Welcome to our dedicated page for Jushi Hldgs news (Ticker: JUSHF), a resource for investors and traders seeking the latest updates and insights on Jushi Hldgs stock.
Jushi Holdings Inc. (JUSHF) operates as a vertically integrated cannabis company serving regulated medical and adult-use markets. This page aggregates official press releases and verified news updates essential for tracking the company's operational and regulatory developments.
Investors and stakeholders will find timely updates on earnings reports, regulatory compliance milestones, retail expansions, and product launches. The curated collection serves as a centralized resource for understanding Jushi's strategic positioning in evolving cannabis markets.
All content reflects the company's focus on controlled cultivation practices, multi-state dispensary operations, and adherence to public health guidelines. Regular updates ensure awareness of material events impacting Jushi's market performance and regulatory standing.
Bookmark this page for streamlined access to JUSHF's latest announcements, including partnership disclosures and operational updates from its cultivation facilities to retail locations.
Jushi Holdings Inc. (CSE: JUSH) (OTCQX: JUSHF) has successfully refinanced its existing US$53 million senior secured credit facility due December 31, 2024, with a new US$48.5 million Term Loan. The Term Loan, issued at a 2.0% original issuance discount, bears a 12.25% annual interest rate and matures in 30 months or 91 days prior to the maturity of the Company's existing Second Lien Notes due December 7, 2026.
Key features of the refinancing include:
- No debt maturities until 2026
- Five-year Warrants at 40% coverage with a US$1.00 exercise price
- Approximately US$19 million in cash, cash equivalents, and restricted cash as of July 31, 2024
- Less than US$1 million in short-term debt subject to scheduled repayments
The refinancing strengthens Jushi's balance sheet and demonstrates the company's commitment to deleveraging while securing attractive capital costs in the current credit environment.
Jushi Holdings Inc. (CSE: JUSH) (OTCQX: JUSHF), a vertically integrated, multi-state cannabis operator, has announced the date for its second quarter 2024 financial results report. The company will release its financial results for the quarter ended June 30, 2024, after market close on Wednesday, August 7, 2024. Following the release, Jushi will host a conference call and audio webcast at 4:30 p.m. ET on the same day to discuss the results.
Interested parties can join the conference call using the toll-free number 1-877-407-0792 (U.S. & Canada) with the Conference ID 13747162. For those unable to attend the live call, a webcast will be available for one month following the event on Jushi's Investor Relations website.
Jushi Holdings, a multi-state cannabis operator, announced the results of its annual general meeting held on June 4, 2024. Shareholders voted to fix the number of directors at five. All five director nominees were elected, with James A. Cacioppo receiving 97.568% votes in favor. Macias Gini & O'Connell LLP was appointed as the auditor, with 98.864% votes in favor. The 2019 Equity Incentive Plan was approved and renewed with 94.616% votes in favor. Key decisions were made with significant shareholder support, indicating strong confidence in the company's leadership and strategic direction.
Jushi Holdings Inc. reported a first-quarter net loss of $18.4 million, with an expanded gross profit margin of 49.4%. Adjusted EBITDA and margin improved to $13.3 million and 20.4%, respectively. The company launched 443 new SKUs, increased Jushi-branded product sales, and continued debt reduction efforts. Post-quarter developments include senior management team enhancements and further debt reduction. Key financial highlights include total revenue of $65.5 million, net cash flow from operations of $6.5 million, and cash equivalents of $30.6 million. The company plans to accelerate product development, optimize operations, and capitalize on high-growth markets.
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