Company: JUSHF
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037797
Chunk: 63

Company: Jushi Holdings Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 63
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 respectively. The total amount of interest and penalties related to the liability for unrecognized tax benefits recorded in income tax expense during the three and six months ended June 30, 2024 was $2,277 and $4,452, respectively.

 15.   RELATED PARTY TRANSACTIONSThe Company had the following related party transactions:Three Months Ended June 30,Six Months Ended June 30,As of2025202420252024June 30, 2025 (unaudited)December 31, 2024Nature of transactionRelated Party ExpenseRelated Party ExpenseRelated Party Payable12% Second Lien Notes - interest expense and principal amount (1)$(780)$(575)$(1,447)$(1,152)$(25,920)$(20,096)Term Loans - interest expense and principal amount  (2)$(489)$— $(972)$— $(16,000)$(16,000)(1)The Second Lien Notes payable and the related interest expense include amounts related to the Company’s Chief Executive Officer, as well as a significant investor. In February 2025, an entity affiliated with the Company’s Chief Executive Officer, as well as a significant investor, each purchased additional Second Lien Notes in the principal amount of US$3,719 and C$2,000 respectively, and also received 5,810,938 warrants and 2,199,688 warrants, respectively. Refer to Note 8 - Debt for more information.(2)The Term Loans payable and the related interest expense include amounts related to the Company’s Chief Executive Officer, as well as a significant investor, who each participated as Term Loan lenders in the Company’s senior secured term loan refinancing completed in July 2024 in the principal amounts of $9,000 and $7,000 respectively, and also received 3,600,000 warrants and 2,800,000 warrants, respectively. Refer to Note 8 - Debt for more information.

 16.   COMMITMENTS AND CONTINGENCIESContingenciesAlthough the possession, cultivation and distribution of cannabis for medical and recreational use is permitted in certain states, cannabis is classified as a Schedule I controlled substance under the U.S. Controlled Substances Act and its use remains a violation of federal law. The Company’s operations are subject to a variety of local and state regulations. Failure to comply with one or more of those regulations could result in fines, restrictions on its operations, or losses of permits that could result in the Company ce