Jushi Q2 revenue up 52% YoY to $72.8M; restates Q1 financials due to errors

Jushi Holdings Inc.

2022-Q2 EPS reported -$0.31 revenue$134,645,000

Revenue $72.8M (+52.4% YoY, +17.6% QoQ); net income $12.1M; adjusted EBITDA $0.5M.
Non-reliance on Q1 2022 financials for understated assets and cash flow classification errors.
Completed NuLeaf acquisition in Nevada, adding cultivation, processing, and 3 dispensaries.
Awarded Ohio medical marijuana dispensary license; 5th vertically integrated state operation.
Granted 500,000 stock options to COO Leonardo Garcia-Berg under 2019 Equity Incentive Plan.

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