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Jushi Holdings ( (TSE:JUSH) ) has issued an update.
Jushi Holdings Inc. announced amendments to CEO Jim Cacioppo’s employment agreement to manage near-term working capital requirements. The amendments, approved by independent directors, involve a restructuring of Cacioppo’s compensation package, converting his cash bonus and stock options into a cash payment and restricted shares. This move is considered a related party transaction under MI 61-101 but is exempt from certain requirements due to its valuation relative to the company’s market capitalization.
The most recent analyst rating on (TSE:JUSH) stock is a Hold with a C$0.67 price target. To see the full list of analyst forecasts on Jushi Holdings stock, see the TSE:JUSH Stock Forecast page.
Spark’s Take on TSE:JUSH Stock
According to Spark, TipRanks’ AI Analyst, TSE:JUSH is a Neutral.
Jushi Holdings’ overall stock score reflects significant financial challenges and valuation concerns, despite positive corporate events and some operational improvements. High leverage and ongoing losses are major risks, while strategic expansions and improved cash flows offer some optimism.
To see Spark’s full report on TSE:JUSH stock, click here.
More about Jushi Holdings
Jushi Holdings Inc. is a vertically integrated cannabis company focused on building a multi-state portfolio of branded cannabis assets. The company aims to maximize shareholder value by delivering high-quality products across the cannabis ecosystem through acquisitions, distressed workouts, and competitive applications.
Average Trading Volume: 107,851
Technical Sentiment Signal: Buy
Current Market Cap: C$212.4M
Learn more about JUSH stock on TipRanks’ Stock Analysis page.