Jushi restates Q1 2022 financials; corrects errors; going concern risk disclosed

Jushi Holdings Inc.

Restated Q1 2022 revenue $61.9M (up 48% YoY), net loss $19.8M vs $31.1M loss in Q1 2021.
Corrections: understatement of right-of-use assets and accrued expenses; cash flow classifications revised.
Accumulated deficit $262.2M at March 31, 2022; cash and equivalents $75.7M.
Substantial doubt about going concern; $74.9M senior notes due Jan 2023; refinancing negotiations ongoing.

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