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 (OTCQX: JUSHF) will release its third quarter financial results for the period ending September 30, 2022, before market opening on November 14, 2022. An audio webcast and conference call will occur on the same day at 9:00 a.m. ET to discuss the results. Interested participants can access the call via U.S. toll-free number 1-866-374-5140 or through their Investor Relations website. Jushi is focused on building a multi-state portfolio of cannabis assets.
Jushi Holdings Inc. has launched its new vegan and gluten-free Tasteology Fruit Chews in Massachusetts, with expansion plans to Virginia, Ohio, and Nevada by Q1 2023. Crafted with real fruit purées from Ponthier and developed by a top chef, these chews contain 5mg of THC each, alongside unique terpene blends. The new packaging features a Tarot card theme aimed at reducing waste. This product responds to the increasing demand for edibles, which represented 11% of cannabis sales in 2021, up from 9% in 2020, valued at $2.75 billion.
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.