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Jushi Holdings Inc. (C:JUSH)

Business Focus: Alternative Medicine

Sector:  Healthcare Industry:  Pharmaceuticals
See Regulatory Filings on SEDAR
Company Contact
Address: 1800 NW Corporate Boulevard, Suite 200
Tel: N/A
IR: See website
Key People
James Cacioppo
Chairman of the Board, Chief Executive Officer, Founder
Brendon Lynch
Executive Vice President - Retail Operations
Louis J. Barack
President, Founder, Interim Chief Financial Officer, Company Secretary
Leonardo Garcia Berg
Chief Operating Officer
Nichole Upshaw
Executive Vice President of Human Resources
Michael Perlman
Executive Vice President of Investor Relations, Treasury
Olivier Blechner
Executive Vice President - Business Development
Ryan Cook
Executive Vice President - Operations
Tobi Lebowitz
Executive Vice President, Co-Head of Legal Affairs
Matt Leeth
Executive Vice President, Co-Head of Legal Affairs
Business Overview
Jushi Holdings Inc. is a globally focused cannabis and hemp company. The Company is focused on building a portfolio of branded cannabis and hemp-derived assets engaged in retail, distribution, cultivation and processing operations across the United States. It is focused on markets, such as Pennsylvania, Virginia, Ohio, Illinois, California and Nevada. Its brands include Beyond / Hello, Nira, The Lab, The Bank, Tasteology, and Seche. Beyond / Hello is a brand of cannabis dispensaries. Nira is a line of hemp-based cannabidiol (CBD) products. The Bank brand is focused on producing cannabis seeds and flower. The Lab brand produces concentrate across various product formulations. Tasteology brand provides edibles. Seche brand provides fine flower and pre-rolls.
Financial Overview
For the three months ended 31 March 2022, Jushi Holdings Inc revenues increased 49% to $61.9M. Net loss decreased 46% to $14.3M. Revenues reflect Retail segment increase of 47% to $57.9M, Wholesale segment increase from $4.2M to $9.5M. Lower net loss reflects Fair value changes in derivatives increase from $9.4M (expense) to $14.3M (income), Other expense, net increase from $710K (expense) to $155K (income).
Employees: 1,200 as of Dec 31, 2021
Reporting Currency: U.S. Dollars
Enterprise value: $669.40M as of Mar 31, 2022
Annual revenue (TTM): $293.15M as of Mar 31, 2022
EBITDA (TTM): -$16.11M as of Mar 31, 2022
Net annual income (TTM): $46.56M as of Mar 31, 2022
Free cash flow (TTM): -$112.31M as of Mar 31, 2022
Net Debt Last Fiscal Year: $235.82M as of Mar 31, 2022
Shares outstanding: 195,849,084 as of Aug 8, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization