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Jushi Holdings Inc. (C:JUSH)

Business Focus: Alternative Medicine

Sector:  Healthcare Industry:  Pharmaceuticals
 
Company Contact
Address: 1800 NW Corporate Boulevard, Suite 200
BOCA RATON FL 33431
Tel: N/A
Website: https://jushico.com
IR: See website
Key People
James Cacioppo
Chairman of the Board, Chief Executive Officer, Founder
Louis J. Barack
President, Co-Founder
Michelle O. Mosier
Chief Financial Officer, Chief Accounting Officer
Nichole Upshaw
Chief People Officer
Shaunna Patrick
Chief Commercial Director
Trenton Woloveck
Chief Strategy Director
Tobi Lebowitz
Chief Legal Officer and Corporate Secretary
   
Business Overview
Jushi Holdings Inc. is a vertically integrated, multi-state cannabis operator, which is engaged in retail, distribution, cultivation, and processing operations in both medical and adult-use markets. The Company owns or manages cannabis operations and/or holds licenses in the adult-use and/or medicinal cannabis marketplace in Illinois, Pennsylvania, Virginia, Massachusetts, Nevada, California and Ohio. Its brands include The Bank, The Lab, Seche, Tasteology and Hijinks. The Bank offers pre-packaged flowers, infused blunts and pre-rolls comprised of three tiered lines, including Gold Standard, Cache and Vault. The Lab offers a selection of vape cartridges, disposables and concentrates. Tasteology is an edible brand, which offers premium, real fruit, cannabis-infused gummies and chewable tablets. Seche offers products like Fine Grind (Shake), Fine Flower (Popcorn) and Singles (Pre-Rolls). Hijinks is a flower brand, which is available in Massachusetts, Pennsylvania and Virginia.
Financial Overview
For the nine months ended 30 September 2023, Jushi Holdings Inc revenues decreased 3% to $201.7M. Net loss applicable to common stockholders decreased 24% to $47.1M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Indefinite-lived asset impairment decrease from $37.6M (expense) to $0K, Other expenses decrease of 85% to $5.5M (expense).
Employees: 1,200 as of Dec 31, 2021
Reporting Currency: U.S. Dollars
Enterprise value: $545.44M as of Sep 30, 2023
Annual revenue (TTM): $378.45M as of Sep 30, 2023
EBITDA (TTM): $23.32M as of Sep 30, 2023
Net annual income (TTM): -$254.88M as of Sep 30, 2023
Free cash flow (TTM): -$25.93M as of Sep 30, 2023
Net Debt Last Fiscal Year: $337.98M as of Sep 30, 2023
Shares outstanding: 196,631,598 as of Nov 7, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization