Company: JUSHF
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037797
Chunk: 33

Company: Jushi Holdings Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 33
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 period and an adjustment is reflected in fair value changes in derivatives in the consolidated statements of operations. These are Level 3 recurring fair value measurements. The estimated fair value of the Derivative Warrants was determined using the Black-Scholes model with stock price based on the OTCQX closing price of the Derivative Warrants issue date as of June 30, 2025 and December 31, 2024. The assumptions used in the fair value calculations as of the balance sheet dates presented include the following:June 30, 2025 (unaudited)December 31, 2024Stock price per share$0.32$0.31Risk-free annual interest rate3.74% - 3.84%4.24% - 4.35%Range of estimated possible exercise price$1.00 - $2.086$1.00 - $2.086Weighted average volatility96%93%Remaining life1.4 - 4.1 years2 - 4.6 yearsForfeiture rate0%0%Expected annual dividend yield0%0%Volatility was estimated by using a weighting of the Company’s historical volatility. The risk-free interest rate for the expected life of the Derivative Warrants was based on the yield available on government benchmark bonds with an approximate equivalent remaining term. The expected life is based on the contractual term. If any of the assumptions used in the calculation were to increase or decrease, this could result in a material or significant increase or decrease in the 

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Table of ContentsJUSHI HOLDINGS INC. Notes to the Unaudited Condensed Consolidated Financial Statements(Amounts Expressed in Thousands of U.S. dollars, Except Share and Per Share Amounts)

estimated fair value of the derivative liability. For example, the following table illustrates an increase or decrease in certain significant assumptions as of the balance sheet dates:As of June 30, 2025As of December 31, 2024(unaudited)InputEffect of 10% IncreaseEffect of 10% DecreaseInputEffect of 10% IncreaseEffect of 10% DecreaseStock price per share$0.32$437 $(424)$0.31$440 $(427)Volatility96 %440 (464)93 %438 (465)

 10.   EQUITYAuthorized, Issued and OutstandingThe authorized share capital of the Company consists of an unlimited number of SVS, Multiple Voting Shares,