Jushi Hldgs Stock Price, News & Analysis

Jushi Holdings Inc. (CSE: JUSH) (OTCQX: JUSHF) announced the opening of Beyond Hello™ Linwood, a new medical marijuana dispensary in Delaware County, Pennsylvania, marking its 18th operational storefront in the state. The grand opening celebration is scheduled for Tuesday, February 25, 2025, featuring an exclusive 35% off promotion.

The new dispensary is strategically located at 2400 Market St, Linwood, PA 19014, in a high-traffic retail corridor with convenient access to major roadways including Interstate 95 and I-476. Operated through Jushi's subsidiary, Franklin Bioscience - SE , the store will offer a comprehensive range of medical marijuana products including premium flower, concentrates, vapes, topicals, tinctures, and troches.

CEO Jim Cacioppo emphasized the company's commitment to expanding access to high-quality medical marijuana for patients across Pennsylvania, which remains one of the most robust medical marijuana markets in the country.

Jushi Holdings (OTCQX: JUSHF), a vertically integrated, multi-state cannabis operator, has scheduled the release of its fourth quarter and full year 2024 financial results for March 6, 2025, after market close. The company will hold a conference call and audio webcast at 4:30 p.m. ET on the same day to discuss the results. For those unable to attend the live call, a recording will be available on Jushi's Investor Relations website until April 6, 2025.

Jushi Holdings (OTCQX: JUSHF) has secured approximately US$9.7 million in total funding through two separate transactions. The company received US$5.1 million from factoring US$6.0 million of Employee Retention Credits (ERC) refund claims, while retaining rights to receive interest on these claims. Additionally, Jushi secured binding subscriptions for US$5.1 million in 12% second lien notes due 2026, expecting net proceeds of US$4.6 million.

The second lien notes will be issued at a 10% original issuance discount and include detached five-year warrants at 75% coverage. Notable participants include CEO James Cacioppo's affiliated entity subscribing for US$3.7 million in notes and Denis Arsenault subscribing for C$2 million. The company still has approximately US$3.0 million in additional ERC refund claims pending with the IRS.

Jushi Holdings has expressed support for Pennsylvania Governor Josh Shapiro's inclusion of adult-use cannabis in his annual budget proposal. The company, a multi-state cannabis operator, emphasizes the importance of extending public protections from the regulated medical market to the adult-use marketplace.

CEO Jim Cacioppo highlights that while cannabis markets exist in every American town, the key question is whether they are regulated. He advocates for a regulated market that would implement age restrictions, clear packaging requirements, and rigorous oversight while ensuring product safety through testing. Additionally, this approach would redirect funds from criminal enterprises to state coffers.

The company notes that adult-use cannabis legalization has over 60% public support, with even opponents preferring a regulated market over the current situation.

Jushi Holdings Inc. reported its Q3 2024 financial results, highlighting a total revenue of $61.6 million, a gross profit of $28.0 million with a gross profit margin of 45.4%, and a net loss of $16.0 million, an improvement from $20.6 million in Q3 2023. The Adjusted EBITDA increased by 6.5% year-over-year to $10.3 million. The company maintained positive cash flows from operations, totaling $2.4 million. Jushi also reduced its debt by $19.7 million and launched adult-use sales in Ohio. The company introduced 278 new SKUs and debuted a new edibles brand, Uncommon Kind. Post-quarter, Jushi's President Jon Barack was appointed as Chief Revenue Officer. The company entered agreements to expand its footprint in Ohio, aiming to increase its dispensaries to up to eight locations. As of September 30, 2024, Jushi had $22.9 million in cash and equivalents, with an outstanding debt of $200.7 million.

Jushi Holdings (OTCQX: JUSHF), a vertically integrated multi-state cannabis operator, has scheduled its Third Quarter 2024 financial results announcement for November 7, 2024, after market close. The company will host a conference call and audio webcast at 4:30 p.m. ET on the same day to discuss the results. Investors can join via U.S. & Canada toll-free number 1-844-826-3033 (Conference ID: 10192492) or access the webcast through Jushi's Investor Relations website, which will remain available for one month following the call.

Jushi Holdings Inc. (CSE: JUSH) (OTCQX: JUSHF) has announced significant changes in its executive compensation structure. The company's board has approved replacement options for several key figures: 5,385,000 for CEO Jim Cacioppo, 2,383,000 for other executive officers, and 394,758 for non-employee directors. Additionally, CFO Michelle Mosier received 300,000 new options.

In a notable development, CEO Jim Cacioppo has agreed to waive his 2024 annual bonus of $950,000 in exchange for a package including a $237,500 cash payment, $1,381,551 in 12% second lien notes, and options to purchase 1,062,732 subordinate voting shares at $0.65 per share. This agreement aims to help Jushi manage near-term working capital requirements.

Jushi Holdings Inc. (OTCQX: JUSHF) has announced an option replacement program for certain senior management employees and independent directors. The program aims to realign incentives by canceling existing options with high exercise prices and reissuing them at current market prices. A total of 9,136,758 options, representing 34.7% of outstanding options, are eligible for the program.

CEO Jim Cacioppo has agreed to participate in the program and amend his employment agreement. He will cancel 5,385,000 options and waive his 2024 long-term incentive entitlement. In return, Cacioppo will receive 5,385,000 new options with revised vesting terms.

The company believes this initiative will better align the interests of senior management and the board with shareholders as they work to increase value.

Jushi Holdings Inc. (OTCQX: JUSHF) reported its Q2 2024 financial results, showing improved margins and reduced losses. Key highlights include:

- Total revenue of $64.6 million, down 2.8% year-over-year
- Gross profit of $32.6 million with a 50.4% margin
- Net loss reduced to $1.9 million from $14.0 million in Q2 2023
- Adjusted EBITDA increased to $14.5 million with a 22.4% margin
- Launched 308 new high-margin SKUs across five markets
- Expanded Jushi-branded product sales to 55.9% of total retail revenue
- Completed refinancing of first lien debt and reduced short-term debt

The company attributed its improved performance to operational efficiencies, cost-saving measures, and a successful commercialization strategy. Jushi also strengthened its balance sheet post-quarter by reducing debt and enhancing financial flexibility.