Streetbeat News

JUSHF

Jushi Holdings Inc.

Industry

Gold Ore Mining

Open

0.29

Mkt cap

55M

Volume

21K

High

0.30

P/E Ratio

-1.12

52-wk high

0.92

Low

0.28

Div yield

N/A

52-wk low

0.22

The cannabis credit markets are seeing major refinancings with companies like Ascend, TerrAscend, and Jushi. The article emphasizes the importance of monitoring the Total Liabilities to Market Cap ratio as an early warning sign of credit difficulties. This metric is more responsive to market changes than Debt/EBITDA and is crucial for assessing financial flexibility and default risk.

Portfolio Pulse from Viridian Capital Advisors

August 19, 2024 | 5:44 pm

Jushi Holdings Inc. (OTC:JUSHF) reported significant improvements in its Q2 2024 financial results, including a reduced net loss, increased revenue, and strategic debt refinancing. The company also expanded its product offerings and market presence, particularly in Ohio and Virginia.

Portfolio Pulse from Nicolás Jose Rodriguez

August 07, 2024 | 11:32 pm

A recent report by Pablo Zuanic of Zuanic & Associates analyzes the debt maturities of over 20 multi-state operators (MSOs) in the U.S. cannabis industry. Ascend Wellness Holdings (OTC:AAWH) refinanced $200 million in debt, issuing $235 million in 5-year Senior Secured Notes at a 12.75% coupon rate. Other MSOs with significant debt include Schwazze (OTC:SHWZ), The Cannabist (OTC:CCHW), 4Front Ventures (OTC:FFNTF), Gold Flora (OTC:GRAMF), and Jushi Holdings (OTC:JUSHF). The report also highlights high income tax debt and leverage ratios for several companies, including StateHouse (OTC:STHZ) and Verano (OTC:VRNOF).

Portfolio Pulse from Nicolás Jose Rodriguez

August 02, 2024 | 3:17 pm

Jushi Holdings Inc. refinanced its $53 million loan with a new $48.5 million senior secured term loan and $7.4 million in cash, reducing its short-term debt to less than $1 million. The new loan has a 12.25% interest rate and includes five-year warrants for investors. Jushi will report its Q2 2024 financial results on August 7, 2024.

Portfolio Pulse from Nina Zdinjak

August 01, 2024 | 5:48 pm

Cannabis stocks and ETFs saw significant movement following President Joe Biden's announcement that he will not seek re-election. Key stocks like Aurora Cannabis, Village Farms International, Tilray Brands, and SNDL experienced notable gains. Multi-state operators and cannabis ETFs also saw positive performance.

Portfolio Pulse from Nicolás Jose Rodriguez

July 22, 2024 | 10:12 pm

Cannabis stocks experienced significant volatility following President Joe Biden's announcement that he will not seek re-election. Some stocks surged while others plummeted, reflecting investor sentiment and market speculation about future regulatory changes. Cannabis ETFs also showed mixed performance, indicating cautious optimism among investors.

Portfolio Pulse from Nicolás Jose Rodriguez

July 22, 2024 | 6:12 pm

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

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