---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-003243"
form_type: "8-K"
ticker: "JUSHF"
cik: "0001909747"
company_name: "Jushi Holdings Inc."
filed_at: "2023-05-12T23:59:59+00:00"
generated_at: "2026-06-15T02:54:33.046890+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Jushi Q1 revenue $69.9M (+12.9% YoY); net loss narrows to $12.4M; Adj. EBITDA turns positive at $7.6M

## Summary
- Gross profit margin 42.9%, up from 30.9% in Q1 2022 and 28.6% in Q4 2022.
- Adjusted EBITDA of $7.6M, improving $8.5M YoY and $1.6M sequentially.
- Cash, cash equivalents, and restricted cash of $19.4M as of quarter end.
- Added Ohio as fifth vertically integrated market.

## SEC filing metadata
- accession: 0001171843-23-003243
- form_type: 8-K
- ticker: JUSHF
- cik: 0001909747
- company_name: Jushi Holdings Inc.
- filed_at: 2023-05-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1909747/000117184323003243/0001171843-23-003243-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1909747/000117184323003243/f8k_051223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-003243
- JSON: https://secwatch.observer/filing/0001171843-23-003243.json
- Plain text: https://secwatch.observer/filing/0001171843-23-003243.txt

## Key facts
- Earnings Releases
  Jushi Holdings Inc. reported the first quarter ended March 31, 2023 results: revenue $69.9 million, net income $12.4 million.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $69.9 million
  - Net income: $12.4 million
  - Result: reported results
  source text: Reports First Quarter 2023 Financial Results Total Revenue of $69.9 Million, an increase of 12.9% YoY Net Loss of $12.4 Million, an improvement of 37.0% YoY Adjusted EBITDA of $7.6 Million, an improvement of $8.5 Million YoY Continued Financial and Operational Improvements at our Grower-Processor Operations Added Ohio as Fifth Vertically Integrated Market BOCA RATON, Fla., May 12, 2023 (GLOBE NEWSWIRE) -- Jushi Holdings Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1909747/000117184323003243/0001171843-23-003243-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.