---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-032004"
form_type: "8-K"
ticker: "JUSHF"
cik: "0001909747"
company_name: "Jushi Holdings Inc."
filed_at: "2022-12-15T23:59:59+00:00"
generated_at: "2026-06-21T04:23:05.763294+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Jushi closes additional $3M notes tranche for total $72M; secures $10M equipment facility and $1.9M mortgage draw

## Summary
- Second tranche closed Dec 9, 2022: $3M additional 12% second lien notes and 719,080 warrants to CEO Jim Cacioppo; total proceeds now $72M.
- Notes mature Dec 7, 2026, pay 12% cash quarterly; warrants at $2.086, 50% coverage, 4-year term.
- $1.5M in additional subscriptions pending close; CEO and significant stockholder Denis Arsenault participated in earlier tranche ($14.4M).
- Secured $10M equipment lease financing commitment from XS Financial; expects ~$2M sale-leaseback of equipment.
- Plans to draw $1.9M on Arlington, VA real estate mortgage in Q1 2023.

## SEC filing metadata
- accession: 0001628280-22-032004
- form_type: 8-K
- ticker: JUSHF
- cik: 0001909747
- company_name: Jushi Holdings Inc.
- filed_at: 2022-12-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1909747/000162828022032004/0001628280-22-032004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1909747/000162828022032004/jush-20221209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-032004
- JSON: https://secwatch.observer/filing/0001628280-22-032004.json
- Plain text: https://secwatch.observer/filing/0001628280-22-032004.txt

## Key facts
- Debt Financings
  Jushi Holdings Inc. incurred senior notes of additional aggregate principal amount of $3 million of Notes with James A. Cacioppo.
  - Instrument: senior notes
  - Principal: additional aggregate principal amount of $3 million of Notes
  - Counterparty: James A. Cacioppo
  - Event: incurrence
  source text: On December 9, 2022 (the “Second Tranche Closing Date”), the Company closed on a second tranche of the Offering for an additional aggregate principal amount of $3 million of Notes and 719,080 Warrants purchased by James A. Cacioppo, the Company’s Chief Executive Officer, Chairman and Founder.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1909747/000162828022032004/0001628280-22-032004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.