Streetbeat News

JUSHF

Jushi Holdings Inc.

Industry

Gold Ore Mining

Open

0.32

Mkt cap

63M

Volume

21K

High

0.33

P/E Ratio

-1.15

52-wk high

1.09

Low

0.31

Div yield

N/A

52-wk low

0.22

Pennsylvania's budget approval excludes recreational cannabis legalization, impacting Jushi Holdings and TILT Holdings. Both companies had invested heavily in anticipation of legalization. Jushi's stock declined, while TILT's stock saw a slight increase. The news highlights the importance of state-level decisions for the cannabis industry.

Portfolio Pulse from Nicolás Jose Rodriguez

July 16, 2024 | 2:06 am

Cannabis stocks experienced significant declines on June 28, 2024, due to an IRS filing reminding taxpayers that marijuana remains a Schedule I controlled substance and is subject to tax limitations. Companies with high excess tax liabilities, such as Jushi and AYR, saw the largest stock declines, while those with minimal liabilities, like Green Thumb and Glass House Brands, experienced smaller declines.

Portfolio Pulse from Viridian Capital Advisors

July 01, 2024 | 3:52 pm

Several cannabis companies are approaching significant debt maturities, which could impact their financial stability and investor portfolios. Curaleaf, Cresco Labs, Green Thumb, and Ascend Wellness face substantial refinancing risks, while Vext Science, Jushi Holdings, and Cansortium have relatively moderate debt challenges. Investors should monitor these developments closely.

Portfolio Pulse from Nicolás Jose Rodriguez

June 25, 2024 | 10:34 pm

The Viridian Chart of the Week analyzes the relationship between financial strength and YTD stock performance of 30 MSO/SSOs. Group 1, consisting of the strongest companies, has shown significant gains, while weaker groups have underperformed. Investors are advised to focus on stronger companies like Verano, Trulieve, and Cresco, with potential targeted investments in lower strength companies with positive catalysts.

Portfolio Pulse from Viridian Capital Advisors

June 24, 2024 | 5:12 pm

Tim Seymour, portfolio manager of the Amplify Seymour Cannabis ETF (NYSE: CNBS), emphasizes the importance of state-level legalization over federal rescheduling for cannabis industry growth. He highlights the potential in states like Ohio, Florida, and Pennsylvania, and mentions companies like Cresco Labs, Trulieve, and Jushi Holdings as well-positioned to benefit from these changes.

Portfolio Pulse from Nicolás Jose Rodriguez

June 18, 2024 | 3:20 pm

The article discusses recent leadership changes and appointments in the cannabis industry, including new leaders at the New York Office of Cannabis Management, board changes at Jushi Holdings Inc., Planet 13 Holdings Inc., and Glass House Brands Inc., and strategic additions to CanaQuest Medical Corp's executive team.

Portfolio Pulse from Jelena Martinovic

June 13, 2024 | 1:47 am

The Viridian Chart of the Week highlights the high capital intensity in the cannabis industry compared to other sectors. The analysis shows that companies like Jushi (OTC:JUSHF) and AYR Wellness (OTC:AYRWF) have varying levels of capital intensity, impacting their EBITDA margins and returns on capital. The report suggests that while higher capital intensity can lead to higher EBITDA margins, it may not necessarily result in better returns on investment.

Portfolio Pulse from Viridian Capital Advisors

May 28, 2024 | 5:20 pm

Jushi Holdings Inc. (OTC:JUSHF) is poised for substantial growth with potential adult-use cannabis legalization in Ohio and Pennsylvania, and continuous expansion in Virginia’s medical market. Rescheduling of cannabis could provide $514 million in tax breaks, nearly quadrupling the company's market cap. Despite a slight decline in Q1 2024 sales, the company shows positive cash flow and improved margins.

Portfolio Pulse from Nicolás Jose Rodriguez

May 22, 2024 | 7:27 pm

Cannabis analysts may revise 2024 projections as 10 MSOs beat EBITDA estimates by $37M in Q1. Despite this, full-year estimates only increased by $14M, showing a lag in analyst response. Revenue performance varied, with some companies missing estimates. Despite EBITDA beats, 2024 estimates were cut for six companies. TerrAscend, Ascend, and Green Thumb had significant beats, while MariMed had the largest miss. Margin projections for the year have been adjusted down slightly.

Portfolio Pulse from Nicolás Jose Rodriguez

May 14, 2024 | 1:16 pm

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.

Portfolio Pulse from Nicolás Jose Rodriguez

May 09, 2024 | 11:43 pm

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