Company: JUSHF
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023749
Chunk: 14

Company: Jushi Holdings Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 14
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)EQUITY (DEFICIT):Common stock, no par value: authorized shares - unlimited; issued and outstanding shares - 196,696,597 and 196,696,597 Subordinate Voting Shares as of March 31, 2025 and December 31, 2024, respectively— — Paid-in capital509,456 508,386 Accumulated deficit(575,636)(558,621)Total Jushi shareholders' deficit(66,180)(50,235)Non-controlling interests300 — Total deficit(65,880)(50,235)Total liabilities and equity (deficit)$433,617 $440,320  The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

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Table of ContentsJUSHI HOLDINGS INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS  (In thousands of U.S. dollars, except share and per share amounts)

Three Months Ended March 31,20252024REVENUE, NET$63,846 $65,459 COST OF GOODS SOLD(38,071)(33,129)GROSS PROFIT25,775 32,330 OPERATING EXPENSES27,646 28,211 INCOME (LOSS) FROM OPERATIONS(1,871)4,119 OTHER INCOME (EXPENSE):Interest expense, net (10,000)(9,544)Fair value gain (loss) on derivatives637 (5,100)Other, net3,197 1,917 Total other income (expense), net(6,166)(12,727)LOSS BEFORE INCOME TAX(8,037)(8,608)Income tax expense(8,978)(9,747)NET LOSS$(17,015)$(18,355)LOSS PER SHARE - BASIC AND DILUTED$(0.09)$(0.09)Weighted average shares outstanding - basic and diluted195,196,597 195,131,642 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

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Table of ContentsJUSHI HOLDINGS INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (DEFICIT) (In thousands of U.S. dollars, except share amounts)

Three Months Ended March 31, 2025Paid-In CapitalAccumulated DeficitTotal Jushi Shareholders