Jushi Holdings (JUSHF) announced the execution of a modification to its existing secured commercial loan with FVCBank. In connection with the modification: the Company has received an additional $4,000,000 of loan proceeds, the maturity date of the loan has been extended to September 18, 2030, and the interest rate floor has been lowered from 8.25% to 7.50%. The loan, as modified, remains principally secured by the Company’s cultivation and manufacturing facility located in Manassas, Virginia. The additional loan proceeds will be used for capital expenditures, working capital and other corporate purposes.
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