Jushi Holdings Inc. Secures Additional $4 Million in Loan Proceeds and Extends Maturity Date to 2030 with FVCBank
Reuters
Sep 22
Jushi Holdings Inc. Secures Additional $4 Million in Loan Proceeds and Extends Maturity Date to 2030 with FVCBank
Jushi Holdings Inc., a multi-state cannabis operator, has announced favorable amendments to its existing secured commercial loan with FVCBank. The company has secured an additional $4 million in loan proceeds, and the maturity date of the loan has been extended to September 18, 2030. Additionally, the interest rate floor has been reduced from 8.25% to 7.50%. This capital infusion aims to support Jushi Holdings' growth initiatives by bolstering its balance sheet, with the funds earmarked for capital expenditures, working capital, and other corporate purposes. The loan continues to be secured by the company's cultivation and manufacturing facility in Manassas, Virginia.
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