Jushi Holdings (TSE:JUSH) has released an update.
Jushi Holdings Inc. reported an increase in gross profit to $32.6 million with a margin of 50.4%, and an improvement in adjusted EBITDA to $14.5 million, indicating a strong second quarter in 2024. Despite a net loss of $1.9 million, the company demonstrated progress through the launch of 308 new high-margin SKUs and the advancement of debt reduction strategies. With these measures, Jushi aims to reinforce its financial stability and continued growth in the cannabis market.
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