assist lower-income families in
meeting a basic need: washing clothes and linens. The Company has
committed to sponsoring six separate events over the next six
months with the Laundry Project. The first event will be held on
Thursday, November 19th at the South Side Laundromat in Scranton,
Pennsylvania. In addition to the financial sponsorship, team
members from BEYOND / HELLO Scranton and the Company’s subsidiary
Pennsylvania Medical Solutions’ cultivation, manufacturing and
processing facility in Scranton, along with the Laundry Project
team, will be on site to pay for and assist families with laundry
services, entertain children and create a caring space at the
laundromat during the event. These events will be conducted with
all appropriate COVID-19 related safety precautions in place.
Jim Cacioppo, Chief Executive Officer, Chairman
and Founder of Jushi: “In partnership with our friends at the
Laundry Project, we hope to turn laundromats into community centers
of hope and help families. Clean laundry is not just an on-going
financial burden for many families due to low income or being out
of work due to the crisis, but is also a contributing factor to
health and wellness. As part of our mission, we are committed to
bolstering the health and wellness of families in communities we
serve like Scranton. As we look for impactful ways to give back, we
look forward to continuing to host events like this with the
Laundry Project and others in the future.”
“We are eagerly looking forward to expanding our
complimentary Laundry Project services to support the residents of
Pennsylvania,” said President of Current Initiatives, Jason Sowell.
“We are thankful for partners like Jushi who share the same
mission of serving those who are struggling, especially as we
continue to navigate the ongoing impact of the COVID-19 global
pandemic.”
For more information, visit https://jushico.com/
and www.laundrybycurrent.org.
About Jushi Holdings Inc.We are
a vertically integrated cannabis company led by an industry leading
management team. In the United States, Jushi is focused on building
a multi-state portfolio of branded cannabis assets through
opportunistic acquisitions, distressed workouts, and competitive
applications. Jushi strives to maximize shareholder value while
delivering high quality products across all levels of the cannabis
ecosystem. For more information please visit www.jushico.com or our
social media channels, Instagram, Facebook, Twitter, and
LinkedIn.
Forward-Looking Information and
Statements
This press release contains certain
"forward-looking information" within the meaning of applicable
Canadian securities legislation and may also contain statements
that may constitute "forward-looking statements" within the meaning
of the safe harbor provisions of the United States Private
Securities Litigation Reform Act of 1995. Such forward-looking
information and forward-looking statements are not representative
of historical facts or information or current conditions but
instead represent only the Company’s beliefs regarding future
events, plans or objectives, many of which, by their nature,
involve estimates, projections, plans, goals, forecasts and
assumptions that may prove to be inaccurate. As a result, actual
results could differ materially from those expressed by such
forward-looking statements and such statements should not be relied
upon. Generally, such forward-looking information or
forward-looking statements can be identified by the use of
forward-looking terminology such as “plans,” “expects” or “does not
expect,” “is expected,” “budget,” “scheduled,” “estimates,”
“forecasts,” “intends,” “anticipates” or “does not anticipate,” or
“believes,” or variations of such words and phrases or may contain
statements that certain actions, events or results “may,” “could,”
“would,” “might” or “will be taken,” “will continue,” “will occur”
or “will be achieved”.
By identifying such information and statements
in this manner, the Company is alerting the reader that such
information and statements are subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
information and statements. In addition, in connection with the
forward-looking information and forward-looking statements
contained in this press release, the Company has certain
expectations and has made certain assumptions. Key expectations and
assumptions made by the Company include, but are not limited to:
the continued performance of existing operations in Pennsylvania,
Illinois and Nevada, the anticipated opening of additional
dispensaries in 2020 and 2021, the expansion and optimization of
the grower-processor in Pennsylvania and the facility in Nevada,
the opening of new facilities in Ohio and Virginia and two
dispensaries in California, which are subject to licensing
approval. Among the key factors that could cause actual results to
differ materially from those projected in the forward-looking
information and statements are the following: the ability of Jushi
to successfully achieve business objectives, including with
regulatory bodies, employees, suppliers, customers and competitors;
changes in general economic, business and political conditions,
including changes in the financial markets; changes in applicable
laws; and compliance with extensive government regulation, as well
as other risks and uncertainties which are more fully described in
the Company’s Management, Discussion and Analysis for the six
months ended June 30, 2020, and other filings with securities and
regulatory authorities which are available at www.sedar.com. Should
one or more of these risks, uncertainties or other factors
materialize, or should assumptions underlying the forward-looking
information or statements prove incorrect, actual results may vary
materially from those described herein as intended, planned,
anticipated, believed, estimated or expected.
The forward-looking information and
forward-looking statements contained in this press release are made
as of the date of this press release, and the Company does not
undertake to update any forward-looking information and/or
forward-looking statements that are contained or referenced herein,
except in accordance with applicable securities laws. All
subsequent written and oral forward-looking information and
statements attributable to the Company or persons acting on its
behalf is expressly qualified in its entirety by this notice.
For further information, please
contact:
Investor Relations Contact:Michael
PerlmanExecutive Vice President of Investor Relations and
Treasury561-453-1308Investors@jushico.com
Media Contact:Ellen MellodyMATTIO
Communications570-209-2947Ellen@Mattio.com
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