secwatch.observer — SEC 8-K summary
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Issuer:     Jushi Holdings Inc. (JUSHF)
CIK:        0001909747
Form:       8-K
Filed at:   2022-12-15T23:59:59+00:00
Accession:  0001628280-22-032004
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1909747/000162828022032004/0001628280-22-032004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1909747/000162828022032004/jush-20221209.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-032004

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