Company: JUSHF
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037797
Chunk: 42

Company: Jushi Holdings Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 42
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 Pacific Collective is entitled to recover in excess of $20,000 in damages. TGS believes it lawfully rescinded the lease based on Pacific Collective’s failure to purchase the property that was the subject of the lease and to construct and deliver the building contemplated by the lease and is of the position that no damages are owed to Pacific Collective. The Referee assigned to the matter ruled in favor of and awarded fees and costs to TGS and Jushi. Pacific Collective filed an appeal on July 3, 2024.

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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)

CommitmentsIn addition to the contractual obligations outlined in Note 8 - Debt, the Company has commitments as of June 30, 2025 related to property and construction.In connection with various license applications, the Company may enter into conditional leases or other property commitments which will be executed if the Company is successful in obtaining the applicable license and/or resolving other contingencies related to the license or application.In addition, the Company expects to incur capital expenditures for leasehold improvements and construction of buildouts of certain locations, including for properties for which the lease is conditional on obtaining the applicable related license or for which other contingencies exist.

 17.   FINANCIAL INSTRUMENTSThe following table sets forth the Company’s financial assets and liabilities, subject to fair value measurements on a recurring basis, by level within the fair value hierarchy:June 30, 2025 (unaudited)December 31, 2024Financial liabilities: (1)Derivative liabilities (2)$3,070 $3,128 Contingent consideration liabilities (3)— 5,912 Total financial liabilities$3,070 $9,040 (1)The Company has no financial assets or liabilities in Level 1 or 2 within the fair value hierarchy as of June 30, 2025 and December 31, 2024, and there were no transfers between hierarchy levels during the six months ended June 30, 2025 or year ended December 31, 2024.(2)Refer to Note 9 - Derivative Liabilities.(3)This was related to the acquisitions of Statewide and RJK. During the six months ended June 30, 2025, the balance was reclassified as debt as of the second closing for both acquisitions. Refer