Company: JUSHF
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048797
Chunk: 82

Company: Jushi Holdings Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 8
Chunk 82
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 was $11,674, as compared to $14,415. The decrease was primarily due to a decline in our operating results. 

Investing activities

Net cash used in investing activities was $10,152 compared to net cash provided by investing activities of $189. The current year includes $13,003 for the purchase of property, plant and equipment for use in our operations, and $1,099 of intangible assets acquired, which were partially offset by $3,950 proceeds from sale of non-core assets. The prior year 

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includes $2,534 for the purchase of property, plant and equipment for use in our operations, which was more than offset by $2,723 in proceeds from the sale of non-core assets.

Financing activities

Net cash provided by financing activities was $3,291 compared to net cash used in financing activities of $23,018.

The current year cash flows provided by financing activities includes $4,608 net proceeds from Second Lien Notes and $3,473 net mortgage loan proceeds, which were partially offset by $1,768 in net finance lease obligation payments, $1,365 in payments of other financing activities, $1,213 Term Loan payments, and $444 in payments of mortgage-related debt.

The prior year net cash flows used in financing activities includes $60,125 payments related to the Acquisition Facility which was extinguished in July 2024, and $12,047 in other payments. These payments were partially offset by $47,530 of net proceeds from the issuance of Term Loans and $1,624 of proceeds from other financing activities.

Liquidity

As of September 30, 2025, our Term Loans with a principal balance of $47,288 are scheduled to mature within the next twelve months. The Term Loans’ upcoming maturity raises substantial doubt about our ability to continue as a going concern without refinancing. Given our plan to refinance before maturity and our consistent history of successful refinancing, substantial doubt has been alleviated. We believe that our existing cash and cash equivalents, cash from operations and from refinancing will be sufficient to meet our working capital and capital expenditure needs for at least the next twelve months. 

During the nine months ended September 30, 2025, we enhanced liquidity by factoring certain employee retention credit claims, issuing Second Lien Notes, and increasing the principal balance on one of our mortgage loans - refer to Note 4 - Prepaid Expenses and Other Current Assets and Note 8 - Debt of our