SCHEDULE: HOOPP Discloses 5.1% Stake in Jushi Holdings Inc.

The Healthcare of Ontario Pension Plan Trust Fund has reported a 5.1% beneficial ownership stake in Jushi Holdings Inc., holding 10 million subordinate voting shares.

Summary

• The Healthcare of Ontario Pension Plan Trust Fund (HOOPP) filed a Schedule 13G, indicating its beneficial ownership in Jushi Holdings Inc.
• HOOPP beneficially owns 10,000,000 subordinate voting shares of Jushi Holdings Inc.
• This ownership represents 5.1% of the class of subordinate voting shares.
• The percentage ownership is calculated based on 196,696,597 shares issued and outstanding as of July 30, 2025, as reported in Jushi Holdings Inc.'s quarterly report on Form 10-Q.
• HOOPP holds sole voting power and sole dispositive power over all 10,000,000 shares.
• The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 7

Explanation: The disclosure of a 5.1% passive stake by a large pension fund like HOOPP is generally a positive signal, suggesting institutional confidence in Jushi Holdings Inc. as an investment. It implies a belief in the company's long-term value without seeking control.

Positives

• A significant institutional investor, Healthcare of Ontario Pension Plan Trust Fund (HOOPP), has taken a 5.1% stake in Jushi Holdings Inc., signaling institutional confidence.
• The investment is stated to be a passive holding, acquired and held in the ordinary course of business, suggesting a long-term investment perspective rather than an activist one.

Future Outlook

This filing, a Schedule 13G, is a disclosure of beneficial ownership by an institutional investor and does not contain forward-looking statements or guidance from Jushi Holdings Inc. or the reporting person regarding the issuer's future performance.

Management Comments

• The securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

Jushi Holdings Inc. operates in the cannabis industry. A significant institutional investment from a major pension fund like HOOPP could signal increasing mainstream acceptance and confidence in the long-term prospects of the regulated cannabis market, despite its complex regulatory landscape in the U.S.

Stakeholder Impact

• Shareholders: Increased institutional ownership may lend credibility and stability to the stock, potentially attracting other investors and influencing market perception positively.
• Management: The passive nature of the investment suggests no immediate pressure for strategic changes or activist engagement from this particular shareholder.

Key Dates

Recommendation

The Healthcare of Ontario Pension Plan Trust Fund's disclosure of a 5.1% passive stake in Jushi Holdings Inc. is a positive indicator of institutional confidence. While this signals a belief in the company's long-term value, the filing itself does not provide operational or financial performance data to warrant a stronger recommendation. Investors should consider this as a supportive data point within their broader analysis of Jushi Holdings Inc.'s fundamentals and market position.

Keywords

Jushi Holdings Inc., HOOPP, Healthcare of Ontario Pension Plan, Schedule 13G, Subordinate Voting Shares, Institutional Investment, Beneficial Ownership