secwatch.observer — SEC 8-K summary
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Issuer:     Jushi Holdings Inc. (JUSHF)
CIK:        0001909747
Form:       8-K
Filed at:   2023-04-12T23:59:59+00:00
Accession:  0001628280-23-011401
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1909747/000162828023011401/0001628280-23-011401-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1909747/000162828023011401/jush-20230406.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-011401

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer