Company: JUSHF
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023749
Chunk: 1

Company: Jushi Holdings Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 2
Chunk 1
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 may offer products and/or services with prices that may match or are lower than ours. We believe that the products and services we offer are generally competitive with those offered by other cannabis companies. It is possible that one or more of our competitors could develop a significant research advantage over us that allows them to provide superior products or pricing, which could put us at a competitive disadvantage. Continued pricing pressure due to competition, increased cannabis supply or shifts in customer preferences could adversely impact our customer base or pricing structure, resulting in a material impact on our results of operations, or asset impairments in future periods. 

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Table of Contents

Results of Operations

(Amounts expressed in thousands of U.S. dollars, except share and per share amounts)

Three Months Ended March 31,202520242025 vs. 2024AmountPercentage of RevenueAmountPercentage of RevenueChangeREVENUE, NET$63,846 100 %$65,459 100 %$(1,613)COST OF GOODS SOLD(38,071)(60)%(33,129)(51)%(4,942)GROSS PROFIT25,775 40 %32,330 49 %(6,555)OPERATING EXPENSES27,646 43 %28,211 43 %(565)INCOME (LOSS) FROM OPERATIONS(1,871)(3)%4,119 6 %(5,990)OTHER INCOME (EXPENSE):Interest expense, net(10,000)(16)%(9,544)(15)%(456)Fair value gain (loss) on derivatives637 1 %(5,100)(8)%5,737 Other, net3,197 5 %1,917 3 %1,280 Total other income (expense), net(6,166)(10)%(12,727)(19)%6,561 LOSS BEFORE INCOME TAX(8,037)(13)%(8,608)(13)%571 Income tax expense(8,978)(14)%(9,747)(15)%769 NET LOSS$(17,015)(27)%$(18,355)(28)%$1,340 LOSS PER SHARE - BASIC AND DILUTED$(0.09)$(0.09)$— Weighted average shares outstanding - basic and diluted195,196,597 195,131,642 64,955 

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Three Months Ended March 31, 2025 Compared with