Jushi Holdings Inc (OTCPK:JUSHF)

Q1 2026 Jushi Holdings Inc Earnings Call Transcript

May 12, 2026 / 08:30 PM GMT

Release Date Price: $0.5 (-3.85%)

Transcript 10-Q8-K

Key Points

Positve

Revenue for the first quarter of 2026 was $66.4 million, representing a 4% increase compared to the prior year quarter.
Wholesale revenue increased by 22.2% year-over-year, driven by strong growth in Massachusetts and Ohio.
Gross profit increased to $29.9 million, or 45% of revenue, compared to $25.8 million, or 40.4% of revenue, in the prior year quarter.
Adjusted EBITDA was $11.4 million, representing an adjusted EBITDA margin of 17.2%, compared to $9.8 million, or 15.4%, in the prior-year quarter.
The company ended the quarter with approximately $42 million of total cash, reflecting a strengthened balance sheet.

Negative

Pricing pressure remained a factor across markets, impacting average selling prices.
The net loss for the first quarter was $19.8 million compared to $17 million in the prior year.
Operating expenses for the first quarter were $28.3 million, compared to $27.6 million in the last year's first quarter, due to higher employee costs and legal fees.
Lower revenue in Virginia due to reduced demand from wholesale partners.
The ongoing impact of competitive pricing pressure across various markets.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

JUSH.CD - Jushi Holdings Inc
Q1 2026 Jushi Holdings Inc Earnings Call
May 12, 2026 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, greetings and welcome to the Zushi Holdings, Inc. Q1 2026 Earnings Conference Call.

At this time, all participants are in the listen-only mode.

A brief question-and-answer session will follow the formal presentation.

If anyone requires operator assistance.

During the conference, please signal the operator by pressing and 0 on your telephone keypad.

As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host for today, Trent Wolovec, Chief Strategy Director. Please go ahead.

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Unidentified_2 [2]
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