Jushi Holdings (JUSHF) announces that in order to assist the Company in managing near-term working capital requirements, the Company and Jim Cacioppo, the Company’s Chairman and CEO, have agreed to certain amendments to Mr. Cacioppo’s employment agreement. All of the Employment Agreement Amendments were approved on behalf of the Company by the independent directors of the Company. Pursuant to the Employment Agreement Amendments, Mr. Cacioppo, has agreed to receive the $1,050,000 annual cash bonus that would otherwise have been paid to him on or before March 15, 2026, and the options to purchase 3,000,000 subordinate voting shares of the Company that would have otherwise been issued to him prior to January 1, 2026, in the following alternative form: a lump sum cash payment in the amount of $300,000; and 3,000,000 restricted subordinate voting shares, which shall vest on January 1, 2026, provided Mr. Cacioppo remains employed by the Company on January 1, 2026.
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