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.
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 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 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 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 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.
Gross profit margin 42.9%, up from 30.9% in Q1 2022 and 28.6% in Q4 2022.
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).
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 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