Company: JUSHF
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048797
Chunk: 17

Company: Jushi Holdings Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 17
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1Item 1. Financial Statements

JUSHI HOLDINGS INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands of U.S. dollars, except share amounts)

September 30, 2025 (unaudited)December 31, 2024ASSETSCURRENT ASSETS:Cash and cash equivalents$23,173 $19,521 Accounts receivable, net872 1,461 Inventory, net36,797 36,138 Prepaid expenses and other current assets7,759 15,030 Total current assets68,601 72,150 NON-CURRENT ASSETS:Property, plant and equipment, net144,462 144,063 Right-of-use assets - finance leases59,063 60,627 Other intangible assets, net94,802 100,472 Goodwill 30,910 30,910 Other non-current assets31,634 30,273 Restricted cash - non-current2,225 1,825 Total non-current assets 363,096 368,170 Total assets $431,697 $440,320 LIABILITIES AND EQUITY (DEFICIT)CURRENT LIABILITIES:Accounts payable$20,210 $21,459 Accrued expenses and other current liabilities29,030 32,786 Income tax payable771 2,299 Debt, net - current portion (including related party principal amounts of $15,600 and $800 as of September 30, 2025 and December 31, 2024, respectively)48,886 2,758 Finance lease obligations - current10,291 9,593 Total current liabilities109,188 68,895 NON-CURRENT LIABILITIES:Debt, net - non-current (including related party principal amounts of $25,667 and $35,296 as of September 30, 2025 and December 31, 2024, respectively)155,691 183,449 Finance lease obligations - non-current53,871 52,742 Derivative liabilities - non-current9,395 3,128 Unrecognized tax benefits (including interest and penalties of $36,271 and $27,839 as of September 30, 2025 and December 31, 2024, respectively)171,180 143,688 Other liabilities - non-current33,841 38,653 Total non