TORONTO, April 17, 2018 /CNW/ – Cannabis Growth Opportunity Corporation (the “Corporation”) (CSE: CGOC) a cannabis focused investment corporation with both public and private cannabis holdings, announces it has invested in Jushi Inc., a well-funded US consolidator that takes direct ownership stakes in cannabis operators. Jushi and its affiliates have franchise agreements in Florida, Nevada, Michigan, Oregon and Illinois including a royalty agreement with OrganiGram Holdings Inc. (TSX-V:OGI) and a minority ownership in one of ten New York based medical cannabis companies.
“The board and management of Jushi Inc. are proven and experienced investment and cannabis executives who will play a key role in the consolidation of the US cannabis industry and we are excited to help enable their strategy.” said Jamie Blundell, President and COO of Cannabis Growth Opportunity Corporation.
“We are thrilled to be working with CGOC and look forward to their ongoing support as we build Jushi Inc. into a leading US national cannabis company. We look forward to leveraging CGOC’s broad retail shareholder base and network of international cannabis companies.” said James Cacioppo, Chief Executive Officer of Jushi Inc.
About Cannabis Growth Opportunity Corporation
The Corporation is a unique investment corporation incorporated under the laws of Canada. The Corporation’s investment objectives are to provide holders of common shares long-term total return through capital appreciation by investing in an actively managed portfolio of securities of public and private companies operating in, or that derive a portion of their revenue or earnings from, products or services related to the cannabis industry.
About Jushi Inc.
Jushi Inc. (“Jushi” or the “Company”) is a United States focused company, offering investors the opportunity to gain diversified exposure to top tier U.S. based operators through its majority ownership of TGS National Holdings and strategic partnership with top Colorado cannabis operator The Green Solution. The Company has contractual rights to The Green Solution and Nectar Bee brands outside of Colorado via its ownership of franchisor TGS National and also serves as a strategic lender to TGS Colorado. Furthermore, the company takes direct ownership stakes in state-licensed cannabis operators.
SOURCE Cannabis Growth Opportunity Corporation
For further information: Jamie Blundell, President and Chief Operating Officer, Cannabis Growth Opportunity Corporation, 647-946-2205, firstname.lastname@example.org; Jon Barack, EVP, Business Development, Jushi, Inc., 561-210-4648, email@example.com