Company: JUSHF
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001628280-25-010947
Chunk: 58

Company: Jushi Holdings Inc.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1A
Chunk 58
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Item 1A. Risk Factors

Summary of Risk Factors

The Company is subject to numerous risks and uncertainties, any of which could have a significant or material adverse effect on our business, financial condition, liquidity or consolidated financial statements. This summary does not address all of the risks that we face. Additional discussion of the risks summarized in this risk factor summary, and other risks we face, can be found below under the heading “Risk Factors” and should be carefully considered, together with other information in this Annual Report on Form 10-K and our other filings with the SEC, before making a decision to invest in our Subordinate Voting Shares. 

Risks Related to Our Business and Industry

•The cannabis industry is relatively new, and we face risks due to such immaturity and limited comparable, competitive or established industry best practices.

•Our ability to grow our medical and adult-use cannabis product offerings and dispensary services may be limited.

•Our success will depend, in part, on our ability to grow our business, which may be through acquiring other companies or technologies which each includes inherent risks.

•If we cannot manage our growth, it could have a material adverse effect on our business, financial condition and results of operations.

•We have a history of losses and negative cash flow from operations, and we expect to incur significant ongoing costs and obligations related to our investment in infrastructure, growth, regulatory compliance and operations and may not be able to sustain profitability.

•The market for the Subordinate Voting Shares may be limited for holders of our securities who live in the U.S.

•We expect to be subject to taxation in both Canada and the U.S., which could have a material adverse effect on our financial condition and results of operations.

•We face increasing competition that may materially and adversely affect our business, financial condition and results of operations.

•We are subject to risks related to growing an agricultural product.

•We are highly dependent on certain key personnel.

•We face inherent risks of liability claims related to the use of our products.

•We may become party to litigation in the ordinary course of business.

•Consumer preferences may change and our products may no longer be appealing to consumers.

•Our medical marijuana business may be impacted by consumer perception of the cannabis industry, which we cannot control or predict.

•We face exposure to fraudulent or illegal activity by employees, contractors, consultants and agents, which may subject us to investigations and actions, and our reputation and ability to do business may be negatively impacted by the improper conduct of our business partners, employees or agents