Company: JUSHF
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037797
Chunk: 50

Company: Jushi Holdings Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 50
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8

Table of ContentsJUSHI HOLDINGS INC. Notes to the Unaudited Condensed Consolidated Financial Statements(Amounts Expressed in Thousands of U.S. dollars, Except Share and Per Share Amounts)

During the three and six months ended June 30, 2025, the Company received payments on retained claims from the IRS in the amount of $306 and $2,474, respectively, plus interest on such amounts, which were recorded in other income (expense), net in the consolidated statements of operations. In addition, during the three and six months ended June 30, 2025, the IRS paid $2,963 and $3,124, respectively, of factored claims plus interest on such amounts, which is also recorded in other income (expense), net in the consolidated statements of operations.Assets Held for SaleAs of December 31, 2024, the Company determined that certain assets relating to one of its dispensaries located in Nevada, with total carrying value of $611, met the criteria to be classified as assets held for sale, and is included in Prepaid expenses and other current assets in the consolidated balance sheet. In May 2025, the Company sold the assets for a net gain of $2,243, which was recorded in the operating expenses in the consolidated statements of operations for the three and six months ended June 30, 2025.

 5.   PROPERTY, PLANT AND EQUIPMENTThe components of property, plant and equipment (“PPE”) are as follows:June 30, 2025 (unaudited)December 31, 2024Buildings and building components$91,273 $89,124 Land12,956 12,956 Leasehold improvements50,958 47,514 Machinery and equipment24,054 23,959 Furniture, fixtures and office equipment (including computer)23,819 22,597 Construction-in-process4,796 2,533 Total property, plant and equipment - gross207,856 198,683 Less: Accumulated depreciation(63,126)(54,620)Total property, plant and equipment - net$144,730 $144,063 Construction-in-process represents assets under construction for manufacturing and retail build-outs not yet ready for use.Depreciation was $4,435 and $4,974 for the three months ended June 30, 2025 and 2024, respectively, and $8,937