Convert Super Voting & Multiple Voting Shares into Sub. Shrs BOCA RATON, Fla., Aug. 09, 2021 (GLOBE NEWSWIRE) -- Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCQX: JUSHF), a vertically integrated, multi-state cannabis operator, and James Cacioppo and Denis Arsenault, announced that on August 9, 2021, all issued and outstanding super voting shares of Jushi (“Super Voting Shares”) and multiple voting shares of Jushi (“Multiple Voting Shares”) were converted into subordinate voting shares of Jushi (“Subordinate Voting Shares”) in accordance with the terms of the Super Voting Shares and Multiple Voting Shares. The outstanding warrants to acquire Super Voting Shares and Multiple Voting Shares were also converted into warrants to acquire Subordinate Voting Shares, without any amendment to the other terms of such warrants. In particular:
- 149,000 Super Voting Shares were converted into 14,900,000 Subordinate Voting Shares
- 162,750 warrants to acquire Super Voting Shares were converted into 16,275,000 warrants to acquire Subordinate Voting Shares
- 4,000,000 Multiple Voting Shares were converted into 4,000,000 Subordinate Voting Shares; and
- 6,750,000 warrants to acquire Multiple Voting Shares were converted into 6,750,000 warrants to acquire Subordinate Voting Shares (collectively, the “Conversions”).
https://www.globenewswire.com/news-release/2021/08/09/2277504/0/en/Jushi-Holdings-Inc-s-Founders-Convert-Super-Voting-and-Multiple-Voting-Shares-into-Subordinate-Voting-Shares.html