Jushi Holdings Inc, a vertically integrated, multi-state cannabis operator, reported it has closed the previously announced acquisition of a 93,000 sq. ft. facility, operated by its wholly-owned subsidiary and Virginia-based pharmaceutical processor, Dalitso LLC together with approximately nine acres of surrounding land in Prince William County, Virginia, for approximately $22 million. The Acquisition, together with Dalitso’s planned buildout of the Facility, enables Dalitso to efficiently produce a consistent supply of medical cannabis products as patient access improves and the medical cannabis program continues to mature and expand. In December 2020, Jushi announced it completed the acquisition of the remaining 21% of the issued and outstanding equity of Dalitso, bringing its ownership to 100%. Jushi also announced in December 2020 that Dalitso had commenced operations at the Manassas facility and officially began serving patients at its BEYOND / HELLO Manassas location.

Published Ncv Newswire, New Cannabis Ventures, 05/05/2021 09:37:00

Open article: https://www.newcannabisventures.com/jushi-holdings-inc-closes-acquisition-of-dalitso-llc-facility-and-land-in-prince-william-county-va/