Company: JUSHF
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037797
Chunk: 78

Company: Jushi Holdings Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 78
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2420252024NET LOSS$(12,331)$(1,938)$(29,346)$(20,293)Income tax expense 9,928 9,329 18,906 19,076 Interest expense, net10,219 9,071 20,219 18,615 Depreciation and amortization (1)7,967 7,377 16,002 14,213 EBITDA (Non-GAAP)15,783 23,839 25,781 31,611 Non-cash share-based compensation374 347 67 1,871 Fair value changes in derivatives187 (5,312)(450)(212)Tangible long-lived asset impairment— 157 — 157 Other (income) expense, net (2)(2,630)(2,657)(1,856)(3,305)Gain on debt extinguishment— — — (399)Gain on deconsolidation of Jushi Europe— (1,896)— (1,896)Adjusted EBITDA (Non-GAAP)$13,714 $14,478 $23,542 $27,827 

(1)Includes amounts that are included in cost of goods sold and in operating expenses.(2)Includes: (i) remeasurement of contingent consideration related to acquisitions; (ii) losses (gains) on legal settlements; (iii) losses (gains) on asset disposals; (iv) foreign exchange losses (gains); (v) indemnification asset adjustments related to acquisitions; and (vi) start-up costs.

Liquidity and Capital Resources

(Amounts expressed in thousands of U.S. dollars, unless otherwise stated)

Sources and Uses of Cash

We had cash, cash equivalents and restricted cash of $25,231 as of June 30, 2025. 

The major components of our statements of cash flows for the six months ended June 30, 2025 and 2024, are as follows:

Six Months Ended June 30,20252024$ Change% ChangeNet cash flows provided by operating activities $5,594 $12,041 $(6,447)(54)%Net cash flows (used in) provided by investing activities(4,834)959 (5,793)(604)%Net cash flows provided by (used in) financing activities 3,125 (9,275)12,