Jushi Holdings (JUSH) AI Stock Analysis

• Market Cap: C$163.26M
• Dividend Yield: N/A
• Average Volume (3M): 104.97K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.00
• Revenue Growth: 3.17%
• EPS Growth: -24.07%
• Country: CA
• Employees: 1,234
• Sector: Healthcare
• Sector Strength: 45
• Industry: Drug Manufacturers - Specialty & Generic
• EPS (TTM): -0.17
• Shares Outstanding: 196,696,600
• 10 Day Avg. Volume: 128,959
• 30 Day Avg. Volume: 104,975
• PEG Ratio: 0.03
• Price to Book (P/B): -1.21
• Price to Sales (P/S): 0.24
• P/FCF Ratio: 3.62
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$2.00
• Price Target Upside: 140.96% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: C$0.81 ▼(-2.65% Downside)

Jushi Holdings' overall stock score reflects significant financial challenges, particularly in profitability and leverage, which are the most impactful factors. While there are positive signs in revenue growth and operational improvements, these are counterbalanced by increased net losses and valuation concerns. Technical indicators suggest a neutral market sentiment, and regulatory uncertainties add further risk.

Positive Factors

Revenue Growth

Consistent revenue growth signifies expanding market reach and product adoption, which can enhance long-term business stability and shareholder value.

Operational Enhancements

Improved cultivation yields and potency levels enhance product quality, potentially leading to better customer satisfaction and increased market share.

Strategic Investments

Strategic investments in high-return projects strengthen supply chain capabilities, supporting long-term growth and operational efficiency.

Negative Factors

Net Loss Increase

Rising net losses indicate financial challenges that could hinder future investments and operational expansions, impacting long-term viability.

Price Compression Challenges

Price compression affects profitability, limiting the company's ability to reinvest in growth initiatives and maintain competitive pricing.

Regulatory Hurdles

Regulatory uncertainties can delay market entry and expansion, affecting strategic planning and revenue potential in key markets.

Jushi Holdings Business Overview & Revenue Model

Company Description

Jushi Holdings Inc., a vertically integrated cannabis company, engages in the cultivation, processing, retail, and distribution of medical and adult-use products. It focuses on building a portfolio of cannabis assets in various jurisdictions in Pennsylvania, Virginia, Ohio, Illinois, California, Nevada, and Massachusetts. The company also offers hemp-based CBD products, including cannabidiol supplements, tinctures, capsules, softgels, and topicals under The Bank, The Lab, Nira+ Medicinals, Seche, Tasteology, and Nira brands. As of August 25, 2022, it operated 35 BEYOND/HELLO retail locations. The company was incorporated in 2007 and is headquartered in Boca Raton, Florida.

How the Company Makes Money

Jushi Holdings generates revenue primarily through the sale of cannabis products in both medical and recreational markets. Key revenue streams include direct sales from retail locations, wholesale distribution to third-party dispensaries, and e-commerce platforms. The company also benefits from its vertically integrated model, which allows it to control costs and optimize profit margins at various stages of production and distribution. Significant partnerships with local growers and suppliers enhance supply chain efficiency and ensure product quality. Additionally, Jushi's expansion into new markets and its focus on brand development further contribute to its earnings.

Jushi Holdings Financial Statement Overview

Summary

Jushi Holdings faces significant financial challenges, with negative net income and high leverage. While revenue growth is positive, profitability remains elusive, and the balance sheet is strained by high debt levels. Cash flow generation is weak, further complicating financial stability. The company needs to focus on improving operational efficiency and reducing leverage to enhance its financial health.

Income Statement

Jushi Holdings shows a mixed performance in its income statement. The company has a positive revenue growth rate of 17.6% TTM, indicating a growing top line. However, the net profit margin remains negative at -18.54% TTM, reflecting ongoing profitability challenges. The gross profit margin is relatively healthy at 43.67% TTM, but the negative net income suggests cost management issues. The EBIT and EBITDA margins are modest at 8.90% and 20.70% TTM, respectively, indicating some operational efficiency but insufficient to drive profitability.

Balance Sheet

The balance sheet of Jushi Holdings reveals significant financial leverage, with a concerning debt-to-equity ratio of -3.99 TTM, indicating high debt levels relative to negative equity. The return on equity is positive at 106.07% TTM, but this is due to the negative equity base, which distorts the metric. The equity ratio is negative, reflecting a precarious financial position with liabilities exceeding assets, posing a risk to financial stability.

Cash Flow

Cash flow analysis shows challenges in liquidity management. The free cash flow growth rate is significantly negative at -76.75% TTM, indicating a decline in cash generation. The operating cash flow to net income ratio is 0.37 TTM, suggesting limited cash flow relative to net losses. The free cash flow to net income ratio is 0.65 TTM, showing some ability to generate cash despite net losses, but overall cash flow remains weak.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	260.43M	257.52M	363.67M	284.28M	209.29M	80.77M
Gross Profit	110.77M	118.30M	142.49M	95.48M	87.37M	43.07M
EBITDA	37.75M	50.72M	40.96M	-121.65M	86.37M	-181.90M
Net Income	-65.50M	-48.78M	-87.87M	-273.94M	20.25M	-211.87M
Balance Sheet
Total Assets	431.70M	440.32M	611.03M	529.34M	677.91M	359.28M
Cash, Cash Equivalents and Short-Term Investments	23.17M	19.52M	38.44M	26.20M	94.96M	93.79M
Total Debt	113.05M	271.13M	394.04M	321.20M	246.09M	95.07M
Total Liabilities	533.17M	490.56M	621.08M	483.45M	494.82M	357.53M
Stockholders Equity	-101.47M	-50.23M	-8.22M	47.28M	184.48M	-177.00K
Cash Flow
Free Cash Flow	16.65M	16.86M	-18.98M	-78.30M	-72.74M	-25.43M
Operating Cash Flow	18.83M	21.57M	-4.48M	-21.42M	1.58M	-3.72M
Investing Cash Flow	-17.41M	-7.07M	0.00	-80.86M	-112.48M	-44.73M
Financing Cash Flow	1.85M	-24.46M	0.00	33.98M	120.81M	95.41M

Jushi Holdings Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.83
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:JUSH, the sentiment is Neutral. The current price of 0.83 is above the 20-day moving average (MA) of 0.76, above the 50-day MA of 0.81, and above the 200-day MA of 0.68, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 51.30 is Neutral, neither overbought nor oversold. The STOCH value of 27.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:JUSH.

Jushi Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EPIC	66 Neutral	C$22.96M	13.18	―	―	34.71%	―
DB	64 Neutral	C$60.57M	4.18	21.77%	―	15.11%	―
OGI	54 Neutral	C$322.66M	-11.77	-7.93%	―	62.15%	60.50%
TSND	53 Neutral	C$387.42M	-1.87	-43.99%	―	-11.16%	-29.56%
Sector *	51 Neutral	$7.86B	-0.30	-43.30%	2.27%	22.53%	-2.21%
JUSH	47 Neutral	C$163.26M	-1.77	―	―	3.17%	-24.07%
LABS	45 Neutral	C$29.45M	-3.63	-19.10%	―	18.06%	34.58%

Jushi Holdings Corporate Events

Jushi Holdings Expands Shayo Cannabis Brand to Nevada Market

Jushi Holdings Inc. has announced the expansion of Shayo, a cannabis-infused wellness brand co-created with Real Housewives star Stacey Rusch, into the Nevada Adult-Use Market. Following its success in Virginia’s medical market, Shayo’s fruit chews are now available to Nevada consumers, coinciding with BravoCon weekend. This launch represents a strategic move to introduce Shayo to one of the most dynamic adult-use markets in the U.S., potentially enhancing Jushi’s market presence and appealing to a broader audience seeking balance and joy through cannabis.

Jushi Holdings Expands into New Jersey with Beyond Hello™ Little Ferry Dispensary

Jushi Holdings Inc. has announced the opening of its first dispensary in New Jersey, Beyond Hello™ Little Ferry, marking its entry into the state’s cannabis market and expanding its national retail presence to 42 locations. This new dispensary, strategically located in Bergen County, offers a wide selection of premium cannabis products and aims to provide a modern, inclusive shopping experience, enhancing Jushi’s industry positioning and serving both local consumers and commuters in the Northern New Jersey/New York metropolitan area.

Jushi Holdings Reports Strong Q3 2025 Financial Results and Strategic Expansion

Jushi Holdings Inc. reported a revenue of $65.7 million for the third quarter of 2025, reflecting continued growth and improved profitability. The company achieved a gross profit margin of 46.7%, driven by strategic enhancements in its grower-processor network and retail expansion. Jushi’s operational improvements led to a 23% increase in wholesale sales and a 6% rise in retail sales year-over-year. The company strengthened its financial position by amending a commercial loan, securing additional proceeds, and reducing interest rates. Jushi’s expansion plans include new store openings in Ohio and New Jersey, further solidifying its market presence.

Jushi Holdings Secures Additional Loan for Growth

Jushi Holdings Inc. has announced favorable modifications to its existing mortgage in Manassas, Virginia, securing an additional $4,000,000 in loan proceeds and extending the maturity date to September 18, 2030. This capital infusion, along with a lowered interest rate floor, strengthens Jushi’s balance sheet, supporting its growth initiatives and enhancing its market position in the cannabis industry.

Jushi Holdings Secures Enhanced Loan Terms to Fuel Growth

Jushi Holdings Inc. announced favorable modifications to its existing secured commercial loan with FVCBank, including an additional $4,000,000 in loan proceeds, an extension of the maturity date to September 18, 2030, and a reduction in the interest rate floor. These changes are expected to bolster the company’s balance sheet, supporting growth initiatives and enhancing its competitive positioning within the cannabis industry.

Jushi Holdings Expands Ohio Presence with New Parma Dispensary

Jushi Holdings Inc. has announced the grand opening of its Beyond Hello™ Parma dispensary in Ohio, marking its sixth location in the state and 41st nationwide. This expansion highlights Jushi’s commitment to Ohio’s growing cannabis market, offering a wide range of premium cannabis products and a personalized retail experience. The new store is strategically located to serve the Cleveland area, further reinforcing Jushi’s investment in Ohio’s cannabis industry.