Jushi Holdings (TSE:JUSH) has released an update.
Jushi Holdings Inc. reported a strong third quarter for 2024, with a robust gross profit margin of 45.4% and a 6.5% increase in adjusted EBITDA year-over-year. Despite a net loss of $16 million, the company continued to generate positive cash flows and strategically expanded its retail presence in Ohio. The company also strengthened its capital structure by reducing debt and launched new product offerings, enhancing its market position.
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