Company: JUSHF
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048797
Chunk: 81

Company: Jushi Holdings Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 8
Chunk 81
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Interest expense, net10,267 9,382 30,486 27,997 Depreciation and amortization (1)7,796 7,768 23,798 21,981 EBITDA (Non-GAAP)3,203 10,099 28,984 41,710 Non-cash share-based compensation357 1,082 424 2,953 Fair value changes in derivatives6,325 (2,628)5,875 (2,840)Tangible long-lived asset impairment— 275 — 432 Other (income) expense, net (2)2,908 756 1,052 (2,549)Loss on debt extinguishment— 761 — 362 Gain on deconsolidation of Jushi Europe— — — (1,896)Adjusted EBITDA (Non-GAAP)$12,793 $10,345 $36,335 $38,172 

(1)Includes amounts that are included in cost of goods sold and in operating expenses.(2)Includes: (i) remeasurement of contingent consideration related to acquisitions; (ii) losses (gains) on legal settlements; (iii) losses (gains) on asset disposals; (iv) foreign exchange losses (gains); (v) indemnification asset adjustments related to acquisitions; and (vi) start-up costs.

Liquidity and Capital Resources

(Amounts expressed in thousands of U.S. dollars, unless otherwise stated)

Sources and Uses of Cash

We had cash, cash equivalents and restricted cash of $26,159 as of September 30, 2025. 

The major components of our statements of cash flows for the nine months ended September 30, 2025 and 2024, are as follows:

Nine Months Ended September 30,20252024$ Change% ChangeNet cash flows provided by operating activities $11,674 $14,415 $(2,741)(19)%Net cash flows (used in) provided by investing activities(10,152)189 (10,341)(5471)%Net cash flows provided by (used in) financing activities 3,291 (23,018)26,309 114 %Net change in cash, cash equivalents and restricted cash$4,813 $(8,414)$13,227 (157)%

Operating activities 

Cash provided by operations