Company: JUSHF
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023749
Chunk: 21

Company: Jushi Holdings Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 21
---
, of $1,978 represents the portion of retained claims that have not yet been refunded by the IRS. During the three months ended March 31, 2025, the Company received payments on retained claims from the IRS in the amount of $2,168, plus interest on such amounts, which were recorded in other income (expense), net in the consolidated statements of operations. In addition, the IRS paid $160 of factored claims plus interest, which is also recorded in other income (expense), net in the consolidated statement of operations.Assets Held for SaleAs of March 31, 2025 and December 31, 2024, the Company determined that certain assets relating to one of its dispensaries located in Nevada, with total carrying value of $611, met the criteria to be classified as assets held for sale, and is included in Prepaid expenses and other current assets in the consolidated balance sheet. The sale of the dispensary is expected to be completed within three months from March 31, 2025.

8

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)

 5.   PROPERTY, PLANT AND EQUIPMENTThe components of property, plant and equipment (“PPE”) are as follows:March 31, 2025 (unaudited)December 31, 2024Buildings and building components$89,158 $89,124 Land12,956 12,956 Leasehold improvements49,117 47,514 Machinery and equipment23,968 23,959 Furniture, fixtures and office equipment (including computer)23,434 22,597 Construction-in-process3,465 2,533 Total property, plant and equipment - gross202,098 198,683 Less: Accumulated depreciation(58,707)(54,620)Total property, plant and equipment - net$143,391 $144,063 Construction-in-process represents assets under construction for manufacturing and retail build-outs not yet ready for use.Depreciation was $4,502 and $4,909 for the three months ended March 31, 2025 and 2024, respectively. Interest expense capitalized to PPE totaled $62 and $0 for the three months ended March 31, 2025 and 2024, respectively.

 6.   OTHER NON