Monday, October 27, 2025

Jushi Reports Q1 2021 Revenue Of US$41.7 Million, $26.1 Million Net Loss

Jushi Holdings Inc. (CSE: JUSH) released its Q1 2021 financial results this morning, highlighting quarterly revenue of US$41.7 million. This is a 29.0% increase from Q4 2020’s revenue of $32.3 million.

The company relayed that the increase in revenue can be attributed to growth at its BEYOND/HELLO stores in Pennsylvania and Illinois, early revenue contributions from its Virginia retail operations, and increased operating activity at its PAMS and Nevada facilities. The gross margin, however, declined to 48.2% this quarter from 54.5% last quarter. 

Jushi Holdings also recorded a net loss of US$26.1 million, compared to last quarter’s US$148.1 million net loss. This net loss improvement is attributed to fluctuations in the fair value of derivative liabilities coming from changes in pricing of the firms common shares, and the volume of warrant liabilities. This quarter’s net loss translates to a US$0.17 loss per share.

The company closed Q1 2021 with US$167.9 million in cash and short-term investments, up from last quarter’s US$94.7 million. It also incurred approximately US$10 million in capital expenditures for the quarter.

Notably, the firm has reported its first quarter 2021 results before filing its fourth quarter 2020 results. Jushi Holdings’ auditor, MNP, advised the company that it would need additional time to complete its audit procedures, which were expected to be completed by May 28, 2021. The auditing firm now expects to finish the process by June 4, 2021. This effectively also affects Jushi Holdings’ timing in filing its financial statements for Q1 2021.

Jushi Holdings Inc. last traded at $7.25 on the CSE.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

This Is Why the Gold Run Is Not Done! | Peter Marrone – Allied Gold

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

Jushi Holdings Sees Sundial Growers Joint Venture Provide US$100 Million Credit Facility

Jushi Holdings (CSE: JUSH) is the latest multi state cannabis operator to get further funding...

Thursday, October 21, 2021, 08:36:11 AM

Jushi Holdings: Canaccord Raises Price Target Following Virginia News

On Saturday, both the Virginia House and Senate approved a recreational cannabis bill, which will...

Tuesday, March 2, 2021, 02:47:00 PM

Jushi Holdings to Acquire Pennsylvania Assets

Jushi Holdings (NEO: JUSH) announced this morning its entrance into the Pennsylvania medical cannabis market....

Tuesday, June 18, 2019, 09:08:32 AM

Jushi Announces Expanded California Footprint, Releases Few Details

Jushi Holdings (CSE: JUSH) has expanded its retail presence in California as of this morning,...

Thursday, January 14, 2021, 09:16:01 AM

Jushi Holdings Receives US$11 Million From Warrant Acceleration

Jushi Holdings (CSE: JUSH) this morning completed the acceleration of outstanding warrants as announced last...

Friday, January 22, 2021, 08:32:25 AM