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Cannabis Co. Jushi Reports Q3 Earnings: Higher Margins Despite Revenue Dip – What's Driving Profitability?
Thursday, November 7, 2024 - 6:58pm | 731In its latest quarterly earnings report, Jushi Holdings Inc. (CSE:JUSH) (OTCQX:JUSHF) revealed a mixed financial picture for Q3 2024, showcasing operational resilience despite mounting challenges in competitive markets. The cannabis multi-state operator saw some revenue decline but managed to...
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Jushi Holdings Slashes Net Loss, Adds 300+ Weed Products And Refinances Facility Debt All In Q2 2024
Wednesday, August 7, 2024 - 7:32pm | 716Jushi Holdings Inc. (OTC: JUSHF) has announced its financial results for the second quarter ended June 30, 2024, showcasing significant operational improvements and strategic developments. The company reported a net loss of $1.9 million, a considerable improvement from a $14.0 million loss in Q2...
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Jushi Holdings Q1 2024: Cannabis Gross Margin Climbs To 49.4%, Net Loss Widens To $18.4M
Thursday, May 9, 2024 - 7:43pm | 405Jushi Holdings Inc. (OTC: JUSHF), a leading multi-state cannabis operator, reported its financial outcomes Thursday for the first quarter of 2024, highlighting advancements in profitability and operational efficiency. Jim Cacioppo, CEO of Jushi, expressed satisfaction with the company's...
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Data-Driven Insights Power Jushi's Product Releases And Profits, CEO Notes In Q4 & 2023 Financial Results
Wednesday, March 13, 2024 - 6:43pm | 573Jushi Holdings Inc. (CSE: JUSH) (OTC: JUSHF) maintained robust gross profit margins of 40.2% in Q4 2023 and 43.1% for the fiscal year 2023. Jim Cacioppo, CEO, highlighted operational efficiencies and new product launches, leveraging proprietary retail data and consumer insights. Cacioppo stated:...
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Jushi Holdings: Revenue $65.4M, Improves Net Loss & EBITDA For Q3 2023 As Weed Sales Surge
Tuesday, November 14, 2023 - 6:54pm | 330Jushi Holdings Inc. (CSE: JUSH) (OTC: JUSHF) reported its financial results for Q3 2023 late Tuesday. Jim Cacioppo, Jushi's CEO, chairman and founder highlighted the company's commitment to disciplined cost management and efficiency for the success of Jushi-branded...
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Jushi Opens Sixth Beyond Hello Cannabis Dispensary In Woodbridge, Virginia
Tuesday, August 22, 2023 - 8:51am | 576Jushi Holdings Inc. (OTCQX: JUSHF) (CSE: JUSH) is opening its sixth medical cannabis dispensary in Virginia. Beyond Hello Woodbridge will begin serving Virginia medical cannabis patients and registered agents on August 23rd at 10:00 a.m. Beyond Hello Woodbridge is located in Prince William Square...
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Jushi Q2 Revenue Declines 8.7% YoY, What About Income?
Friday, August 11, 2023 - 8:42am | 492Jushi Holdings Inc. (OTCQX: JUSHF) (CSE:JUSH) released its financial results for the second quarter ended June 30, 2023, revealing revenue of $66.4 million, a decrease of 8.7% compared to $72.8 million in Q2 2022. Q2 2023 Financial Highlights Gross profit was $30.6 million compared to $26.7...
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Jushi Q1 FY23 Gross Profit Grows 56.7% YoY, What About Adjusted EBITDA?
Friday, May 12, 2023 - 8:05am | 720Jushi Holdings Inc. (OTCQX: JUSHF) (CSE:JUSH) achieved revenue of $69.9 million in Q1 2023, an increase of 12.9% compared to $61.9 million in Q1 2022. Q1 2023 Financial Highlights Gross profit of $29.9 million, an increase of 56.7% compared to $19.1 million in Q1 2022. Gross profit margin was...
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Senate Finally Addresses Banking Reform For Billion-Dollar Cannabis Industry, What Took So Long?
Wednesday, May 10, 2023 - 9:01pm | 856Anxiety is running high in the cannabis industry as the Senate Banking Committee gets ready to discuss the Secure and Fair Enforcement (SAFE) Banking Act, which seeks to normalize relations between state-licensed cannabis businesses and financial institutions. Most everyone is...
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Jushi Secures $20M Via Secured Commercial Loan
Friday, April 7, 2023 - 8:38am | 280Jushi Holdings Inc. (OTCQX: JUSHF) (CSE:JUSH) a vertically integrated, multi-state cannabis operator, announced the closing of a secured commercial loan with FVCbank, for gross proceeds of $20 million. The proceeds of the loan will be used for working capital and other corporate purposes. “...
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Jushi FY22 Revenue Grows 35% To 284.3M, Here Are The Details
Friday, March 31, 2023 - 9:06am | 501Jushi Holdings Inc. (OTCQX: JUSHF) (CSE:JUSH) released its unaudited preliminary financial results for the Q4 2022 and full year ended December 31, 2022, revealing total revenue of $284.3 million in FY 2022, an increase of 35.8% year-over-year. Q4 2022 Financial Highlights Total revenue of $76.8...
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Here's Where You Can Buy Legal Weed These Days: More Store Openings In These 3 States
Wednesday, January 18, 2023 - 5:46pm | 575New Fluent Cannabis Shop To Open In FL Cansortium Inc. (CSE: TIUM.U) (OTCQX: CNTMF), which operates under the Fluent brand announced the grand opening of its 29th medical cannabis dispensary in Florida and 32nd retail location nationwide. The Miami-based company also said it plans to open...
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Here's Where You Can Buy Legal Weed These Days: CT's First Rec Store, Jushi Is In Ohio & More
Tuesday, January 10, 2023 - 10:11am | 906Three Fine Fettle Shops Offer Marijuana As CT Recreational Sales Launch Connecticut's recreational cannabis sales kicked off Tuesday, Jan.10 with current medical marijuana dispensaries shifting over to adult-use sales. Fine Fettle is among them and is running...
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Exclusive: Jushi Unveils Cannabis Brand Portfolio In CA, Here's Where To Buy New Products
Tuesday, December 13, 2022 - 7:31am | 557Jushi Holdings Inc. (CSE: JUSH) (OTCMKTS: JUSHF) announced on Tuesday the launch of a comprehensive cannabis product suite in California that includes its three brands. “As California is one of the most competitive and mature cannabis markets in the world, California cannabis consumers have...
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Jushi Announces Second Closing Of Debt Financing With An Additional $3M Of Proceeds For A Total Of $72M
Monday, December 12, 2022 - 12:17pm | 603Jushi Holdings Inc. (OTCQX: JUSHF) (CSE: JUSH) announced the second closing of its previously announced private offering of 12% second lien notes and detached warrants to purchase the company’s subordinate voting shares at an exercise price of $2.086. To date, Jushi has closed on an...