Company: JUSHF
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048797
Chunk: 54

Company: Jushi Holdings Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 8
Chunk 54
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 liabilities6,396 4,095 Operating lease obligations5,627 4,966 Accrued sales and excise taxes1,800 1,928 Accrued interest1,845 1,531 Deferred revenue (loyalty program)1,417 1,321 Accrued professional and management fees737 470 Other accrued expenses and current liabilities6,970 4,928 Total accrued expenses and other current liabilities$29,030 $32,786 (1)Refer to Note 4 - Prepaid Expenses and Other Current Assets for more information.

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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)

 8.   DEBTThe components of the Company’s debt are as follows:Effective Interest RateMaturity DateSeptember 30, 2025 (unaudited)December 31, 2024Principal amounts:Second Lien Notes17%December 2026$85,866 $80,131 Term Loans26%September 2026 (1)47,288 48,500 Acquisition-related promissory notes payable8% - 13%October 2025 - April 202728,512 22,289 Mortgage loans6% - 10%January 2027 - September 203032,612 29,054 Total debt subject to scheduled repayments194,278 179,974 Promissory notes payable to Sammartino (2)10%September 2024 - September 202621,500 21,500 Total debt215,778 201,474 Less: debt issuance costs and original issue discounts(11,201)(15,267)Total debt, net$204,577 $186,207 Debt, net - current portion$48,886 $2,758 Debt, net - non-current portion$155,691 $183,449 (1)Matures the earlier of (a) January 31, 2027 and (b) the date that is 91 days prior to the final maturity of the Second Lien Notes. The Second Lien Notes are set to mature December 2026.(2)This amount is related to the promissory notes issued to Sammartino Investments LLC (“Sammartino”)