Jushi Holdings Inc. (CSE: JUSH) (OTCMKTS: JUSHF) announced that medical cannabis processor Franklin Bioscience OH, LLC, (“FBS – OH”) obtained approval to begin activities at the company’s newly built processing facility in Columbus, Ohio.
Both parties have applied to state regulators for a change of ownership status to make FBS-OH a subsidiary of Jushi, which has been providing operational and consulting services to the Ohio company.
According to Jushi, FBS-OH will begin processing raw materials to manufacture premium products for the Ohio medical marijuana market at its facility, which has the capacity to process 10,000 lbs. of biomass per year, using CO2 extraction.
The milestone follows Jushi’s definitive …