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  • Jushi Holding’s application for a management cease trade order (MCTO) has been approved by the OSC
  • The company filed an application seeking an MCTO from the OSC as it was delayed in the filing of its audited annual financial statements
  • The company expects to file the documents by May 24, 2021
  • The company confirms that there is no information concerning the affairs of the company that has not been generally disclosed
  • Jushi Holding is a vertically integrated cannabis company
  • Jushi Holdings Inc. is down 4.77 per cent, trading at C$8.38 per share at 3 pm ET

Jushi Holding’s application for a management cease trade order (MCTO) has been approved by the Ontario Securities Commission (OSC).

The company filed an application seeking an MCTO from the OSC as it was delayed in the filing of its audited annual financial statements for the year ended December 1, 2020.

The financial statements, along with the related management’s discussion and analysis, related CEO and CFO certificates and annual information form for the year ended December 31, 2020, had a deadline of April 30, 2021.

Jushi’s delay in filing the documents is due to delays with the company’s auditors, not being able to complete their audit procedures in advance of the April 30, 2021 deadline. The company expects to file the documents by May 24, 2021.

The MCTO restricts trading in securities of the company by the CEO and CFO until such time as the documents have been filed and the MCTO is no longer in effect.

The MCTO does not affect the ability of other investors to trade in the securities of the company.

The company is providing this status update in accordance with NP 12-203. The company intends to follow the provisions of the alternative information guidelines set out in NP 12-203, including the issuance of bi-weekly default status reports in the form of news releases, for as long as the company remains in default.

The company confirms that there is no other material information concerning the affairs of the company that has not been generally disclosed. Furthermore, the company confirms that it is not subject to any insolvency proceedings and, other than as disclosed herein, the company is up to date in its filing obligations.

Jushi Holding is a vertically integrated cannabis company.

Jushi Holdings Inc. is down 4.77 per cent, trading at C$8.38 per share at 3 pm ET.

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