Company: JUSHF
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001628280-25-010947
Chunk: 59

Company: Jushi Holdings Inc.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1A
Chunk 59
---
.

•We have in the past and may in the future experience threats and breaches to our data and information technology systems, including malicious software codes, viruses, phishing, ransomware and other cyber-attacks, that disrupt our information systems or operations, or result in the dissemination of sensitive personal or confidential information or unauthorized financial access, theft or crimes, which could result in increased costs, economic 

35

Table of Contents

losses, exposure to significant liability, reputational harm, loss of business, and other serious negative consequences.

•We have a substantial level of indebtedness that requires us to comply with certain restrictions and covenants, and we may not be able to generate sufficient cash to service all of our indebtedness and may be forced to take other actions to satisfy our obligations under our indebtedness, which may not be successful. The terms of our indebtedness may also impair our ability to respond to changing business and economic conditions and may seriously harm our business.

Risks Related to the Regulatory Environment

•Cannabis is illegal under U.S. federal law.

•The regulation of cannabis in the U.S. is uncertain.

•Government inquiries and investigations could harm our business or reputation.

•We are constrained by law in our ability to market our products in the jurisdictions in which we operate.

•Anti-Money Laundering Laws in the U.S. may limit access to funds from banks and other financial institutions.

•We are subject to certain tax provisions that have a material adverse effect on our business, financial condition and results of operations, have a higher risk of IRS Audits and may not be successful in defending our tax filing positions.

•The re-classification of cannabis or changes in U.S. controlled substance laws and regulations could have a material adverse effect on our business, financial condition and results of operations.

•Potential regulation by the FDA could have a material adverse effect on our business, financial condition and results of operations.

•We could be materially adversely impacted due to restrictions under U.S. border entry laws.

•Challenging U.S. and global economic conditions may negatively impact our business, financial condition and results of operations.

•As a cannabis company, we may be subject to heightened scrutiny in Canada and the U.S. that could materially adversely impact the liquidity of the Subordinate Voting Shares.

•We may not have access to U.S. bankruptcy protections available to non-cannabis businesses.

•There is doubt regarding our ability to enforce contracts.

•We are subject to limits on our ability to own the licenses necessary to operate