Who Owns Jushi Company?

Jushi Bundle

Get Full Bundle:

	5 FORCES	$15	$10
	BCG	$15	$10
	CANVAS	$15	$10
	4P's MIX	$15	$10
	PESTLE	$15	$10
	SWOT	$15	$10

TOTAL:

ADD TO CART

Who Owns Jushi Holdings Inc.?

Understanding Jushi Holdings Inc.'s ownership is key to grasping its market strategy and governance. Founded in 2018, this vertically integrated cannabis operator went public in June 2019, a move fueled by the need for capital in the expanding cannabis industry.

Jushi Holdings Inc., established by Jim Cacioppo, Erich Mauff, and Jon Barack, aims to positively impact lives through cannabis. As of August 2025, the company operates 34 retail stores, 5 cultivation centers, and 5 manufacturing plants across multiple states.

As of December 31, 2024, Jushi reported total revenue of $228 million. By August 12, 2025, its market capitalization stood at $157.36 million. This analysis will trace the changes in Jushi's ownership, from its initial stakeholders to its current public investors, including insights from its Jushi PESTEL Analysis.

Jushi Holdings Inc. was established in 2018 by Jim Cacioppo, Erich Mauff, and Jon Barack. These founders brought a wealth of experience from finance and the cannabis sector, setting the stage for the company's rapid growth and public debut.

Founding Year

Jushi Holdings Inc. was founded in 2018.

Public Listing

The company became publicly traded in June 2019 on the Canadian Securities Exchange (CSE: JUSH).

Early Funding

Prior to its IPO, Jushi successfully raised approximately $70 million, with an additional $70 million contingent on the public offering.

Strategic IPO

The early public listing was a key strategy to secure capital for mergers, acquisitions, and navigating cannabis licensing.

Initial Share Structure

An initial dual-class share structure was in place, with co-founder Erich Mauff holding super voting shares.

Current Share Structure

As of February 28, 2025, filings indicate no multiple or super voting shares are outstanding, suggesting a shift to a single-class structure.

The decision to go public early in June 2019 on the CSE and later on the OTCQX was a calculated move to fuel Jushi's ambitious growth plans. This public status was crucial for acquiring the necessary capital to execute its mergers and acquisitions strategy and to manage the intricate licensing requirements within the cannabis industry. Understanding the Target Market of Jushi is key to appreciating the strategic importance of this early public offering.

Early Ownership Dynamics

While precise initial equity distribution details are not publicly disclosed, the company's early filings revealed a dual-class share system. This structure granted significant control to the founders during the initial phase of operations.

• Co-founder Erich Mauff held Class A super voting shares, each with 1,000 votes.
• These super voting shares were convertible into 100 Subordinate Voting Shares.
• This structure provided founders with substantial voting power.
• As of February 28, 2025, this multiple-class structure is no longer in effect.

Jushi SWOT Analysis

• Complete SWOT Breakdown
• Fully Customizable
• Editable in Excel & Word
• Professional Formatting
• Investor-Ready Format

GET TEMPLATE ➔

Jushi Holdings Inc.'s journey began with its initial public offering in June 2019 on the Canadian Securities Exchange and OTCQX, a move designed to fuel its expansion within the cannabis sector. This public debut was a critical step in its growth strategy.

The ownership structure of Jushi Company is significantly influenced by its founders and early investors, alongside institutional backing. As of February 28, 2025, the company had 196,696,597 subordinate voting shares outstanding. Key figures like CEO and Co-Founder James Cacioppo maintain a substantial interest, holding 19.90% of the company's shares as of March 12, 2025. Angel investor Denis J. Arsenault also possesses a notable stake of 10.10% as of February 14, 2025. Institutional investors, including Nomura Holdings Inc. with 2.20% as of May 15, 2025, along with entities such as Merida Capital Partners, One Degree Ventures, and Graticule Asset Management Asia, have collectively contributed to the company's funding. These major stakeholders play a pivotal role in shaping the company's strategic direction and governance, with a focus on enhancing shareholder value.

Understanding Jushi Group Ownership

The Jushi Group ownership structure reflects a blend of founder-led vision and strategic institutional investment. This combination is key to the company's operational and financial strategies.

• The company is publicly traded, making its stock available to a broad range of investors.
• Founders and early investors hold significant stakes, influencing strategic decisions.
• Institutional investors provide capital and often bring valuable expertise.
• The evolution of Jushi Group's ownership structure is tied to its growth and expansion in the market.
• Understanding who owns Jushi Company is crucial for assessing its long-term trajectory.

Jushi PESTLE Analysis

• Covers All 6 PESTLE Categories
• No Research Needed – Save Hours of Work
• Built by Experts, Trusted by Consultants
• Instant Download, Ready to Use
• 100% Editable, Fully Customizable

GET TEMPLATE ➔

The governance of Jushi Holdings Inc. is managed by a Board of Directors. As of the June 3, 2025, annual general meeting, the board consists of five members, including CEO, Chairman, and Co-Founder James A. Cacioppo, alongside Benjamin Cross, Stephen Monroe, Marina Hahn, and Billy Wafford. This structure aims to blend founder insights with independent oversight.

As of February 28, 2025, Jushi Holdings Inc. operates under a simplified voting structure, having eliminated multiple voting shares, super voting shares, and preferred shares. This means the company adheres to a one-share-one-vote principle for its subordinate voting shares, ensuring equitable voting power among shareholders. The company maintains transparency by publicly disclosing voting results from its annual meetings, with all nominated directors receiving substantial shareholder approval at the June 3, 2025 meeting. There have been no significant proxy battles or activist campaigns recently that have impacted the board's composition or decision-making authority.

Board of Directors and Voting Power

Understanding the board's composition and voting power is crucial for grasping Jushi Company ownership. The current board structure reflects a commitment to shareholder representation and transparent governance.

• Board comprises five members as of June 3, 2025.
• James A. Cacioppo holds key leadership roles as CEO, Chairman, and Co-Founder.
• Voting structure is one-share-one-vote for subordinate voting shares.
• No cumulative voting rights for shareholders.
• Directors elected with significant shareholder support in 2025.
• Recent filings indicate a move towards a unified voting structure.
• The company's approach to governance supports its overall Revenue Streams & Business Model of Jushi.

Jushi Business Model Canvas

• Complete 9-Block Business Model Canvas
• Effortlessly Communicate Your Business Strategy
• Investor-Ready BMC Format
• 100% Editable and Customizable
• Clear and Structured Layout

GET TEMPLATE ➔

In recent years, Jushi Holdings Inc. has experienced shifts in its leadership and ownership landscape. Key appointments and resignations in 2023 and 2024 have reshaped its executive team, with a focus on strategic financial management and operational adjustments. These changes coincide with the company's ongoing expansion efforts within the evolving cannabis market.

Jushi's strategic direction for 2025 includes an ambitious '7 and 7 initiative' aimed at significantly increasing its retail footprint. The company plans to open seven new dispensaries by mid-2025, targeting a 40% expansion of its retail presence by mid-2026. Financially, the second quarter of 2025 saw total revenue reach $65.0 million, an increase from the prior year's second quarter. Despite a net loss of $12.3 million in Q2 2025, this represents an improvement from the $17.0 million net loss reported in Q1 2025. As of June 30, 2025, the company's liquidity position included $25.2 million in cash, cash equivalents, and restricted cash.

Retail Expansion Goals

Jushi aims to open seven new dispensaries by mid-2025. This is part of a larger strategy to expand its retail presence by 40% by mid-2026.

Financial Performance Snapshot (Q2 2025)

Total revenue for Q2 2025 was $65.0 million. The company reported a net loss of $12.3 million, showing improvement from the previous quarter.

Market Context and Consolidation

The U.S. cannabis market is projected for significant growth, expected to reach nearly $45 billion by 2025. This growth is accompanied by increasing market consolidation.

Strategic Outlook

Jushi is focused on opportunistic acquisitions and maximizing shareholder value. The company is adapting to trends like increased M&A activity and demand for wellness-focused products, as detailed in the Marketing Strategy of Jushi.

Jushi Porter's Five Forces Analysis

• Covers All 5 Competitive Forces in Detail
• Structured for Consultants, Students, and Founders
• 100% Editable in Microsoft Word & Excel
• Instant Digital Download – Use Immediately
• Compatible with Mac & PC – Fully Unlocked

GET TEMPLATE ➔