Jushi Hldgs Stock Price, News & Analysis

Jushi Holdings has partnered with Drop4Drop to fund seven clean water projects in Gambia, India, Malawi, Senegal, South Sudan, and Uganda. This initiative aims to provide sustainable access to clean water for over 3,000 people. Jushi emphasizes that clean water is a fundamental human right essential for sanitation, health, and economic stability. The projects will involve local partnerships, education, and community ownership to enhance sustainability.

Jushi Holdings appoints Bill Wafford as an Independent Director and Chair of the Audit Committee. With over 25 years of finance experience, Wafford aims to bolster governance and financial reporting as Jushi transitions into a U.S. reporting issuer. CEO Jim Cacioppo highlighted Wafford's expertise in driving profitability. Additionally, Tobi Lebowitz was promoted to Chief Legal Officer and Corporate Secretary, having contributed significantly to Jushi's public status and strategic initiatives since 2019.

Jushi Holdings announced that Michael Perlman, EVP of Investor Relations, will participate in A.G.P.’s Virtual Fall Consumer Cannabis Conference on October 4, 2022. During the event, he will engage in one-on-one and group meetings with investors to discuss the company's strategies and growth prospects. Jushi is a multi-state cannabis operator focused on building a diverse portfolio of cannabis assets. The company aims to maximize shareholder value while providing high-quality products across the cannabis ecosystem.

Jushi Holdings Inc. (OTCQX: JUSHF) has filed restated unaudited interim financial statements for Q1 2022 with the Canadian securities regulator, correcting errors in previously reported financials prepared under IFRS. The restated financials, which can be accessed on SEDAR, include adjustments to 'Right-of-use assets' and 'Accrued expenses' on the balance sheet and cash flows. Notably, these changes did not impact the cash balance or cash flows for the period ending March 31, 2022.

Jushi Holdings Inc. (CSE: JUSH, OTCQX: JUSHF) has announced the launch of its cannabis-infused chocolates in Massachusetts, handcrafted by Top Chef finalist Matt Petersen. The new product line, branded as Tasteology, utilizes high-quality ingredients, including Valrhona gourmet chocolate, and is Fair Trade and USDA Organic Certified. Each 18-piece bar contains 90mg of THC, ideal for accurate dosing. Available at Nature’s Remedy dispensaries, Jushi's entry into the growing edibles market reflects strong consumer interest, with plans for further distribution in Virginia by Q1 2023.

Jushi Holdings announced its participation in several upcoming cannabis conferences. On September 7, Chief Commercial Director Trent Woloveck will engage in a fireside chat at Needham’s Annual Virtual Cannabis Conference. The Benzinga Cannabis Capital Conference will feature key discussions from September 13-14, led by Olivier Blechner and Trent Woloveck. Additionally, Jushi will participate in the Wolfe Research Consumer Conference on September 22-23 and MJ Unpacked from September 28-30. These events highlight Jushi's commitment to engaging with investors and showcasing its cannabis industry leadership.

Jushi Holdings reported Q2 2022 revenue of $72.8 million, marking a 52.4% year-over-year increase and 17.6% quarter-over-quarter growth. Retail revenue grew 16.1% to $67.3 million, while wholesale rose 42.1% to $5.5 million. The company achieved a net income of $12.1 million and adjusted EBITDA of $0.5 million. Jushi continued expansion with the acquisition of NuLeaf and opened multiple retail locations, including its fifth vertically integrated operation in Ohio. Cash and equivalents stood at $43.2 million.

Jushi Holdings Inc. announced the opening of its fourth medical cannabis dispensary, Beyond Hello™ Fairfax, in Virginia and its 35th retail location nationwide. This new store will serve patients starting August 31, 2022, offering both in-store and online shopping experiences. The dispensary is strategically located to enhance accessibility, featuring a large facility with multiple checkouts and ample parking. Jushi aims to improve patient access in the region and plans to expand further in Virginia, following the recent opening of Beyond Hello™ Alexandria.

Jushi Holdings, a vertically integrated cannabis operator, announced that Kim Eastman, VP of Manufacturing, will speak at the Cannabis Conference in Las Vegas on August 23, 2022. The panel discussion, titled “How to Build Out and Set Up an Extraction Facility”, is scheduled for 10:00 a.m. PT. Interested participants can register for the event through the provided link. Jushi aims to expand its multi-state cannabis portfolio through strategic acquisitions and high-quality product offerings, maximizing shareholder value in the process.