Company Description
Jushi Holdings Inc. (JUSHF) is described in its public disclosures and press releases as a vertically integrated, multi-state cannabis operator. The company states that it is focused on building a multi-state portfolio of branded cannabis assets through opportunistic acquisitions, distressed workouts, and competitive applications. Jushi repeatedly notes that it aims to deliver high-quality products across all levels of the cannabis ecosystem while striving to maximize shareholder value.
Business model and multi-state operations
According to its news releases and SEC filings, Jushi operates across several U.S. states as a vertically integrated cannabis company. Its disclosures reference operations and performance in California, Illinois, Massachusetts, Nevada, Ohio, Pennsylvania, Virginia, and entry into New Jersey through its Beyond Hello™ Little Ferry dispensary. The company highlights both retail dispensary operations and grower-processor facilities, indicating participation in cultivation, manufacturing and retail channels within regulated cannabis markets.
Jushi emphasizes a strategy centered on:
- Developing and acquiring branded cannabis assets in multiple states.
- Pursuing opportunistic acquisitions and distressed workouts as part of its expansion approach.
- Competing for licenses through competitive applications in regulated markets.
Retail footprint and Beyond Hello™ brand
Company press releases describe a growing network of retail dispensaries under the Beyond Hello™ banner. Jushi reports operating dozens of locations across multiple states, with specific references to:
- Beyond Hello™ Parma in Ohio, described as the company’s sixth store in that state and its 41st operating retail location nationwide at the time of that announcement.
- Beyond Hello™ Little Ferry in New Jersey, noted as Jushi’s first dispensary in New Jersey and its 42nd store nationwide when announced.
Through these dispensaries, Jushi indicates that it offers a selection of cannabis products sourced from state-licensed growers and manufacturers. In Ohio, the company notes that it continues to expand vertically integrated operations and cultivates and manufactures a variety of in-house brands, including Hijinks, The Bank, SeCHe, The Lab, and Tasteology, for sale through its retail footprint.
Branded products and partnerships
In addition to its own in-house brands, Jushi has highlighted a partnership to develop a lifestyle and wellness-focused cannabis brand. The company announced the launch and expansion of Shayo, described as a cannabis-infused wellness brand co-created with entrepreneur and television personality Stacey Rusch. Shayo is presented as offering cannabis-infused fruit chews with targeted cannabinoid profiles and specific flavor pairings, including:
- Rise (Blood Orange Pomegranate) with a 1:2 THC:CBG ratio.
- Rest (Berry Vanilla) with a 1:2 THC:CBN ratio.
Jushi reports that Shayo products have been offered in Virginia’s medical market and expanded into the Nevada adult-use market through its retail and wholesale channels.
Cultivation, processing, and facilities
Company communications describe a network of grower-processor facilities that support both retail and wholesale channels. Jushi highlights facility enhancements and expansions, particularly in Pennsylvania, Virginia, Massachusetts, and Ohio, which it associates with higher production volumes, improved product quality, and stronger performance at its cultivation and manufacturing sites.
In an 8-K filing and related press release, Jushi discloses a secured commercial loan with FVCBank that is principally secured by its cultivation and manufacturing facility in Manassas, Virginia. A modification to this loan increased the principal balance, extended the maturity date, and lowered the interest rate floor, with the company indicating that additional proceeds would be used for capital expenditures, working capital, and other corporate purposes.
Corporate structure, listing, and jurisdiction
SEC filings identify Jushi Holdings Inc. as a corporation organized under the laws of British Columbia, with a Commission File Number of 000-56468 and an Internal Revenue Service Employer Identification Number of 98-1547061. The company’s principal executive offices are located in Boca Raton, Florida. Jushi’s securities are referenced as trading on the CSE under the symbol JUSH and on the OTCQX under the symbol JUSHF in company news releases.
Management and governance disclosures
Jushi’s SEC filings and press releases provide information on executive employment arrangements and governance decisions. An 8-K filing dated December 31, 2025 describes an Executive Employment Agreement with the company’s Chief Executive Officer, covering base salary, annual cash bonus targets, and annual equity awards in the form of options to purchase subordinate voting shares. The agreement also outlines potential severance and change-of-control benefits, as well as confidentiality, non-competition, non-solicitation, non-disparagement, and intellectual property assignment provisions.
Another 8-K filing dated December 11, 2025 describes an amendment to the CEO’s employment agreement, under which the CEO agreed to receive a portion of his annual bonus and equity awards in the form of a reduced cash payment and restricted subordinate voting shares, in order to assist the company in managing near-term working capital requirements. The company notes that this arrangement was approved by independent directors and that it relied on specific exemptions under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions for related party transactions.
In a separate press release, Jushi reports the voting results of its annual shareholders’ meeting, including the fixing of the number of directors, election of nominated directors, and appointment of the company’s auditors, providing insight into its corporate governance processes.
Financial reporting and performance communication
Jushi regularly issues press releases and files Forms 8-K to communicate its quarterly financial results. These disclosures include information on revenue, gross profit, net loss, adjusted EBITDA, and other financial metrics, as well as commentary on retail and wholesale performance, store openings, and capital allocation decisions. The company’s filings emphasize the use of non-GAAP financial measures such as Adjusted EBITDA, and provide reconciliations to the most directly comparable GAAP measures.
In its financial communications, Jushi discusses:
- Retail revenue trends in states such as Ohio and Virginia.
- Wholesale revenue performance across markets including Massachusetts and Virginia.
- Expansion of its retail footprint, including new Beyond Hello™ locations and planned openings subject to regulatory approvals.
- Efforts to optimize its balance sheet, including loan modifications and receipt of Employee Retention Credit refund claims.
Regulatory environment and risk disclosures
Across multiple press releases, Jushi includes extensive forward-looking information and risk factor statements. The company notes that its expectations regarding strategy, expansion, new revenue streams, facility construction, licensing, and market growth are subject to numerous risks and uncertainties. These include, among others, the limited operating history of the cannabis industry and the company, competition, agricultural risks, product-related risks, regulatory and legal risks in U.S. cannabis markets, tax and anti-money laundering considerations, and the need to raise additional capital.
Jushi refers readers to the Risk Factors section of its Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission for more detailed discussion of these matters. The company emphasizes that forward-looking information is based on assumptions and that actual results may differ materially.
Summary
Overall, Jushi Holdings Inc. presents itself in its disclosures as a vertically integrated cannabis company with a multi-state retail and cultivation footprint, a portfolio of branded cannabis products, and a strategy centered on acquisitions, workouts, and license applications. Its operations span several U.S. states, with a focus on both retail dispensaries under the Beyond Hello™ brand and grower-processor facilities that support retail and wholesale channels. Investors reviewing JUSHF stock can use the company’s press releases, SEC filings, and risk disclosures to understand its business model, geographic exposure, governance arrangements, and the regulatory context in which it operates.
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Short Interest History
Short interest in Jushi Hldgs (JUSHF) currently stands at 157.6 thousand shares, up 1424.4% from the previous reporting period, representing 0.1% of the float. Over the past 12 months, short interest has decreased by 92%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for Jushi Hldgs (JUSHF) currently stands at 1.0 days. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed. The days to cover has decreased 87.2% over the past year, suggesting improved liquidity for short covering. The ratio has shown significant volatility over the period, ranging from 1.0 to 7.8 days.