Jushi Holdings Inc (TSE:JUSH) has released an update.
Jushi Holdings Inc., a multi-state cannabis operator, has reported a net loss of $18.4 million in the first quarter of 2024, a wider loss compared to Q1 2023. Despite the loss, the company highlighted a significant increase in gross profit margin to 49.4% and a rise in adjusted EBITDA to $13.3 million. Additionally, Jushi launched 443 new unique SKUs and continued its expansion with the opening of its 17th Beyond Hello™ dispensary in Pennsylvania.
For further insights into TSE:JUSH stock, check out TipRanks’ Stock Analysis page.
