Jushi Holdings Inc (TSE:JUSH) has released an update.
Jushi Holdings Inc. has announced its financial outcomes for Q4 and the full year of 2023, reporting a solid gross profit margin of over 40% and a significant decrease in net loss from $139.9 million in Q4 2022 to $18.0 million in Q4 2023. The company saw a rise in total revenue to $67.8 million for the quarter and $269.4 million for the year, along with an improved adjusted EBITDA. Moreover, Jushi successfully enhanced its product lineup with 175 new SKUs and solidified its market presence with over half of its retail revenue coming from Jushi-branded products.
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