Jushi Holdings Q1 2024: Cannabis Gross Margin Climbs To 49.4%, Net Loss Widens To $18.4M
Jushi Holdings Inc. (OTC: JUSHF), a leading multi-state cannabis operator, reported its financial outcomes Thursday for the first quarter of 2024, highlighting advancements in profitability and operational efficiency.
Jim Cacioppo, CEO of Jushi, expressed satisfaction with the company’s progress, noting the increased gross profit margin and successful introduction of high-margin products. “Our commitment to operational improvements and product innovation is reflected in our improved margins and Adjusted EBITDA,” Cacioppo stated.
Financial Highlights
In the first quarter, Jushi reported a total revenue of $65.5 million, underpinned by strategic brand …