Jushi Holdings Inc. (OTCPK:JUSH.F) will look for acquisitions. The company announced the receipt of binding subscriptions to date totaling approximately USD 68 million for the issuance of 12% second lien notes and warrants to purchase the Company's subordinate voting shares in a private offering (the 'Offering'). The Company expects the closing of the Offering to occur in late November or early December of this year.

The Company intends to use the net proceeds from the Offering to redeem its outstanding existing 10% senior secured notes due January 2023 (the '2023 Notes') and, to the extent there are remaining proceeds, for general corporate purposes, including but not limited to working capital, capital expenditures and potential acquisitions.