Jushi Holdings Inc. (C:JUSH*CA)
Business Focus: Medical Farming
| Sector: Healthcare | Industry: Healthcare Facilities & Services |
| Company Contact | |
| Address: | 301 Yamato Road, Suite 3250 BOCA RATON FL 33431 |
| Tel: | N/A |
| Website: | https://jushico.com |
| IR: | See website |
| Key People | ||
| James Cacioppo Chairman of the Board, Chief Executive Officer, Founder | Louis J. Barack President, Co-Founder | Michelle O. Mosier Chief Financial Officer, Chief Accounting Officer |
| Todd West Chief Operating Officer | Nichole Upshaw Chief People Officer | Shaunna Patrick Chief Commercial Director |
| Trenton Woloveck Chief Strategy Director | Tobi Lebowitz Chief Legal Officer and Corporate Secretary | |
| Business Overview |
| Jushi Holdings Inc. is a vertically integrated cannabis company. The Company is engaged in retail, distribution, cultivation, and processing in both medical and adult-use markets. The Company, through its subsidiaries, owns or manages cannabis operations and/or holds licenses in the adult-use and/or medicinal cannabis marketplace in California, Illinois, Massachusetts, Nevada, Ohio, Pennsylvania, and Virginia. It offers both in-house brands and third-party products at each of its retail locations. All of its retail locations operate under the BEYOND HELLO brand except in Massachusetts and Nevada. In Massachusetts, its retail locations operate under the Nature's Remedy brand. In Nevada, the Company operates three retail locations under the NuLeaf brand and one under the BEYOND HELLO. In states where it has licensed cultivation and processing operations, the Company produces products under its in-house brands, including The Bank, Hijinks, The Lab, Seche, Nira+ and Tasteology. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Jushi Holdings Inc revenues decreased 5% to $269.4M. Net loss decreased 68% to $65.1M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Impairment of Intangibles Excl Goodwill decrease of 99% to $845K (expense), Goodwill impairment decrease of 82% to $7.3M (expense). |
| Employees: | 1,200 as of Dec 31, 2021 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $523.70M as of Dec 31, 2023 |
| Annual revenue (TTM): | $368.12M as of Dec 31, 2023 |
| EBITDA (TTM): | $44.21M as of Dec 31, 2023 |
| Net annual income (TTM): | -$88.94M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$19.21M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $339.16M as of Dec 31, 2023 |
| Shares outstanding: | 196,634,931 as of Mar 25, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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