Company: JUSHF
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023749
Chunk: 15

Company: Jushi Holdings Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 15
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' Equity (Deficit)Non-Controlling InterestsTotal Equity (Deficit)Subordinate Voting SharesBalances - January 1, 2025196,696,597 $508,386 $(558,621)$(50,235)$— $(50,235)Share-based compensation (including related parties)— (307)— (307)— (307)Reclassification of warrants— 1,377 — 1,377 — 1,377 Recognition of non-controlling interest in acquisition— — — — 300 300 Net loss— — (17,015)(17,015)— (17,015)Balances - March 31, 2025196,696,597 $509,456 $(575,636)$(66,180)$300 $(65,880)

Three Months Ended March 31, 2024Paid-In CapitalAccumulated DeficitTotal Jushi Shareholders' Equity (Deficit)Non-Controlling InterestsTotal Equity (Deficit)Subordinate Voting SharesBalances - January 1, 2024196,631,598 $503,612 $(509,844)$(6,232)$(1,387)$(7,619)Shares issued upon exercise of stock options3,333 2 — 2 — 2 Share-based compensation (including related parties)— 1,524 — 1,524 — 1,524 Issuance of warrants— 863 — 863 — 863 Net loss— — (18,355)(18,355)— (18,355)Balances - March 31, 2024196,634,931 $506,001 $(528,199)$(22,198)$(1,387)$(23,585)

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

3

JUSHI HOLDINGS INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(In thousands of U.S. dollars) 

Three Months EndedMarch 31,20252024CASH FLOWS FROM OPERATING ACTIVITIES:Net loss$(17,015)$(18,355)Adjustments to reconcile net loss to net cash provided by operating activities:Depreciation and amortization, including amounts in cost of goods sold8,035 6