Jushi Holdings Inc. (CSE: JUSH) (OTCQX: JUSHF) is buying the adult-use and medical retail dispensary called The Apothecarium in Las Vegas, Nevada. The Apothecarium Nevada acquisition, together with the April 2021 purchase of Franklin Bioscience NV, LLC, a holder of medical and adult-use cannabis cultivation, processing, and distribution licenses, will enable Jushi to become vertically integrated in Nevada, as well as provide significant branding exposure for Jushi’s high-quality product lines, including The Bank, The Lab, Tasteology and Sѐche.
Jushi’s Chief Executive Officer, Chairman, and Founder Jim Cacioppo said, “The acquisition of Apothecarium Nevada represents an attractive opportunity for Jushi to establish its first retail store in this large, strategic Western market. Apothecarium Nevada is well aligned with our best-in-class retail approach and will continue to provide patients and consumers with the same elevated in-store experience they have come to expect from our other BEYOND / HELLOTM retail locations. Together with the expansion of our cultivation, processing and distribution facility that is currently underway, the acquisition of Apothecarium Nevada will extend our reach with a convenient location off the strip in downtown Las Vegas. We look forward to working with Apothecarium Nevada’s management team and talented workforce as we further expand our footprint in this high-growth, limited license market.”
This will be Jushi’s fourth vertically integrated state, accompanying Pennsylvania (by way of its affiliated subsidiaries), Virginia, and Massachusetts.