Highest-materiality recent filing
Jushi shareholders approve redomicile from British Columbia to Nevada
Special resolution to continue and domesticate from BC to Nevada passed with 98.649% of votes cast.
Jushi Q1 revenue up 4% to $66.4M; gross margin expands 460 bps to 45.0%
Gross profit $29.9M (45.0% margin) vs 40.4% a year ago; net loss $19.8M.
Jushi proposes redomicile from British Columbia to Nevada, seeking shareholder vote
Plan to continue from British Columbia, Canada to State of Nevada, USA, subject to 66 2/3% shareholder approval.
Full year revenue $262.9M, up 2% YoY; gross margin 43.4%; net loss $68.6M; adjusted EBITDA $50.3M (19.1% margin).
Jushi Holdings enters CEO Employment Agreement with James Cacioppo effective Jan 1, 2026
Base salary of $1,050,000 per year with automatic $100,000 increases annually through year six.
CEO James Cacioppo agreed to replace $1,050,000 annual cash bonus and 3,000,000 stock options with $300,000 cash and 3,000,000 restricted shares.
Jushi Holdings Q3 2025 revenue $65.7M, gross margin expands to 46.7%
Revenue of $65.7M, up sequentially and year-over-year.
Jushi receives $4M additional loan, extends maturity to 2030, lowers rate floor to 7.50%
Received $4,000,000 in additional loan proceeds from FVCBank under modified secured loan.
Jushi Q2 2025 revenue $65.0M; net loss narrows to $12.3M; Adj. EBITDA up 39.6% QoQ
Revenue $65.0M, up YoY and sequentially; gross profit $28.9M (44.5% margin).
Jushi Holdings announces annual meeting results; all directors elected
Set board size at five; 98.595% voted in favor.
Jushi Q1 2025 revenue $63.8M, net loss $17.0M, adjusted EBITDA up 22.8% sequentially
Total revenue $63.8M; gross profit $25.8M (40.4% margin).
Jushi Holdings reports FY 2024 net loss $48.8M, improved from $65.1M; EBITDA $46.2M
Q4 2024 revenue $65.9M, gross profit margin 38.6%, net loss $12.5M.
Issued US$3.719M and C$2.0M of 12% second lien notes due Dec 2026, plus warrants for 8.5M subordinate voting shares.
Jushi raises $9.7M via ERC factoring and Second Lien Notes offering
Sold ~$6.0M ERC refund claims for net proceeds of $5.1M; $3.0M more ERC claims remain with IRS.
Jushi Holdings terminates COO Todd West for cause; West disputes termination
Todd West terminated as COO and employee effective January 6, 2025; company claims for cause.
Jushi Q3 2024 revenue $61.6M, net loss narrows to $16.0M, Adj. EBITDA rises 6.5%
Total revenue $61.6M; gross profit margin 45.4% ($28.0M).
Jushi CEO Cacioppo waives $950k bonus for $238k cash, $1.38M in 12% notes, and 1.06M options
CEO Jim Cacioppo forgoes $950k annual bonus; receives $237,500 cash, $1,381,551 principal of 12% second lien notes due 2026, and options to buy 1,062,732 shares at $0.65.
Jushi Holdings approves option repricing for 9.1M shares; CEO waives 2024 LTIP grant
Board approved one-time cancellation and regrant of up to 9,136,758 options (34.7% of outstanding) for 6 senior managers and 4 directors.
Jushi Holdings Q2 2024: Revenue $64.6M, Gross Margin 50.4%, Net Loss Improves to $1.9M
Total revenue $64.6M; gross profit $32.6M (50.4% margin), up from 41.9% in Q2 2023.
Jushi Holdings refinances $53M first lien credit facility with $48.5M term loan, extends maturities
US$48.5M term loan at 12.25% interest, matures 30 months or 91 days before Dec 2026 second lien notes.
Jushi Holdings shareholders approve all four proposals at 2024 annual meeting
Board size fixed at five with 98.1% of votes cast in favor.
Jushi Q1 2024 revenue $65.5M, net loss $18.4M, adjusted EBITDA $13.3M
Total revenue of $65.5M; gross profit $32.3M (49.4% margin).
Jushi Holdings appoints Todd West as COO effective April 12, 2024
West brings over 25 yrs ops experience; most recently EVP of Operations at Cresco Labs for 4+ years.
Jushi Holdings releases updated investor presentation; no financial guidance disclosed
Company posted an updated investor presentation on March 19, 2024 for use in investor meetings.
Jushi Q4 2023 revenue $67.8M, net loss $18M, adjusted EBITDA $11.3M
Q4 2023 total revenue $67.8M; gross profit $27.2M (+24.0% YoY); net loss $18.0M vs $139.9M in Q4 2022.
Jushi exchanges $9.85M unsecured debt for $4.75M second-lien notes, warrants, cash
Exchanged $9.85M of unsecured notes for $4.75M of 12% second-lien notes due Dec 2026.
Jushi CEO waives $950K compensation, gets $1.15M notes; option repricing for 3.2M shares
CEO Cacioppo waives $100K salary increase and $850K bonus, cancels 3M options; receives $212,500 cash, $1.15M in 12% second lien notes due 2026, and ~$575K warrants.
Jushi Holdings Q3 revenue $65.4M, net loss narrows 62% to $20.6M, Adj EBITDA $9.7M
Revenue $65.4M; gross margin 43.6% (vs 38.1% Q3 2022); net loss $20.6M improved 62.3% YoY.
Jushi Q2 net loss $14.0M vs prior year profit; revenue $66.4M, adjusted EBITDA $12.6M
Total revenue $66.4M; gross margin 46.0% vs 36.7% YoY and 42.9% Q1 2023.
Jushi completes amendments to 12% Second Lien Notes and warrants; strike reduced to $1.00
Removed change-of-control covenant that required repurchase of Notes at 105% of principal plus accrued interest.
Jushi Holdings annual meeting results: all director nominees elected, auditor ratified
Board size fixed at five; 98.447% of votes cast in favor.
Jushi Holdings furnishes updated investor presentation; no specific financial data in excerpt
Updated investor presentation furnished as Exhibit 99.1 on May 17, 2023, for use in investor meetings.
Gross profit margin 42.9%, up from 30.9% in Q1 2022 and 28.6% in Q4 2022.
Jushi dismisses auditor Marcum; engages MGO as new independent registered public accounting firm
Dismissed Marcum LLP as independent auditor effective April 19, 2023; engaged Macias Gini & O'Connell LLP effective April 20, 2023.
Jushi Holdings closes $20M secured loan with FVCbank; funds for working capital
Loan of $20M with 5-year term, secured by cultivation/manufacturing facility in Manassas, VA.
Jushi Q4 revenue $76.8M (+16.6% YoY); FY revenue $284.3M record; net loss $139.9M in Q4
Q4 2022 revenue $76.8M (+16.6% YoY, +5.5% sequentially); gross profit $22.0M (+11.4% YoY).
CEO James Cacioppo agrees to take 2022 bonus in $250K cash, $750K notes, and warrants
CEO James Cacioppo's $750,000 2022 annual bonus restructured: $250K cash, $750K in 12% second lien notes, and warrants for ~$375K in shares.
Amends original Feb 13 2023 8-K to include omitted Item 2.02 text and revised investor presentation dated Feb 15, 2023.
Jushi Holdings issues investor presentation; no specific financial updates
Presentation titled 'The Next Generation Cannabis Platform' released on February 13, 2023.
Jushi Holdings CAO James Cabral resigns; CFO Mosier adds CAO role
James Cabral resigned as Chief Accounting Executive effective Feb 3, 2023; no disagreement cited.
Jushi Holdings sets 2023 annual meeting for June 14; shareholder proposals due Feb 14
Annual meeting scheduled for June 14, 2023; details in proxy statement.
Michelle Mosier appointed CFO effective Jan 16, 2023; base salary $400K, 200K stock options, relocation bonus $25K.
Second tranche closed Dec 9, 2022: $3M additional 12% second lien notes and 719,080 warrants to CEO Jim Cacioppo; total proceeds now $72M.
Jushi closes $69M 12% second-lien notes, repurchases all existing 10% notes due 2023
Closed $69M aggregate principal of 12% second lien notes due 2026; issued warrants to purchase 16M shares at $2.086.
Jushi Holdings receives $68M in binding subscriptions for 12% second lien notes and warrants
Binding subscriptions of ~US$68M received for 12% second lien notes and four-year warrants at 50% coverage.
Jushi Q3 preliminary revenue $72.8M (+34.9% YoY); net loss $52.9-62.8M incl. impairment
Total revenue $72.8M, up 34.9% YoY but flat vs Q2 2022.
Jushi appoints Bill Wafford as independent director and audit chair; promotes Tobi Lebowitz to CLO
Bill Wafford appointed as independent director and Chair of Audit Committee effective October 3, 2022.
Jushi restates non-cash lease disclosure in Q2 2022 amended Canadian filings; no cash impact
Filed Q2 2022 Form 10-Q with SEC and reviewed amended interim financials on SEDAR.
Jushi restates Q1 2022 financials; corrects errors; going concern risk disclosed
Restated Q1 2022 revenue $61.9M (up 48% YoY), net loss $19.8M vs $31.1M loss in Q1 2021.
Jushi Q2 revenue up 52% YoY to $72.8M; restates Q1 financials due to errors
Revenue $72.8M (+52.4% YoY, +17.6% QoQ); net income $12.1M; adjusted EBITDA $0.5M.
On February 26, 2025, Tobi Lebowitz, Chief Legal Officer and Corporate Secretary of Jushi Holdings Inc. (the “Company”), resigned from the Company effective March 28, 2025.
On January 6, 2025, Todd West was terminated as an employee and Chief Operating Officer of Jushi Holdings, Inc. (the “Company”) and from any other position at any subsidiary of the Company to which he has been appointed.
On April 15, 2024, Jushi Holdings Inc. (the “Company”) announced the appointment of Todd West, age 55, as the Company’s Chief Operating Officer effective April 12, 2024.
On January 17, 2023, the Board of Directors of the Company appointed Michelle Mosier as Chief Accounting Officer of the Company in addition to her existing role as Chief Financial Officer of the Company.
On January 16, 2023, James Cabral, Chief Accounting Executive of Jushi Holdings Inc. (the "Company"), resigned from the Company effective February 3, 2023.
These changes include the appointment of Michelle Mosier, age 57, as the Company's Chief Financial Officer effective January 16, 2023
the resignation of Leonardo "Leo" Garcia-Berg from his position as Chief Operations Officer, effective January 20, 2023
On October 3, 2022, the Board appointed Billy “Bill” Wafford to fill the vacancy on the Board, with an initial term expiring immediately prior to the Company’s 2023 annual general meeting of stockholders.
Max materiality 0.80 · Median 0.60 · Most common event earnings