Company: JUSHF
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023749
Chunk: 46

Company: Jushi Holdings Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 46
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S AND OTHER CURRENT LIABILITIESThe components of accrued expenses and other current liabilities are as follows:March 31, 2025 (unaudited)December 31, 2024Deferred income - ERC (1)$1,931 $9,181 Goods received not invoiced3,046 4,366 Accrued employee related expenses and liabilities5,845 4,095 Operating lease obligations5,055 4,966 Accrued sales and excise taxes1,519 1,928 Accrued interest1,523 1,531 Deferred revenue (loyalty program)1,417 1,321 Accrued professional and management fees783 470 Other accrued expenses and current liabilities3,793 4,928 Total accrued expenses and other current liabilities$24,912 $32,786 (1)Refer to Note 4 - Prepaid Expenses and Other Current Assets for more information.

 8.   DEBTThe components of the Company’s debt are as follows:Effective Interest RateMaturity DateMarch 31, 2025 (unaudited)December 31, 2024Principal amounts:Second Lien Notes15%December 2026$85,334 $80,131 Term Loans26%September 2026 (1)48,500 48,500 Acquisition-related promissory notes payable8% - 12%October 2025 - April 202728,512 22,289 Mortgage loans6% - 10%January 2027 - April 202828,903 29,054 Total debt subject to scheduled repayments191,249 179,974 Promissory notes payable to Sammartino (2)10%September 2024 - September 202621,500 21,500 Total debt212,749 201,474 Less: debt issuance costs and original issue discounts(15,849)(15,267)Total debt, net$196,900 $186,207 Debt, net - current portion$3,848 $2,758 Debt, net - non-current portion$193,052 $183,449 (1)Matures the earlier of (a) January 31, 2027 and (b) the date that is 91 days prior to the final maturity of the Second Lien Notes. The Second Lien Notes are