Jushi Holdings Inc. Announces Update on Expansion Project at Pennsylvania Grower-Processor Facility - Seite 2

“We are excited to officially commence the first phase of expansion at our subsidiary’s Pennsylvania grower-processor facility,” said Jim Cacioppo, Chief Executive Officer, Chairman and Founder of Jushi. “We continue to see strong growth in the Pennsylvania medical market and this expansion will allow PAMS to significantly increase its canopy space and production capacity to solidify availability of its award-winning, high-quality branded suite of products to both our eleven BEYOND / HELLO medical marijuana dispensaries as well as into the wholesale market across an approximately one hundred medical marijuana dispensaries operating in the Commonwealth. This expansion is also expected to create over 100 new jobs and generate additional tax dollars in the Scranton region. We appreciate the strong support of IIP as a long-term real estate capital partner, teaming with us to provide strategic real estate capital at an opportune time for our continued expansion in Pennsylvania.”

The Facility produces high-quality, indoor grown flower, extracts, and concentrates and is strategically located within minutes of Interstate 81, Interstate 84 and the Pennsylvania Turnpike, enabling efficient distribution to the 111 dispensaries currently operating across the Commonwealth, including the Company’s eleven operational BEYOND / HELLO dispensaries.

About Innovative Industrial Properties

Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017. Additional information is available at innovativeindustrialproperties.com.

About Jushi Holdings Inc.

We are a vertically integrated cannabis company led by an industry-leading management team. In the United States, Jushi is focused on building a multi-state portfolio of branded cannabis assets through opportunistic acquisitions, distressed workouts, and competitive applications. Jushi strives to maximize shareholder value while delivering high-quality products across all levels of the cannabis ecosystem. For more information, please visit jushico.com or our social media channels, Instagram, Facebook, Twitter, and LinkedIn.