GlobeNewswire·Oct 28, 2026, 4:05 PM ET

Jushi Holdings Inc. Reports Third Quarter 2026 Financial Results

JUSH

Jushi Holdings Inc. reported Q3 2026 revenue of $70.5 million, representing a 7% year-over-year increase.
Wholesale revenue grew 40% year-over-year to $9.7 million, marking the second consecutive quarterly record.
Retail revenue increased 3.5% year-over-year to $60.8 million, driven by growth in Ohio & Virginia.
The company achieved a gross profit of $32.3 million with a gross profit margin of 45.9%.
Net loss for the quarter was $12.5 million, an improvement from $23.7 million in Q3 2025.
Adjusted EBITDA reached $13.6 million, with an adjusted EBITDA margin of 19.3%.
Cash, cash equivalents, & restricted cash totaled $30.9 million as of the quarter-end.
Jushi-branded products accounted for 56% of retail revenue across the company's five vertical markets.
The company introduced 665 new unique SKUs during Q3 2026 to expand its product portfolio.
Virginia recorded its second consecutive quarter of record retail revenue & achieved record home delivery sales.
On July 30, 2026, the company completed the continuance of its parent entity from British Columbia to Nevada.
Adult-use cannabis sales in Virginia are scheduled to begin on July 1, 2027.
The company operates 42 dispensaries across eight states as of the end of Q3 2026.
Total gross debt subject to scheduled repayments was $215.6 million, excluding leases & specific notes payable.
Operating expenses increased slightly to $28.8 million, primarily due to higher employee costs & professional fees.
Other income (expense) resulted in a net expense of $9.3 million, driven largely by interest expense of $10.2 million.