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Jushi Holdings Inc. (OTCQX:JUSHF) (CSE:JUSH) announced that, further to a review by the Ontario Securities Commission of the company’s continuous disclosure and a subsequent request from OSC staff in connection therewith, the company has filed its registration statement on form S-1, made effective with the United States Securities and Exchange Commission on August 12, 2022, on SEDAR in accordance with OSC Staff Notice 57-711 Refilings and corrections of errors in order to make the corrective disclosure.
Prior to the registration statement becoming effective, the company prepared its financial statements in accordance with international financial reporting standards. Pursuant to applicable United States securities law, the company was required to prepare and include with the registration statement audited consolidated financial statements as of and for the years ending December 31, 2021 and 2020 in accordance with generally accepted accounting principles in the United States. Accordingly, the company prepared and filed the US GAAP annual statements as an exhibit to the registration statement.
Following the effective date of the registration statement, in accordance with applicable Canadian securities laws, the company filed amended and restated interim condensed financial statements for the periods ending March 31, 2022 and June 30, 2022 respectively, including amended and restated management’s discussion and analysis for each such interim period. The 2022 interim statements each incorporated by reference the US GAAP annual statements included as an exhibit to the registration statement, however, as noted by the OSC in its review of the company’s continuous disclosure, the US GAAP annual statements had not been filed on SEDAR in Canada. To support this cross reference to the US GAAP annual statements in the 2022 interim statements and any cross references to the US GAAP annual statements in future continuous disclosure filings in Canada, the company has made the necessary corrective disclosure by filing the registration statement, inclusive of the US GAAP annual statements, on SEDAR.
As a result of the filing of this disclosure, the company will be placed on the public list of refiling and errors in accordance with Notice 51-711.
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