Company: JUSHF
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023749
Chunk: 13

Company: Jushi Holdings Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 13
---
1Item 1. Financial Statements

JUSHI HOLDINGS INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands of U.S. dollars, except share amounts)

March 31, 2025 (unaudited)December 31, 2024ASSETSCURRENT ASSETS:Cash and cash equivalents$25,962 $19,521 Accounts receivable, net1,404 1,461 Inventory, net34,335 36,138 Prepaid expenses and other current assets6,950 15,030 Total current assets68,651 72,150 NON-CURRENT ASSETS:Property, plant and equipment, net143,391 144,063 Right-of-use assets - finance leases58,950 60,627 Other intangible assets, net98,907 100,472 Goodwill 30,910 30,910 Other non-current assets30,883 30,273 Restricted cash - non-current1,925 1,825 Total non-current assets 364,966 368,170 Total assets $433,617 $440,320 LIABILITIES AND EQUITY (DEFICIT)CURRENT LIABILITIES:Accounts payable$20,470 $21,459 Accrued expenses and other current liabilities24,912 32,786 Income tax payable1,596 2,299 Debt, net - current portion (including related party principal amounts of $1,200 and $800 as of March 31, 2025 and December 31, 2024, respectively)3,848 2,758 Finance lease obligations - current9,754 9,593 Total current liabilities60,580 68,895 NON-CURRENT LIABILITIES:Debt, net - non-current (including related party principal amounts of $40,074 and $35,296 as of March 31, 2025 and December 31, 2024, respectively)193,052 183,449 Finance lease obligations - non-current52,512 52,742 Derivative liabilities - non-current2,883 3,128 Unrecognized tax benefits153,054 143,688 Other liabilities - non-current37,416 38,653 Total non-current liabilities438,917 421,660 Total liabilities499,497 490,555 COMMITMENTS AND CONTINGENCIES (Note 16