Florida-based cannabis multistate operator Jushi Holdings said it has closed a private offering with proceeds of $72 million.
The offering of 12% notes and share purchase warrants was originally announced in November, with commitments worth $68 million.
ADVERTISEMENT
Last week, Jushi said it had closed the private offering with proceeds of $69 million.
But Monday, the company announced that it had raised another $3 million, bringing the total to $72 million.
The notes mature in December 2026.
ADVERTISEMENT
Jushi previously said it would use the proceeds to redeem 10% senior secured notes maturing in January 2023.
Any remaining proceeds will be used for general corporate purposes, “including but not limited to working capital, capital expenditures and potential acquisitions.”
Read full article on Marijuana Business Daily
