Mr. Trent Woloveck reports

JUSHI HOLDINGS PROVIDES UPDATE ON PLAN OF ARRANGEMENT

Further to Jushi Holdings Inc.'s news releases of April 24, 2026, and June 24, 2026, it is proceeding to complete its previously announced plan of arrangement to be effected under the Business Corporations Act (British Columbia) (the BCBCA), which involves, among other things, the continuance of the company out from the province of British Columbia, Canada, and the concurrent domestication of the company in the state of Nevada in the United States.

On May 7, 2026, the company obtained an interim order from the British Columbia Supreme Court authorizing the company to call a shareholders' meeting to, among other things, approve the arrangement. Shareholders of the company approved the arrangement at a meeting held on June 24, 2026. On June 29, 2026, the court rendered a final order approving the arrangement.

The company has determined July 30, 2026, to be the record date with respect to the continuance. The continuance is expected to be effective on July 30, 2026. Upon completion of the continuance, among other things, each issued and outstanding subordinate voting share of the British Columbia-formed Jushi will be deemed to represent one share of the common stock of the Nevada-continued Jushi. Furthermore, each outstanding option or warrant to purchase subordinate voting shares will, for all purposes, be automatically adjusted to become, respectively, one outstanding option or warrant to purchase an equal number of Nevada common stock, in each case on the same terms and conditions set forth in the applicable option or warrant agreement.

The new Nevada common Stock will commence trading on the Canadian Securities Exchange at market open on July 31, 2026.

About Jushi Holdings Inc.

The company is a vertically integrated cannabis company led by an industry-leading management team. Jushi is focused on building a multistate portfolio of branded cannabis assets through opportunistic acquisitions, distressed workouts and competitive applications. Jushi strives to maximize shareholder value while delivering high-quality products across all levels of the cannabis ecosystem.

We seek Safe Harbor.