Company: JUSHF
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037797
Chunk: 79

Company: Jushi Holdings Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 79
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400 134 %Net change in cash, cash equivalents and restricted cash$3,885 $3,725 $160 4 %

Operating activities 

Cash provided by operations was $5,594, as compared to $12,041. The decrease was primarily due to a decline in our operating results.

Investing activities

Net cash used in investing activities was $4,834 compared to net cash provided by investing activities of $959. The current year includes $8,137 for the payments of property, plant and equipment for use in our operations, and $647 of intangible assets acquired, which were partially offset by $3,950 proceeds from sale of non-core assets. The prior year includes $1,764 for the payments 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.

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Financing activities

Net cash provided by financing activities was $3,125 compared to net cash used in financing activities of $9,275.

The current year cash flows provided by financing activities includes $4,608 of net proceeds from Second Lien Notes and $750 in proceeds from other financing activities, which were partially offset by $925 in net finance lease obligation payments, $1,011 in payments of other financing activities, and $297 in payments of mortgage-related debt.

The prior year net cash flows used in financing activities includes $9,910 in payments, partially offset by $635 of proceeds from other financing activities.

Liquidity

We believe that our existing cash and cash equivalents and cash from operations will be sufficient to meet our working capital and capital expenditure needs for at least the next twelve months. During the six months ended June 30, 2025, we enhanced liquidity by factoring certain employee retention credit claims and we also issued Second Lien Notes - refer to Note 4 - Prepaid Expenses and Other Current Assets and Note 8 - Debt of our Quarterly Financial Statements contained in Part I. Item 1 of this report for more information. We may choose to take advantage of additional opportunistic capital raising or refinancing transactions at any time. Depending on our future results of operations, we may need to engage in additional equity financing or other debt refinancing transactions in the longer term beyond twelve months, although there can be no assurances that such additional debt or equity financing may be obtained on favorable terms when required, if at all.

Off-Balance Sheet Arrangements and Contractual Obligations