Jushi Hldgs SEC Filings

Jushi Holdings Inc. reported first quarter 2026 results with revenue of $66.4 million, up from $63.8 million a year earlier, driven by new stores and wholesale growth. Gross profit margin improved to 45.0%, but the company recorded a net loss of $19.8 million.

Adjusted EBITDA rose to $11.4 million with a 17.2% margin, and operating cash flow was $8.6 million. Jushi completed a $160.0 million secured term loan refinancing, repaying prior debt and boosting cash to $42.3 million. Management highlighted benefits from federal rescheduling of state-licensed medical marijuana, expected to reduce tax burden over time.

Jushi Holdings Inc. is asking shareholders to approve several items at its June 24, 2026 annual and special meeting, including a plan of arrangement to continue the company from British Columbia to Nevada. Shareholders will also vote on fixing the board size at five, electing five directors, and ratifying Macias Gini & O'Connell LLP as auditors. The company says the Nevada continuance is intended to better match its U.S.-focused operations and regulatory environment without diluting existing ownership. Shareholders of record as of May 8, 2026, holding 199,696,597 subordinate voting shares, may vote in person or by proxy, and certain registered holders have dissent rights on the arrangement.

Jushi Holdings Inc. is soliciting shareholder approval at its 2026 annual general and special meeting for several corporate actions, principally a Plan of Arrangement that would continue the company from British Columbia to Nevada (the “Continuance”) and adopt new charter documents. The Board recommends voting FOR the Continuance, election of five directors, and appointment of Macias Gini & O'Connell LLP as auditors. The Arrangement would not change shareholders’ percentage ownership. The meeting materials describe dissent rights under the BCBCA, notice-and-access delivery of proxy materials, related-party financing transactions including a $160,000,000 senior secured Term Loan, and previous private placements of second lien notes and warrants.

Jushi Holdings Inc. announced plans to change its legal home from British Columbia, Canada to the U.S. state of Nevada through a court-approved plan of arrangement (the “Continuance”). The company says this redomiciling is intended to better align its corporate structure with its U.S.-focused operations and long-term strategy.

Each existing subordinate voting share would become one share of Nevada common stock, and existing options and warrants would be adjusted to represent equivalent rights in the Nevada entity on the same terms. Jushi does not expect the Continuance to cause any material change in its business or operations.

The arrangement requires approval by 66 2/3% of votes cast at an annual general and special meeting, as well as court and other required approvals. The board may delay or decide not to proceed if it determines the Continuance is not in the company’s best interests. After completion, Nevada common stock is expected to trade on the Canadian Securities Exchange and OTCQX under the same symbols currently used for the subordinate voting shares.

Jushi Holdings Inc. filed Amendment No. 1 to its Annual Report for the year ended December 31, 2025 to add the Part III sections on directors, executive officers, corporate governance, executive compensation, security ownership, related-party transactions and auditor fees. The company states this amendment does not change previously reported financial results or update events after the original filing date. As of April 13, 2026, Jushi had 199,696,597 subordinate voting shares outstanding and a non-affiliate market value of approximately $59.4 million as of June 30, 2025. The board has five directors, four of whom are considered independent, and operates audit, compensation, and nominating and corporate governance committees. The filing details CEO and senior executive pay, stock options and severance terms, as well as major shareholders and equity plan capacity.

Jushi Holdings Inc. describes itself as a vertically integrated, multi-state cannabis operator focused on retail, cultivation, processing and distribution across U.S. medical and adult-use markets. The company operates 42 dispensaries under brands such as Beyond Hello, Nature’s Remedy and NuLeaf, plus multiple cultivation and manufacturing facilities.

The filing reviews state-by-state licensing, regulatory risks tied to cannabis remaining illegal federally and subject to Schedule I rules, banking and tax constraints including Section 280E, and evolving hemp regulations. It also highlights a broad in-house brand portfolio, online ordering platforms, organized labor at select sites, and a 1,288-person workforce.

Jushi Holdings Inc. reported modest growth but continued losses for the quarter and year ended December 31, 2025. Q4 2025 revenue was $68.3 million, up 3.8% year over year, with gross profit of $28.6 million and a 41.9% gross margin. Net loss for the quarter widened to $15.6 million, but Adjusted EBITDA improved sharply to $13.9 million, a 20.4% margin. For full year 2025, revenue reached $262.9 million, up 2.1%, with gross profit of $114.0 million and a 43.4% margin. The company posted a full-year net loss of $68.6 million while generating $50.3 million of Adjusted EBITDA and $17.7 million of operating cash flow. Jushi ended 2025 with $26.6 million in cash and 42 dispensaries, and subsequently refinanced $132.3 million of existing debt into a new $160.0 million secured term loan due 2029.

Jushi Holdings Inc. received an amended Schedule 13G filing from the Healthcare of Ontario Pension Plan Trust Fund (HOOPP) reporting that, as of 12/31/2025, HOOPP beneficially owns 0 subordinate voting shares and 0% of the class.

HOOPP reports no sole or shared voting or dispositive power over any Jushi Holdings shares and confirms it owns 5 percent or less of the class. The filer describes itself as a pension plan formed as a trust under Ontario law and certifies the shares were held in the ordinary course of business and not for the purpose of changing or influencing control of Jushi Holdings.