Jushi is now a vertically integrated operator in Nevada, thanks to the closing of its acquisition of The Apothecarium, a Las Vegas dispensary. This marks the fourth state in which Jushi has consolidated a vertically integrated business.
The dispensary buy will be paired with Jushi’s earlier acquisition of Franklin Bioscience NV, which holds cultivation, processing and distribution licenses.
“We are excited to add Apothecarium Nevada to our growing retail network, marking our first Nevada dispensary, located off the iconic Las Vegas strip,” CEO Jim Cacioppo said in a public statement. “This acquisition, along with the previously announced NuLeaf, Inc. acquisition, which is expected to close early second quarter of 2022, represents a major step forward in executing our strategic growth plans in Nevada. We look forward to unlocking strategic retail and wholesale opportunities in this market, including expanding access to our in-house, high-quality brands and products with our newly cemented vertically integrated model.”
Jushi’s Q4 and full-year 2021 financial results will be shared via conference call on March 24.
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