Jushi Holdings Inc. has entered into a new Executive Employment Agreement with Chief Executive Officer James Cacioppo, effective December 31, 2025. Under the agreement, Mr. Cacioppo will receive an annual base salary of $1,050,000, with eligibility for an annual cash bonus targeted at 100% of his base salary. He will also be granted 3,000,000 options to purchase subordinate voting shares each year, which fully vest annually. In the event of a registered offering of subordinate voting shares, Mr. Cacioppo may include a pro rata portion of his vested equity securities in the offering, subject to board approval. If his employment is terminated without cause or for good reason, or in the event of a change of control, Mr. Cacioppo will receive a grant of that year’s equity award, full vesting of all outstanding equity-based awards, and a one-time lump sum payment of $5,000,000.

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