Jushi Holdings Inc. Announces First Settlement in Ongoing Hemp-Derived THC Litigation

Core Viewpoint - Jushi Holdings Inc. has reached a settlement with Revelry Supply, Inc. to resolve litigation related to the sale of unregulated hemp-derived THC products in Pennsylvania, marking a significant step in the company's efforts to protect the integrity of state-regulated cannabis markets and public health [1][2][3][4]. Group 1: Settlement Agreement - The settlement agreement with Revelry is effective as of February 11, 2026, and is the first resolution in a broader enforcement action initiated by Jushi's subsidiaries against multiple entities [1][3]. - The litigation was part of a broader action against unregulated wholesalers and smoke shops selling illegal marijuana products disguised as "hemp," which undermines the regulated market and poses public health risks [2][4]. Group 2: Company Commitment - The company emphasizes its commitment to ensuring transparency, product testing, and regulatory accountability in the cannabis market, aiming to address the proliferation of under-regulated intoxicating products [4]. - Jushi will continue to pursue claims against remaining defendants in Pennsylvania and other states to uphold the integrity of the cannabis industry [4]. Group 3: Company Overview - Jushi Holdings Inc. is a vertically integrated, multi-state cannabis operator focused on building high-quality retail, cultivation, manufacturing, and distribution operations across various U.S. markets [5].