Jushi Holdings Inc. (CSE:JUSH, OTCQX:JUSHF) has announced that it is expanding its retail presence with the opening of its 33rd dispensary nationally and fourth dispensary in the Silver State.
Following the opening of NuLeaf Las Vegas The Strip, Jushi noted that its operations in Nevada will consist of three adult-use and medical dispensaries in Las Vegas, an adult-use and medical dispensary in Lake Tahoe and approximately 47,000 square feet of cultivation and manufacturing space.
"NuLeaf Las Vegas The Strip has a fresh, new elevated design and look that is reflective of its location on the Strip," Jushi founder, chairman and CEO Jim Cacioppo said in a statement.
READ: Jushi Holdings confident of ‘accelerated growth and profitability’ after retail expansion boosts year-on-year revenue growth in Q1
The company said NuLeaf Las Vegas The Strip, located at 1600 Las Vegas Boulevard South, Suite 140, will officially open and begin serving consumers and medical cannabis patients on June 8, 2022, at 9am. Along with providing an unparalleled customer-centric retail experience, it said the store features an option for online ordering through NuLeaf Las Vegas The Strip.
The 3,200-square-foot dispensary is located at the intersection of Las Vegas Boulevard and W. Wyoming Avenue. It is also next door to the 18b Las Vegas Arts District, which straddles West Charleston and is home to the city's art-related galleries, studios, boutiques, stores, bars, restaurants, and other venues. Approximately 29,000 cars pass by the store each day on S. Las Vegas Boulevard, while W. Wyoming Avenue sees about 19,000 cars per day.
"It is incredibly well-positioned to serve the tens of thousands of global visitors who attend monthly First Friday events and visit Vegas to see the neighborhood's amazing public art and murals, all of which are accessible via short, walkable urban blocks,” Cacioppo said. “Also, we look forward to expanding our product selection at our four operating stores to include our own brands and growing our wholesale business in one of the largest cannabis markets in the US.”
Jushi said NuLeaf Las Vegas The Strip will carry top cannabis brands and products, including flower, concentrates, vaporization products, tinctures, edibles, topicals, capsules, and various ancillary products such as approved rigs, batteries, merchandise and other devices, including Jushi and NuLeaf cannabis lines as well as an expanded line of NuLeaf merchandise and accessories.
It noted that the retail location provides an efficient, accessible, and safe experience that goes beyond the traditional cannabis retail environment. As part of its commitment to exceeding customer expectations and experience, the company said well-trained staff will also be on-site to help dispense products, answer questions and provide exceptional service.
In addition, NuLeaf Las Vegas The Strip is handicap accessible, LGBTQIA+ friendly, and offers a standing 10% discount to anyone 65 years or older and a 20% discount to veterans and active military personnel with identification.
Jushi is a vertically integrated cannabis company focused on building a multi-state portfolio of branded cannabis assets through opportunistic acquisitions, distressed workouts, and competitive applications.
Contact the author at stephen.gunnion@proactiveinvestors.com