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Jushi Holdings Inc Class B Subordinate(JUSH-CN)

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Jushi Holdings Inc. Settles Lawsuit with Large Multi-State Operator

Globe Newswire - Mon Aug 8, 2022

BOCA RATON, Fla., Aug. 08, 2022 (GLOBE NEWSWIRE) -- Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCQX: JUSHF), a vertically integrated, multi-state cannabis operator, announced that it entered into a confidential settlement agreement with Curaleaf Holdings, Inc. (“Curaleaf”) and with Jushi’s former Chief Financial Officer, Edward Kremer (“Mr. Kremer”), to resolve claims Jushi asserted in a lawsuit filed on July 15, 2022, including a claim asserted against Mr. Kremer for breach of his employment agreement and a claim asserted against Curaleaf for tortious interference. Under the terms of the settlement agreement: 1) Mr. Kremer has reaffirmed and agreed to abide by his other continuing obligations to Jushi under the terms of his employment agreement in exchange for a limited waiver of his non-compete to allow him to accept employment with Curaleaf, and 2) Curaleaf has made certain commitments to strengthen the commercial relationship between Jushi and Curaleaf.


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