Jushi Holdings Q1 2024: Cannabis Gross Margin Climbs To 49.4%, Net Loss Widens To $18.4M
Portfolio Pulse from Nicolás Jose Rodriguez
Jushi Holdings Inc. (OTC:JUSHF) reported its Q1 2024 financial results, showing a revenue of $65.5 million and a net loss of $18.4 million, an increase from the previous year's $12.4 million loss. The gross margin improved to 49.4%, and adjusted EBITDA was $13.3 million, up by $5.7 million year-over-year. The company launched 443 new SKUs and opened its 17th Beyond Hello dispensary in Pennsylvania.
May 09, 2024 | 11:43 pm
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Jushi Holdings Inc. reported a significant increase in gross margin to 49.4% and a rise in adjusted EBITDA to $13.3 million in Q1 2024, despite a widened net loss of $18.4 million.
The increased gross margin and adjusted EBITDA indicate operational efficiency and profitability improvements, which could be seen positively by investors. However, the widened net loss may temper optimism, leading to a neutral short-term impact on Jushi Holdings' stock price.
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