Company: JUSHF
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037797
Chunk: 18

Company: Jushi Holdings Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 18
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QUITY (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 June 30, 2025 and December 31, 2024, respectively— — Paid-in capital509,830 508,386 Accumulated deficit(587,967)(558,621)Total Jushi shareholders' deficit(78,137)(50,235)Non-controlling interests300 — Total deficit(77,837)(50,235)Total liabilities and equity (deficit)$432,369 $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 June 30,Six Months Ended June 30,2025202420252024REVENUE, NET$65,046 $64,595 $128,892 $130,054 COST OF GOODS SOLD(36,122)(32,029)(74,193)(65,158)GROSS PROFIT28,924 32,566 54,699 64,896 OPERATING EXPENSES25,322 24,162 52,968 52,373 INCOME FROM OPERATIONS3,602 8,404 1,731 12,523 OTHER INCOME (EXPENSE):Interest expense, net (10,219)(9,071)(20,219)(18,615)Fair value gain (loss) on derivatives(187)5,312 450 212 Other, net4,401 2,746 7,598 4,663 Total other income (expense), net(6,005)(1,013)(12,171)(13,740)INCOME (LOSS) BEFORE INCOME TAX(2,403)7,391 (10,440)(1,217)Income tax expense(9,928)(9,329)(18,906)(19,076)NET LOSS$(12,331)$(1,938)$(29,346)$(20,293)LOSS PER SHARE - BASIC AND DILUTED$(0.06)$(0.01)$(0.15)