Jushi Holdings Completes $160M Refinancing, Boosts Cash Position

Cannabis company's non-dilutive term loan signals industry's financial evolution

Mar. 28, 2026 at 11:07am

Got story updates? Submit your updates here. ›

Jushi Holdings Inc., a Florida-based cannabis company, has completed a $160 million senior secured term loan refinancing, injecting $35 million in cash onto its balance sheet. This move reflects the cannabis industry's ongoing efforts to navigate financing challenges posed by federal prohibition and market volatility.

Why it matters

Jushi's refinancing highlights the growing importance of alternative financing solutions for cannabis companies, as access to traditional banking services and capital markets remains limited. The participation of Jushi's CEO and founder as major investors also signals confidence in the company's future prospects.

The details

The refinancing replaces Jushi's previous credit facilities with a $160 million senior secured term loan from funds managed by FocusGrowth Asset Management. Key terms include a 4.0% original issuance discount, a 12.50% annual interest rate, and a three-year maturity. Importantly, the loan is non-dilutive to current shareholders and does not require immediate amortization. Jushi's CEO, James Cacioppo, contributed approximately $28 million, while founder Denis Arsenault invested around $21 million, demonstrating their confidence in the company's future.

  • Jushi Holdings announced the refinancing on March 27, 2026.
  • Jushi is scheduled to report its Q4 2025 financial results on March 31, 2026.

The players

Jushi Holdings Inc.

A Florida-based cannabis company that recently completed a $160 million senior secured term loan refinancing.

James Cacioppo

The CEO, Chairman, and founder of Jushi Holdings Inc., who contributed approximately $28 million to the refinancing.

Denis Arsenault

The founder and significant equity holder of Jushi Holdings Inc., who invested around $21 million in the refinancing.

FocusGrowth Asset Management

The firm that manages the funds that provided the $160 million senior secured term loan to Jushi Holdings.

Got photos? Submit your photos here. ›

What’s next

Investors will be closely watching Jushi's Q4 2025 financial results, scheduled for March 31, 2026, to assess the impact of the refinancing and the company's overall financial performance.

The takeaway

Jushi's refinancing reflects the broader trend of cannabis companies seeking alternative financing solutions as access to traditional capital remains challenging due to federal prohibition and market volatility. The participation of Jushi's leadership as major investors signals their confidence in the company's future prospects.