Company: JUSHF
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048797
Chunk: 21

Company: Jushi Holdings Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 21
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ited condensed consolidated financial statements.

4

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

Nine Months EndedSeptember 30,20252024CASH FLOWS FROM OPERATING ACTIVITIES:Net loss$(53,035)$(36,309)Adjustments to reconcile net loss to net cash provided by operating activities:Depreciation and amortization, including amounts in cost of goods sold23,798 21,981 Share-based compensation424 2,953 Fair value changes in derivatives5,875 (2,840)Non-cash interest expense, including amortization of deferred financing costs7,213 5,062 Deferred income taxes and uncertain tax positions26,225 25,652 Loss on debt extinguishment— 362 Gain on asset disposals(2,712)(565)Gain on deconsolidation of Jushi Europe— (1,896)Other non-cash items, net923 318 Changes in operating assets and liabilities:Accounts receivable(245)1,662 Inventory(397)(9,148)Prepaid expenses and other current and non-current assets1,087 (2,109)Accounts payable, accrued expenses and other current liabilities2,518 9,292 Net cash flows provided by operating activities11,674 14,415 CASH FLOWS FROM INVESTING ACTIVITIES:Payments for property, plant and equipment(13,003)(2,534)Investments in intangible assets(1,099)— Proceeds from sale of assets3,950 2,723 Net cash flows (used in) provided by investing activities(10,152)189 CASH FLOWS FROM FINANCING ACTIVITIES:Proceeds from second lien notes, net of debt discount of $5124,608 — Proceeds from exercise of options— 39 Payments on promissory notes— (6,350)Proceeds from term loans, net of debt discount of $970— 47,530 Payments on acquisition related credit facility— (60,125)  Payments of finance leases(1,768)(1,661)Proceeds from mortgage loans, net of issuance cost of $203,473 — Payments of term loans(1,213)— Payments of loan financing costs— (2,357)