Jushi Holdings Inc. Closes Acquisition of Dalitso LLC Facility and Land in Prince William

Jushi Holdings Inc. Closes Acquisition of Dalitso LLC Facility and Land in Prince William County, VA Acquisition Includes a 93,000 sq. ft. Facility and Nine Acres of Land 

Establishes Strong Footprint in Virginia to Produce a Consistent Supply of Medical Cannabis Products  

Boca Raton, Florida – May 5, 2021 – Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCMKTS:  JUSHF), a vertically integrated, multi-state cannabis operator, reported it has closed the previously announced  acquisition of a 93,000 sq. ft. facility (the “Facility”), operated by its wholly-owned subsidiary and Virginia-based  pharmaceutical processor, Dalitso LLC (“Dalitso”), together with approximately nine acres of surrounding land  in Prince William County, Virginia, for approximately $22 million (the “Acquisition”). The Acquisition, together  with Dalitso’s planned buildout of the Facility, enables Dalitso to efficiently produce a consistent supply of  medical cannabis products as patient access improves and the medical cannabis program continues to mature  and expand. 

“We are thrilled to complete this acquisition and solidify our position in Virginia’s medical cannabis market  ahead of the introduction of adult-use sales,” said Jim Cacioppo, Chief Executive Officer, Chairman, and Founder  of Jushi. “The Virginia cannabis market remains an area of strategic focus for Jushi and we will work diligently to ensure Dalitso appropriately scales up its cultivation and processing capacity to meet the anticipated patient  and future consumer demand of a growing program. We believe that by combining great cultivation and  processing with our industry leading retail experience and high-quality brands, we have assembled the right  assets to lead in this important Mid-Atlantic market.”  

In December 2020, Jushi announced it completed the acquisition of the remaining 21% of the issued and  outstanding equity of Dalitso, bringing its ownership to 100%. Jushi also announced in December 2020 that  Dalitso had commenced operations at the Manassas facility and officially began serving patients at its BEYOND  / HELLO Manassas location. 

Dalitso is one of only five applicants to have received conditional approval for a pharmaceutical processor permit  issued by the Virginia Board of Pharmacy, and one of only four to have received final approval and permit  issuance in the Commonwealth. Dalitso’s permit allows Dalitso to cultivate, process, dispense, and deliver  medical cannabis to registered patients in Virginia. The designated area for Dalitso to operate is Health Service  Area II, in Northern Virginia, which includes two of Virginia’s most densely populated counties, Fairfax and Prince  William, and has a population of approximately 2.5 million people or nearly 30% of the state’s total population  according to the U.S. Census Bureau. 

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-derived 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 jushico.com, twitter.com/wearejushi and beyond-hello.com. 

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