Jushi Merges Finance and Operational Expertise to Target U.S. Market (Plus Exclusive CFN Interview)
June 28th, 2019
App, Exclusive, News, Top Story
The Canadian cannabis market is maturing, and savvy investors are looking south for new opportunities. While there are a growing number of multi-state operators, there are only a handful that combine financial and operational expertise — and even fewer with management teams that have a meaningful stake in the business. Investors may want to look towards these companies for the best growth potential and aligned incentives.
Jushi Holdings Inc. (NEO: JUSH.B) was founded by a former Vice Chairman of Deutsche Bank, a distressed equity hedge fund team and the Founder and former CEO of Organigram Holdings Inc. (CSE: OGI). With more than $20 million of their own capital invested in the business, the team is uniquely qualified to capitalize on the nascent U.S. cannabis industry with incentives that are well-aligned with their shareholders.
CFN Media recently sat down with President Erich Mauff in-studio to discuss the company’s unique approach to the market and what sets it apart from other emerging MSOs.
Perfect Blend of Expertise
Jushi was founded a year and a half ago with four initial founders. Erich Mauff, a former Vice Chairman of Deutsche Bank, teamed up with Jim Cacioppo and Jon Barack, who ran a distressed equity hedge fund focusing on private and public cannabis investments. They were early investors in Dennis Arsenault’s Organigram Holdings, which has become one of the preeminent Canadian licensed producers; and brought on Arsenault to the team as the fourth co-founder.
After they began investing in the U.S. market four years ago, the team recognized the legalization trend at the state level in the U.S. market and the public support of some form of legalization. They decided to create their own business in the United States after investing in a number of smaller companies since they possessed the skill sets, management team, capital and desire to succeed.
In his exclusive interview with CFN Media, President Eric Mauff pointed out that there are many similarities between the finance and cannabis industries. They are both highly regulated businesses that require access to capital and a strong background in compliance. The only missing link on the team was operations — and they filled the link with the acquisition of intellectual property of The Clinic Consulting Services™, The Bank™ and The Lab™ and its award-winning operations team including bringing Max Cohen into the C-Suite.
What Sets Jushi Apart?
Jushi has created a well-rounded management team with expertise in finance and operations, which sets it apart from many companies that only have expertise in one of those areas. In addition, the company’s management team is well-aligned with shareholders with about $20 million of their own capital invested in the company. These aligned incentives promote prudent capital expenditures and a focus on generating a high return on investment.
With the acquisition of assets including trademarks and intellectual property from The Clinic Consulting Services™, The Bank™ and The Lab™ as well as Max Cohen and several key high-profile members of his team, the company gained access to a team of expert operators who will build best-in-class cultivation, processing, retail processes and facilities. The team is also experienced with acquiring competitive licenses that could help the company enter new and exciting markets. Max Cohen, Founder and CEO of The Clinic, is also a founding member and current board treasurer of the Marijuana Industry Group, and former member of the board of directors for the National Cannabis Industry Organization, a national marijuana lobbying and policy organization.
The company’s cannabis footprint is augmented with an interest in hemp-based CBD products. In May, the company announced the opening of the first retail location of its Sound Wellness Holdings subsidiary, SW Retail Stores LLC, doing business as Mend. The full-spectrum CBD store is located in Amherst, NY and provides customers with tinctures, soft gel capsules, topical lotions and other CBD-hemp-derived wellness products.
Jushi Holdings Inc. (NEO: JUSH.B) has built an impressive management team to capitalize on the nascent U.S. cannabis industry. With aligned incentives and return on capital a core focus, investors may want to keep an eye on further developments as the company executes its vision of becoming a bold, new, principled leader in the cannabis and hemp industry.
The above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation:http://www.cannabisfn.com/legal-disclaimer/
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
Follow Us on Social Media
About CFN Media Group
CFN Media Group (CannabisFN), owned and operated by CFN Enterprises Inc. (OTCQB: CNFN), is the leading creative agency and media network dedicated to legal cannabis. We help marijuana businesses attract investors, customers (B2B, B2C), capital, and media visibility. Private and public marijuana companies and brands in the US and Canada rely on CFN Media to grow and succeed.
CFN launched in June of 2013 to initially serve the growing universe of publicly traded marijuana companies across North America. Today, CFN Media is also the digital media choice for the emerging brands in the space.
Disclaimer: Matters discussed on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time-to-time have a position in the securities mentioned herein and will increase or decrease such positions without notice. The Information contains forward-looking statements, i.e. statements or discussions that constitute predictions, expectations, beliefs, plans, estimates, or projections as indicated by such words as "expects", "will", "anticipates", and "estimates"; therefore, you should proceed with extreme caution in relying upon such statements and conduct a full investigation of the Information and the Profiled Issuer as well as any such forward-looking statements. Any forward looking statements we make in the Information are limited to the time period in which they are made, and we do not undertake to update forward looking statements that may change at any time; The Information is presented only as a brief "snapshot" of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities and to consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.gov, www.pinksheets.com, www.otcmarkets.com or other electronic sources, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the Pink Sheets or www.otcmarkets.com; (c) obtaining and reviewing publicly available information contained in commonlyknown search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.com. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and OTCMarkets and/or have negative signs at www.otcmarkets.com (See section below titled "Risks Related to the Profiled Issuers, which provides additional information pertaining thereto). For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity-based compensation in the companies it writes about, or a combination of the two. For full disclosure, please visit: https://www.cannabisfn.com/legal-disclaimer/. A short time after we acquire the securities of the foregoing company, we may publish the (favorable) information about the issuer referenced above advising others, including you, to purchase; and while doing so, we may sell the securities we acquired. In addition, a third-party shareholder compensating us may sell his or her shares of the issuer while we are publishing favorable information about the issuer. Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.