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) regularly issues news releases and SEC filings that provide detailed updates on its activities as a vertically integrated, multi-state cannabis operator. The company’s news flow covers developments across its branded retail, cultivation, and manufacturing operations in U.S. state cannabis markets.
Recent announcements highlight the expansion of the Beyond Hello™ retail dispensary network, including the opening of Beyond Hello Parma in Ohio and Beyond Hello Little Ferry in New Jersey. These releases describe new store locations, operating details, and the role of these dispensaries in Jushi’s broader multi-state retail footprint.
Jushi’s news also focuses on branded product initiatives, such as the launch and expansion of the Shayo cannabis-infused wellness brand co-created with Stacey Rusch. Press releases describe Shayo’s fruit chew products, targeted cannabinoid profiles, and geographic rollout from Virginia’s medical market into the Nevada adult-use market.
Investors and followers of JUSHF can also find quarterly financial results and related commentary in the company’s news items. These updates summarize revenue trends, gross profit, net loss, Adjusted EBITDA, and the performance of retail and wholesale channels, along with management’s discussion of store openings, facility enhancements, and capital structure decisions.
In addition, Jushi issues news on financing and corporate matters, such as modifications to its secured commercial loan tied to the Manassas, Virginia cultivation and manufacturing facility, and the voting results of its annual shareholders’ meeting. Together, these items provide a view into the company’s operational progress, governance decisions, and financial communication practices.
Jushi Holdings announced a successful second closing of its private offering, securing US$72 million in gross cash proceeds through the issuance of 12% second lien notes and warrants. The notes will mature in December 2026 and yield 12% annual interest. Additionally, Jushi entered a financing facility with XS Financial for up to US$10 million and plans to draw down US$1.9 million from a real estate mortgage. Notably, executives subscribed for US$17.4 million of the notes, indicating confidence in the company’s future.
On December 7, 2022, Denis Arsenault acquired 3,452,595 Warrants of Jushi Holdings Inc. through a private offering that included 12% second lien notes. This acquisition allows Arsenault to purchase subordinate voting shares at US$2.086 until December 7, 2026. Post-acquisition, he holds a total of 7,677,899 subordinate voting shares and 16,702,595 Warrants, representing approximately 11.43% of the outstanding shares on an as-converted basis. The transaction is reported under National Instrument 62-103 requirements.
Jushi Holdings released its second annual Cannabis Consumer Insights Holiday Poll, surveying 1,000 cannabis consumers. Despite inflationary pressures, 76% of respondents reported consuming the same or more cannabis compared to last year. Price and THC levels are now primary factors in product selection, reflecting a shift towards cost-saving measures. Additionally, 75% support federal cannabis legalization. The poll also indicated a sustained trend of using cannabis in holiday celebrations, with 92% planning to incorporate it this year.
Jushi Holdings has successfully closed a private offering of approximately US$69 million in 12% second lien notes and warrants. The funds will be used to redeem outstanding 10% senior secured notes due January 2023. Additionally, Jushi has secured subscriptions for an extra US$5 million. The notes mature on December 7, 2026, and will bear interest payable quarterly. The company also amended its US$100 million Senior Secured Credit Facility with a reduced loan cap of US$65 million and an interest rate of 11%, maturing December 31, 2024.
Jushi Holdings Inc. (OTCQX: JUSHF), a multi-state cannabis operator, announced participation in two upcoming virtual conferences. The Wolfe Research Consumer Growth Conference takes place December 5-6, 2022, featuring Chief Commercial Director Trent Woloveck in a panel discussion. The Cowen’s 5th Annual Cannabis Conference occurs December 6-8, 2022, with CEO Jim Cacioppo participating in a panel on December 7. Michael Perlman, EVP of Investor Relations, will host one-on-one meetings at both events.
For more details, visit jushico.com.
Jushi Holdings Inc. has received approximately US$68 million in binding subscription commitments for 12% second lien notes and warrants to purchase subordinate voting shares in a private offering. The notes will mature in four years, bearing 12% interest, and will be secured by certain assets of the company. The proceeds will be primarily used to redeem existing 10% senior secured notes due January 2023 and for general corporate purposes. The offering is expected to close in late November or early December 2022.
Jushi Holdings Inc. reported Q3 2022 revenue of $72.8 million, representing a 34.9% year-over-year growth. Sequentially, revenue remained flat. Gross profit increased to $27.7 million, an 18.9% increase year-over-year. However, the company expects a non-cash asset impairment charge between $35.0 to $49.0 million, leading to a net loss of $52.9 to $62.8 million. Cash reserves stood at $31.1 million. Operationally, Jushi opened two new retail locations in Virginia, adding nearly 8,000 new patients in the state during Q3.
Jushi Holdings Inc. (OTCMKTS: JUSHF) commented on the recent gubernatorial election in Pennsylvania, congratulating Governor-elect Josh Shapiro. Jushi expresses eagerness to collaborate on cannabis policy reforms, advocating for expungement of non-violent cannabis possession records and establishing a regulated market. The company emphasizes that legalizing cannabis could spur economic growth, create jobs, and generate significant tax revenue. Jushi's management believes that timely cannabis reform is critical to reducing illicit sales and ensuring public safety.
Jushi Holdings Inc. has announced the opening of its newly relocated Beyond Hello™ Dickson City dispensary in Pennsylvania. The store, situated in a prime economic area at 32 Scranton Carbondale Highway, is set to serve medical cannabis patients starting November 8, 2022. The dispensary features an updated layout with enhanced displays and a wide variety of medical marijuana products, including four in-house brands. The new location aims to provide an exceptional shopping experience with well-trained staff available for customer assistance.
Jushi Holdings, a multi-state cannabis operator, announced participation in several key industry events. Notable appearances include Business of Cannabis New York on November 3, featuring a panel on modern cannabis consumers, and MJBizCon 2022 from November 15-18, where management will engage in discussions on omnichannel marketing strategies and real-life M&A stories. Additionally, CEO Jim Cacioppo will address investor interests at the CannaVest West Institutional Capital Forum on November 16. For further details, contact Jushi’s Investor Relations.