Company: JUSHF
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048797
Chunk: 33

Company: Jushi Holdings Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 33
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 $138,708 $31,400 $389 $427 $21,828 $194,278 The above table excludes the maturities of the Company’s promissory notes payable to Sammartino, as the repayment of these notes, if any, would arise in the context of a non-appealable final judgment by a court. Refer to Note 16 - Commitments and Contingencies for more information. Specifically, the promissory notes that were payable to Sammartino are as follows: $16,500 in 2024 and $5,000 in 2026. However, these balances are classified as long-term debt since the Company does not expect to repay these amounts within the next 12 months.

Interest ExpenseInterest expense, net is comprised of the following:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Interest expenseInterest and accretion - Second Lien Notes$3,421 $2,838 $9,914 $8,513 Interest and accretion - Term Loans2,981 1,832 9,101 1,832 Interest and accretion - Finance lease liabilities2,602 2,478 7,600 7,550 Interest and accretion - Promissory notes911 1,043 2,646 3,699 Interest and accretion - Acquisition Facility— 658 — 4,845 Interest and accretion - Mortgage loans and other financing activities618 661 1,825 2,037 Capitalized interest(149)— (254)— Total interest expense10,384 9,510 30,832 28,476 Interest income(117)(128)(346)(479)Total interest expense, net$10,267 $9,382 $30,486 $27,997 

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Table of ContentsJUSHI HOLDINGS INC. Notes to the Unaudited Condensed Consolidated Financial Statements(Amounts Expressed in Thousands of U.S. dollars, Except Share and Per Share Amounts)

 9.   DERIVATIVE LIABILITIESThe following table summarizes the change in the Company’s derivative liabilities for the nine months ended September 30, 2025.Total Derivative Liabilities (1)Balance as of January 1, 2025$3,128 Derivative warrants issued (