Jushi Holdings management commentary cites Ohio retail volumes as driver of Q3 2026 gross profit growth
Bitget2026/10/28 21:24- Jushi Holdings' management commentary reported third-quarter 2026 revenue rose 7% to USD 70.48 million, driven by retail expansion and wholesale growth.
- Ohio store openings supported retail growth, while expanded wholesale distribution and higher production increased product availability.
- Gross margin fell to 46% from 47% as lower selling prices outweighed production efficiencies and lower product costs.
- Net loss narrowed to USD 12.52 million from USD 23.69 million, helped by derivative valuation gains and lower tax expense.
- Adjusted EBITDA increased 6% to USD 13.61 million despite higher employee costs from expanded operations and increased professional fees.
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