Jushi Holdings Inc. (OTCMKTS: JUSHF) has announced that it will report its third-quarter financial results on November 17, 2021, after the market opens.

In Q2 2021, Jushi reported a 14.6% growth in revenue 

In Q2 2021, the company reported total revenue of $477 million, representing a 14.6% QoQ and 219.7 YoY. Gross profit was up 9.2% sequentially and 193.7% YoY to 21.9 million. Net income was increased by $31.6 million sequentially to $4.8 million.

CEO and founder Jushi Holdings Jim Cacioppo said, “I’m very pleased with our performance in the second quarter; we achieved strong sequential revenue growth, industry leading year-over-year revenue growth, and maintained Adjusted EBITDA profitability, while continuing to invest in our strategic growth initiatives. With our strong balance sheet we are well positioned to execute on our plans, which includes expanding our national retail footprint as well as building out our cultivation and processing assets to support increased demand from both patients and consumers for our high-quality product.”

Jushi Signed an agreement  on a $100M Secured Credit  Facility 

Recently, the company signed definitive documentation regarding a $100 million senior Secured Credit Facility from SunStream Bancorp Inc. portfolio company, a joint venture funded by Sundial Growers Inc. (NASDAQ: SNDL).

The company will initially draw $40 million from this Acquisition Facility to finance party of the recently finalized Natures Remedy of Massachusetts Inc. Acquisition. Additionally, Jushi will explore borrowing additional funds under the Acquisition Facility in the future for prospective strategic expansion opportunities in both its main and developing markets.

Cacioppo said, “Securing non-dilutive funding from Sunstream strengthens our balance sheet and positions us to aggressively pursue our national growth plans. This increased financial flexibility will allow us to continue our ongoing expansion efforts in existing markets such as Nevada, Illinois, Ohio and California, and pursue new, potential target markets such as New Jersey, Maryland, and other high-growth regions. We remain focused on identifying strategic opportunities to bolster our operations across the supply chain, with a view to fostering long-term value for our shareholders.”

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