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JUSHI HLDGS INC CL B (JUSHF) is a leading company in the cannabis industry, focusing on cultivation, processing, and retail distribution of high-quality products. With a strong financial position and strategic partnerships, JUSHI is at the forefront of innovation and growth in the market.
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Jushi Holdings Inc. reported a first-quarter net loss of $18.4 million, with an expanded gross profit margin of 49.4%. Adjusted EBITDA and margin improved to $13.3 million and 20.4%, respectively. The company launched 443 new SKUs, increased Jushi-branded product sales, and continued debt reduction efforts. Post-quarter developments include senior management team enhancements and further debt reduction. Key financial highlights include total revenue of $65.5 million, net cash flow from operations of $6.5 million, and cash equivalents of $30.6 million. The company plans to accelerate product development, optimize operations, and capitalize on high-growth markets.
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Jushi Holdings Inc. will report its first quarter 2024 financial results on May 9, 2024. The conference call and webcast to discuss the results will take place on the same day at 4:30 p.m. ET. Investors can join the call or access the webcast for one month following the event.
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Jushi Holdings Inc. appoints Todd West as Chief Operating Officer to enhance operations and collaboration. Mr. West brings 25 years of experience, including in cannabis, to accelerate progress and navigate regulatory changes. The company aims to improve profitability, reduce waste, increase yields, and introduce new products.
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Jushi Holdings Inc. reported strong financial results for Q4 2023 and FY 2023, with total revenue of $67.8 million and $269.4 million respectively. The company achieved a gross profit margin of 40.2% in Q4 2023 and 43.1% for FY 2023. Net loss decreased to $18.0 million in Q4 2023 from $139.9 million in Q4 2022. Adjusted EBITDA improved to $11.3 million in Q4 2023 and $40.8 million for FY 2023. Jushi-branded product sales accounted for approximately 53.4% of total retail revenue in Q4 2023, and the company introduced 175 new unique SKUs. The company also filed an Amended and Restated Material Change Report.
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Jushi Holdings Inc. announced that it will report its financial results for Q4 and full year 2023 on March 13, 2024. A conference call and webcast will be held to discuss the results.
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Jushi Holdings Inc. supports Pennsylvania Governor Josh Shapiro's proposal for an adult-use cannabis policy in the state. The CEO, Jim Cacioppo, commends the advocacy for a comprehensive policy and highlights the public's overwhelming support for a regulated adult-use cannabis market. The company looks forward to working with the governor to implement the policy into law.
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Jushi Holdings Inc. (CSE: JUSH) (OTCQX: JUSHF) relocates its Beyond Hello™ Hazleton dispensary to Mount Pocono, Pennsylvania, offering a 30% off promotion on opening day. The new store will serve medical cannabis patients and caregivers, providing convenient online ordering, curbside pickup, and access to a wide range of in-house and popular cannabis brands and products.
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Jushi Holdings Inc. (CSE: JUSH) (OTCQX: JUSHF) reported Q3 2023 financial results, including a steady gross profit margin of 43.6%, a net loss of $20.6 million (improved by 62.3% YoY), and adjusted EBITDA of $9.7 million (up $9.1 million YoY). The company achieved notable operating performance improvements, expanded product offerings, and reduced operating expenses.
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Jushi Holdings Inc. is set to report its financial results for the third quarter of 2023 on November 14, 2023. The company will host a conference call and webcast to discuss the results. The webcast will be available until December 14, 2023 on Jushi's Investor Relations website.
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Jushi Holdings Inc. opens sixth medical cannabis dispensary in Virginia, Beyond Hello™ Woodbridge, serving patients and registered agents starting August 23rd.
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FAQ
What is the current stock price of Jushi Hldgs (JUSHF)?
The current stock price of Jushi Hldgs (JUSHF) is $0.3519 as of February 21, 2025.
What is the market cap of Jushi Hldgs (JUSHF)?
The market cap of Jushi Hldgs (JUSHF) is approximately 61.3M.
What does JUSHI HLDGS INC CL B do?
JUSHI is involved in cultivation, processing, and retail distribution of cannabis products.
What sets JUSHI apart in the cannabis industry?
JUSHI stands out for its high-quality products, strong financial position, and strategic partnerships.
Who is the CEO of JUSHI HLDGS INC CL B?
Jim Cacioppo serves as the Chief Executive Officer, Chairman, and Founder of JUSHI.
When is the next conference call for JUSHI?
The next conference call to discuss financial results will be on Wednesday, March 13, 2024, at 5:00 p.m. ET.
How can I contact JUSHI for investor relations?
For investor relations inquiries, you can contact Lisa Forman at 617-767-4419 or email investors@jushico.com.
Jushi Hldgs
OTC:JUSHF
JUSHF Rankings
JUSHF Stock Data
61.31M
173.47M
8.31%
9.28%
Drug Manufacturers - Specialty & Generic
Healthcare
United States
Boca Raton