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Jushi Holdings Inc. Announces Management Changes

BOCA RATON, Florida, October 18, 2021 - PRESS RELEASE - Jushi Holdings Inc., a vertically integrated multi-state cannabis operator, announced the appointment of Edward (Ed) Kremer as the company's chief financial officer (CFO). Kremer brings over 20 years of financial leadership experience across various industries, including technology, fashion, manufacturing, wholesale distribution, licensing and retail.

Kremer most recently served as chief operating and restructuring officer of Le Tote and Lord & Taylor, overseeing the organization's M&A and restructuring efforts. Before his time at Le Tote and Lord & Taylor, he held several executive leadership and finance roles with public and private equity-backed leading consumer products companies, most notably Oakley, Oliver Peoples, Beats Electronics (Beats by Dr. Dre), Noon Home and 360fly.

In his new role, Kremer will report to Jushi's CEO, chairman and founder, Jim Cacioppo. He will be responsible for overseeing the company's accounting and finance departments, while leading financial strategies and acting as a key business partner to the senior leadership team. Jushi will seek regulatory approval, as necessary, to effectuate Kremer's role and responsibilities in the various jurisdictions where Jushi is, or will become, licensed as a cannabis operator.

"I am pleased to welcome Mr. Kremer to our leadership team," Cacioppo said. "As we continue to position Jushi for the future, his passion for the cannabis industry, strong leadership, and extensive experience in driving financial and operational improvements is expected to have an immediate positive impact on our company. I am confident Ed will be an excellent addition to our team as we continue to organically grow and strategically target inorganic opportunities."

"I am thrilled to join the Jushi team at such a critical time of growth for the company," Kremer said. "As we continue to execute on Jushi's vision, strategies and financial priorities, I look forward to partnering with the entire team to build on the company's strong momentum and bring added value to our shareholders and customers."

Jushi also announced that Kimberly Bambach has stepped down from her role as CFO effective immediately. Ms. Bambach will remain with the company in a support role through Dec. 1 2021, and as a consultant to the company for an additional four months to ensure a continued smooth transition.

"From nearly Jushi's inception, Kim has been an invaluable member of our senior leadership team," Cacioppo said. "We are incredibly grateful for her service and tenure with our company. Her expertise in building strong companies and implementing financial and accounting systems and processes has been instrumental to our success. I want to sincerely thank Kim for her countless contributions to Jushi and wish her the best of luck in her future endeavors."

 

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