Jushi Holdings expands footprint through Nevada Apothecarium acquisition

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The cannabis MSO adds to its ever-increasing portfolio in the US

Multi-state vertically integrated cannabis operator, Jushi Holdings, recently announced that it has finally made the necessary paperwork to complete its previously announced acquisition of 100% of The Apothecarium in Las Vegas, NV. This entity operates a retail dispensary covering both the recreational and medical markets in The Sin City.

The Apothecarium acquisition, coupled with the purchase a year ago of Franklin Bioscience NV, LLC, a holder of medical and adult-use cannabis cultivation, processing and distribution licenses, has cleared the way for Jushi to integrate into the Silver State vertically. In addition, it has given the company relevant brand exposure for the high-quality product lines operating under its banner. These include The Lab, The Bank, Tasteology, and others. Nevada now represents Jushi’s fourth vertically integrated state, joining the list with Virginia, Massachusetts and Pennsylvania (through its affiliated subsidiaries).

“We are excited to add Apothecarium Nevada to our growing retail network, marking our first Nevada dispensary, located off the iconic Las Vegas strip,” commented Jim Cacioppo, CEO, president, and founder of Jushi. “This acquisition, along with the previously announced NuLeaf, Inc. acquisition, which is expected to close early in the second quarter of 2022, represents a major step forward in executing our strategic growth plans in Nevada.”

Cacioppo added that the company expects to be able to unlock various wholesale and retail opportunities in this market, including expanding access to its various brands and in-house products that it has been offering for several years now. The idea is to work closely with Apothecarium’s management team to continue to enhance and redefine the retail experience in one of the most relevant markets in the country.