Company: JUSHF
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001628280-25-010947
Chunk: 116

Company: Jushi Holdings Inc.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 8
Chunk 116
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 those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ Macias Gini & O’Connell LLP

We have served as the Company's auditor since 2023.

Irvine, California

March 6, 2025

69

JUSHI HOLDINGS INC.

CONSOLIDATED BALANCE SHEETS

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

December 31, 2024December 31, 2023ASSETSCURRENT ASSETS:Cash and cash equivalents$19,521 $26,027 Restricted cash - current— 3,128 Accounts receivable, net1,461 3,380 Inventories, net36,138 33,586 Prepaid expenses and other current assets15,030 15,514 Total current assets72,150 81,635 NON-CURRENT ASSETS:Property, plant and equipment, net144,063 159,268 Right-of-use assets - finance leases60,627 63,107 Other intangible assets, net100,472 95,967 Goodwill 30,910 30,910 Other non-current assets30,273 30,358 Restricted cash - non-current1,825 2,150 Total non-current assets 368,170 381,760 Total assets $440,320 $463,395 LIABILITIES AND EQUITY (DEFICIT)CURRENT LIABILITIES:Accounts payable$21,459 $15,383 Accrued expenses and other current liabilities32,786 44,070 Income tax payable2,299 5,190 Debt, net - current portion (including related party principal amounts of $800 and $3,298 as of December 31, 2024 and 2023, respectively)2,758 86,514 Finance lease obligations - current9,593 8,885 Derivative liabilities - current— 2,418 Total current liabilities68,895 162,460 NON-CURRENT LIABILITIES:Debt, net - non-current (including related party principal amounts of $35,296 and $19,788 as of December 31,