Jushi Holdings: Revenue $65.4M, Improves Net Loss & EBITDA For Q3 2023 As Weed Sales Surge
Portfolio Pulse from Nicolás Jose Rodriguez
Jushi Holdings Inc. reported Q3 2023 financial results with revenue of $65.4M and improved net loss and EBITDA. The company's net loss decreased by 62.3% YoY to $20.6M, and adjusted EBITDA grew to $9.7M. The success is attributed to disciplined cost management and the positive response to new SKUs. Jushi's shares were up 0.76% at $0.87 per share.
November 14, 2023 | 10:54 pm
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POSITIVE IMPACT
Jushi Holdings Inc. reported strong Q3 2023 results with increased revenue and reduced net loss, indicating operational efficiency and market growth.
The positive financial results, including a significant reduction in net loss and a strong adjusted EBITDA, suggest operational success and could lead to increased investor confidence in the short term, potentially driving the stock price up.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100