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

Company: Jushi Holdings Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 2
Chunk 11
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 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 was $11,674, as compared to $14,415. The decrease was primarily due to a decline in our operating results. 

Investing activities

Net cash used in investing activities was $10,152 compared to net cash provided by investing activities of $189. The current year includes $13,003 for the purchase of property, plant and equipment for use in our operations, and $1,099 of intangible assets acquired, which were partially offset by $3,950 proceeds from sale of non-core assets. The prior year 

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includes $2,534 for the purchase of property, plant and equipment for use in our operations, which was more than offset by $2,723 in proceeds from the sale of non-core assets.

Financing activities

Net cash provided by financing activities was $3,291 compared to net cash used in financing activities of $23,018.

The current year cash flows provided by financing activities includes $4,608 net proceeds from Second Lien Notes and $3,473 net mortgage loan proceeds, which were partially offset by $1,768 in net finance lease obligation payments, $1,365 in payments of other financing activities, $1,213 Term Loan payments, and $444 in payments of mortgage-related debt.

The prior year net cash flows used in financing activities includes $60,125 payments related to the Acquisition Facility which was extinguished in July 2024, and $12,047 in other payments. These payments were partially offset by $47,530 of net proceeds from the issuance of