Company: JUSHF
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023749
Chunk: 52

Company: Jushi Holdings Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 52
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 (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. 

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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 Second Lien Notes issuances. Refer to Note 8 - Debt for more information. The grant date fair value of the non-derivative warrants issued was determined using the Black-Scholes option-pricing model. The following assumptions were used for the calculation at date of issuance:Weighted average stock price$0.33Weighted average expected stock price volatility91.8%Expected annual dividend yield0%Weighted average expected life of warrants5.0 yearsWeighted average risk-free annual interest rate4.1%Weighted average grant date fair value$0.22

Share-based Payment Award PlansPlan summary and descriptionUnder the Company’s 2019 Equity Incentive Plan, as amended, (the “2019 Plan”), non-transferable options to purchase SVS and restricted SVS of the Company may be issued to directors, officers,