Financial PerformanceRevenue was higher than expected, margins faced meaningful pressure, while adj. EBITDA was in line with forecasts and above consensus estimates.
Operational EfficiencyInvestments in efficiency optimizations led to increased output and verticalization in key markets, lifting margins in both wholesale and retail.
Strategic PositioningOut of all US cannabis coverage, Jushi’s equity is viewed to have the highest potential upside amid a cannabis rescheduling event that removes 280E taxation.