Company: JUSHF
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023749
Chunk: 50

Company: Jushi Holdings Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 50
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 $2,748 Interest and accretion - Term Loans3,190 — Interest and accretion - Finance lease liabilities2,475 2,668 Interest and accretion - Promissory notes814 1,374 Interest and accretion - Acquisition Facility— 2,152 Interest and accretion - Mortgage loans and other financing activities602 706 Capitalized interest(62)— Total interest expense10,122 9,648 Interest income(122)(104)Total interest expense, net$10,000 $9,544 

 9.   DERIVATIVE LIABILITIESThe following table summarizes the change in the Company’s derivative liabilities for the three months ended March 31, 2025.Total Derivative Liabilities (1)Balance as of January 1, 2025$3,128 Derivative warrants issued (2)1,769 Fair value changes(637)Reclassification to equity (2)(1,377)Balance as of March 31, 2025$2,883 (1)Refer to Note 10 - Equity for the change in number of warrants during the three months ended March 31, 2025.(2)In February 2025, the Company issued 8,010,626 warrants in connection with Second Lien Notes issuances, which were reclassified to equity upon the finalization of the exercise price in March 2025. Refer to Note 8 - Debt for more information. The Company’s derivative liabilities are primarily comprised of derivative warrants (“Derivative Warrants”). These are warrants to purchase SVS of the Company and were issued in connection with the Company’s Second Lien Notes and the Term Loans. The Derivative Warrants may be net share settled.As of March 31, 2025 and December 31, 2024 there were 21,400,000 Derivative Warrants outstanding, which consisted of (i) 2,000,000 warrants with an exercise price of $2.086 per warrant and expiration date in December 2026, and (ii) 19,400,000 warrants with an exercise price of $1.00 per warrant and expiration date in July 2029.Derivative Warrants are considered derivative financial liabilities measured at fair value with all gains or losses recognized in profit or loss as the settlement amount for the Derivative Warrants may be adjusted during certain periods for variables that are not inputs to