---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-011401"
form_type: "8-K"
ticker: "JUSHF"
cik: "0001909747"
company_name: "Jushi Holdings Inc."
filed_at: "2023-04-12T23:59:59+00:00"
generated_at: "2026-06-17T03:20:05.629521+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Jushi Holdings closes $20M secured loan with FVCbank; funds for working capital

## Summary
- Loan of $20M with 5-year term, secured by cultivation/manufacturing facility in Manassas, VA.
- Interest rate: 30-day avg SOFR + 3.55%, floor 8.25%.
- $3.2M held back as payment reserve for one year; $2M available after one year if conditions met.
- $1.1275M held back subject to conditions related to existing construction on the Property.
- CEO Jim Cacioppo states non-dilutive financing strengthens balance sheet and supports 2023 growth.

## SEC filing metadata
- accession: 0001628280-23-011401
- form_type: 8-K
- ticker: JUSHF
- cik: 0001909747
- company_name: Jushi Holdings Inc.
- filed_at: 2023-04-12T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1909747/000162828023011401/0001628280-23-011401-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1909747/000162828023011401/jush-20230406.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-011401
- JSON: https://secwatch.observer/filing/0001628280-23-011401.json
- Plain text: https://secwatch.observer/filing/0001628280-23-011401.txt

## Key facts
- Debt Financings
  Jushi Holdings Inc. incurred loan of twenty million dollars ($20,000,000) with FVCbank at 30-day average secured overnight financing rate plus 3.55%, with a floor rate of maturing five (5) year term.
  - Instrument: loan
  - Principal: twenty million dollars ($20,000,000)
  - Counterparty: FVCbank
  - Rate: 30-day average secured overnight financing rate plus 3.55%, with a floor rate of
  - Maturity: five (5) year term
  - Event: incurrence
  source text: On April 6, 2023, subsidiaries of Jushi Holdings Inc. (the “Company”) entered into a loan agreement (the “Loan Agreement”) with FVCbank (the “Lender”) for a commercial loan in an aggregate principal amount of twenty million dollars ($20,000,000) (the “Loan”). The Loan has a five (5) year term and is principally secured by the Company’s cultivation and manufacturing facility located in Manassas, Virginia (the “Property”). The Loan will bear interest based on the 30-day average secured overnight financing rate plus 3.55%, with a floor rate of not less than 8.25%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1909747/000162828023011401/0001628280-23-011401-index.htm
- Material Agreements
  Jushi Holdings Inc. entered into Loan Agreement with FVCbank valued at twenty million dollars ($20,000,000) (effective 2023-04-06).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: FVCbank
  - Value: twenty million dollars ($20,000,000)
  - Effective: 2023-04-06
  source text: On April 6, 2023, subsidiaries of Jushi Holdings Inc. (the “Company”) entered into a loan agreement (the “Loan Agreement”) with FVCbank (the “Lender”) for a commercial loan in an aggregate principal amount of twenty million dollars ($20,000,000) (the “Loan”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1909747/000162828023011401/0001628280-23-011401-index.htm

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