Cannabis MSO Jushi seeks to raise up to $397.3 million

Be at the forefront of cannabis and psychedelics science and innovation. Register by March 14 & Save $100 on tickets to The Emerald Conference by MJBiz Science, April 1-3 in San Diego.

Marijuana multistate operator Jushi Holdings plans to raise up to 500 million Canadian dollars ($397.3 million) by way of a new preliminary short form base shelf prospectus filed in Canada.

The funding will be used “in order to maintain financial flexibility, including for responding to significant regulatory improvements and pursuing opportunistic acquisitions,” Florida-based Jushi said Thursday in a news release.

After the shelf prospectus is finalized, Jushi will raise the CA$500 million through a combination of subordinate voting shares, subscription receipts, debt securities, convertible securities, warrants, and units over a 25-month period.

Jushi secured a $100 million credit facility in October.

The company has been expanding in markets such as Massachusetts, Nevada and Ohio.

Stay informed with MJBiz Newsletters

MJBiz’s family of newsletters gives cannabis professionals an edge in this rapidly changing industry.

Featured newsletters:
  • MJBizDaily: Business news for cannabis leaders in your inbox each morning
  • MJBiz Cultivator: Insights for wholesale cannabis growers & vertically integrated businesses
  • MJBizCon Buzz: Behind-the-scenes buzz on everything MJBizCon
  • MJBiz Retail + Brand: New products, trends and news for cannabis retailers, distributors and marketers
  • Hemp Industry Week: Roundup of news from hemp farming to CBD product manufacturing
  • And more!


The company trades on the Canadian Securities Exchange under the ticker symbol JUSH and as JUSHF on the U.S. over-the-counter markets.