Company: JUSHF
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037797
Chunk: 20

Company: Jushi Holdings Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 20
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— 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)Shares issued upon exercise of stock options8,333 5 — 5 — 5 Share-based compensation (including related parties)— 347 — 347 — 347 Deconsolidation of Jushi Europe— — — — 1,387 1,387 Net loss— — (1,938)(1,938)— (1,938)Balances - June 30, 2024196,643,264 $506,353 $(530,137)$(23,784)$— $(23,784)

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) 

Six Months EndedJune 30,20252024CASH FLOWS FROM OPERATING ACTIVITIES:Net loss$(29,346)$(20,293)Adjustments to reconcile net loss to net cash provided by operating activities:Depreciation and amortization, including amounts in cost of goods sold16,002 14,213 Share-based compensation67 1,871 Fair value changes in derivatives(450)(212)Non-cash interest expense, including amortization of deferred financing costs4,632 3,303 Deferred income taxes and uncertain tax positions17,583 17,953 Gain on debt extinguishment— (399)Gain on asset disposals(3,009)(1,010)Gain on deconsolidation of Jushi Europe— (1,896)Other non-cash items, net(531)(1,601)Changes in operating assets and liabilities:Accounts receivable942 1,393 Inventory2,086 (6,679)Prepaid expenses and other current and non-current assets384 (68)Accounts payable, accrued expenses and other current liabilities(2,766)5,466 Net cash flows provided by operating activities5,594 12