Company: JUSHF
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023749
Chunk: 28

Company: Jushi Holdings Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 28
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 the expected life of the Derivative Warrants was based on the yield available on government benchmark bonds with an approximate equivalent remaining term. The expected life is based on the contractual term. If any of the assumptions used in the calculation were to increase or decrease, this could result in a material or significant increase or decrease in the estimated fair value of the derivative liability. For example, the following table illustrates an increase or decrease in certain significant assumptions as of the balance sheet dates:As of March 31, 2025As of December 31, 2024(unaudited)InputEffect of 10% IncreaseEffect of 10% DecreaseInputEffect of 10% IncreaseEffect of 10% DecreaseStock price per share$0.30$412 $(400)$0.31$440 $(427)Volatility95 %427 (450)93 %438 (465)

 10.   EQUITYAuthorized, Issued and OutstandingThe authorized share capital of the Company consists of an unlimited number of SVS, Multiple Voting Shares, Super Voting Shares, and Preferred Shares. As of March 31, 2025, the Company had 196,696,597 SVS issued and outstanding and no Multiple Voting Shares, Super Voting Shares or Preferred Shares issued and outstanding. 

14

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)

WarrantsEach warrant entitles the holder to purchase one SVS. Certain warrants may be net share settled. The following table summarizes the status of warrants and related transactions:Non-Derivative (Equity) Warrants  Derivative Liabilities WarrantsTotal Number of WarrantsWeighted - Average Exercise PriceBalance as of January 1, 2025 50,518,53621,400,00071,918,536$1.03 Granted (1)8,010,626 — 8,010,626 $0.48 Balance as of March 31, 202558,529,16221,400,00079,929,162$0.98 Exercisable as of March 31, 2025 56,959,16221,400,00078,359,162$0.98 (1)In February 2025, the Company issued 8,010,626 warrants in connection with