Jushi Holdings Inc.
0.6580-0.04 (-5.6%)
Oct 27, 8:00:00 PM EDT · OTC Markets OTCQX · JUSHF · USD
Key Stats
Market Cap
129.43MP/E (TTM)
-Basic EPS (TTM)
-0.30Dividend Yield
0%Recent Filings
10-Q
Q2 FY2025 results
Jushi Holdings edged revenue up 1% year-over-year to $65.0M in Q2 FY2025 ended June 30, 2025, with retail climbing 4% to $59.4M on Ohio expansions and Virginia delivery gains, yet wholesale dipped 26% to $5.6M as priorities shifted to in-house stores. Gross margin slipped to 44% from 50%, squeezed by pricing pressures and prior-period production costs, while operating income fell to $3.6M from $8.4M amid higher depreciation on licenses. Net loss widened to $12.3M or $0.06 per diluted share, versus $1.9M or $0.01, driven by interest expense up 13% to $10.2M on new term loans, though other income jumped on $4.0M in IRS retention credits. Cash rose to $23.2M with $5.6M operating inflows, supporting $200M debt at rates up to 26% maturing 2026-2028; Ohio dispensary buys added licenses without disclosed goodwill. Acquisitions ramped control via management agreements. Federal cannabis illegality lingers as a stark risk.
8-K
Jushi Q2 revenue grows
Jushi Holdings reported Q2 2025 revenue of $65.0 million, up 1.9% sequentially from Q1, driven by retail gains in Virginia and Ohio amid adult-use expansion. Net loss narrowed to $12.3 million from $17.0 million prior quarter, while Adjusted EBITDA surged 39.6% to $13.7 million, reflecting cost efficiencies and $4.0 million in ERC receipts. Retail push accelerates with four new stores planned by early 2026 in Ohio and New Jersey, pending approvals. Expansion bolsters market reach, yet pricing pressures linger.
8-K
Annual Meeting Voting Results
Jushi Holdings Inc. held its 2025 annual shareholders' meeting on June 3, with 43.4% of shares represented. Shareholders set the board at five directors and elected James A. Cacioppo, Benjamin Cross, Stephen Monroe, Marina Hahn, and Billy Wafford, though Cacioppo, Cross, and Monroe faced notable withhold votes around 19%. Macias Gini & O'Connell LLP was appointed auditors with 98.8% approval. Continuity in governance supports steady operations.
10-Q
Q1 FY2025 results
Jushi Holdings posted net revenue of $63.8M for Q1 ended March 31, 2025, down 2% y/y from $65.5M amid pricing pressures, yet retail units rose 6% while wholesale dipped 13% due to prioritizing in-house supply. Gross profit fell to $25.8M (40% margin) from $32.3M (49%), squeezed by discounts and higher prior-period production costs, flipping operations to a $1.9M loss versus $4.1M gain; net loss narrowed to $17.0M ($0.09/share) from $18.4M, with the gap to operating loss tied to $10.0M interest and $9.0M taxes under 280E constraints. Cash climbed to $26.0M from $19.5M q/q, fueled by $7.5M operating cash flow and $4.6M from second lien notes, while free cash flow hit $3.5M (derived) after $4.0M capex; total debt stood at $196.9M net, compliant with covenants. Acquisitions in Ohio added three dispensaries, boosting presence to 40 stores. Ongoing litigation risks, like the Sammartino dispute, linger.
8-K
Jushi Q1 Results Released
Jushi Holdings reported Q1 2025 revenue of $63.8 million, down 2.5% from last year amid price compression, yet gross profit held at $25.8 million with a 40.4% margin. Net loss widened to $17.0 million from $12.5 million in Q4 2024, but Adjusted EBITDA surged 22.8% sequentially to $9.8 million, bolstered by ERC factoring and $5.1 million in second lien notes. Expansion pushes forward with 40 dispensaries and eight to ten new openings by year-end. Balance sheet strengthened to $27.9 million in cash.
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