Company: JUSHF
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037797
Chunk: 17

Company: Jushi Holdings Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 17
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1Item 1. Financial Statements

JUSHI HOLDINGS INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

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

June 30, 2025 (unaudited)December 31, 2024ASSETSCURRENT ASSETS:Cash and cash equivalents$23,206 $19,521 Accounts receivable, net791 1,461 Inventory, net34,226 36,138 Prepaid expenses and other current assets6,005 15,030 Total current assets64,228 72,150 NON-CURRENT ASSETS:Property, plant and equipment, net144,730 144,063 Right-of-use assets - finance leases59,178 60,627 Other intangible assets, net97,024 100,472 Goodwill 30,910 30,910 Other non-current assets34,274 30,273 Restricted cash - non-current2,025 1,825 Total non-current assets 368,141 368,170 Total assets $432,369 $440,320 LIABILITIES AND EQUITY (DEFICIT)CURRENT LIABILITIES:Accounts payable$17,376 $21,459 Accrued expenses and other current liabilities26,858 32,786 Income tax payable1,772 2,299 Debt, net - current portion (including related party principal amounts of $1,600 and $800 as of June 30, 2025 and December 31, 2024, respectively)7,088 2,758 Finance lease obligations - current10,028 9,593 Total current liabilities63,122 68,895 NON-CURRENT LIABILITIES:Debt, net - non-current (including related party principal amounts of $40,320 and $35,296 as of June 30, 2025 and December 31, 2024, respectively)192,826 183,449 Finance lease obligations - non-current53,397 52,742 Derivative liabilities - non-current3,070 3,128 Unrecognized tax benefits162,785 143,688 Other liabilities - non-current35,006 38,653 Total non-current liabilities447,084 421,660 Total liabilities510,206 490,555 COMMITMENTS AND CONTINGENCIES (Note 16)E