Upon completion of the acquisition of NuLeaf, and the previously announced Apothecarium Nevada3 acquisition, Jushi will grow its retail presence to four dispensaries in the $1.0 billion4 Nevada cannabis market, three of which are located in the bustling Las Vegas area.
We are thrilled to enter into an agreement to acquire NuLeaf, a vertically integrated operator with the potential to significantly increase our presence in the Nevada retail and wholesale markets.
In addition, NuLeaf’s cultivation and processing assets are strongly aligned with our strategic expansion strategy in Nevada.
The building is equipped with ten single-stacked flower rooms, with a flower canopy encompassing approximately 6,800 sq.
The Clark Dispensary is located a block from the Las Vegas Strip on East Twain Avenue, near the intersection of Paradise Road in Clark County and is directly behind the iconic Venetian Luxury Hotel and Wynn Resort and Casino.
The dispensary is located in the center of town near local businesses and restaurants on Route 28, a main road that runs through Lake Tahoe which sees approximately 6,500 – 9,800 cars per day7.
The dispensary is located next door to the 18b Las Vegas Arts District, which straddles West Charleston and is home to the city’s art-related galleries, studios, boutiques, stores, bars, restaurants and other venues.
The Acquisition, which is expected to close in the first half of 2022, is subject to certain customary closing conditions, including approvals from applicable regulatory authorities.
6 The promissory note provides for cash interest payments to be made quarterly, a five-year maturity and all principal and accrued and unpaid interest due at maturity.
In the United States, Jushi is focused on building a multi-state portfolio of branded cannabis assets through opportunistic acquisitions, distressed workouts and competitive applications.