Company: JUSHF
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037797
Chunk: 69

Company: Jushi Holdings Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 69
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 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. 

Recent Developments

(Amounts expressed in thousands of U.S. dollars)

Sale of Non-core Assets

In May 2025, we completed the sale of certain non-core assets for one of our dispensary licenses in Nevada and received $3,000 in proceeds.

Ohio

In the fourth quarter of 2024, we entered into two definitive agreements to purchase assets in the state of Ohio for four dispensary licenses. During the six months ended June 30, 2025, ownership of three of the dispensary licenses was transferred to us, with the fourth transfer of ownership expected in the second half of 2025.

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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 June 30,Six Months Ended June 30,202520242025 vs. 2024202520242025 vs. 2024Amount% of RevenueAmount% of Revenue$ ChangeAmount% of RevenueAmount% of Revenue$ ChangeREVENUE, NET$65,046 100%$64,595 100%$451 $128,892 100%$130,054 100%$(1,162)COST OF GOODS SOLD(36,122)(56)%(32,029)(50)%(4,093)(74,193)(58)%(65,158)(50)%(9,035)GROSS PROFIT28,924 44%32,566 50%(3,642)54,699 42%64,896 50%(10,197)OPERATING EXPENSES25,322 39%24,162 37%1,160 52,968 41%52,373 40%595 INCOME FROM OPERATIONS3,602 6%8,404 13%(4,802)1,731 1%12,523 10%(10,792)OTHER INCOME (EXPENSE):Interest expense, net(10,219)(16)%(9,071)(14)%(1,148)(20,219)(16)%(18,615)(14)%(1,604)Fair value gain (loss) on derivatives(187)—%5,312 8%(5