Jushi Holdings Inc. Reports Fourth Quarter and Full Year 2020 Financial Results and First Quarter 2021 Financial Results

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Jim Cacioppo, the CEO, Chairman and Founder of Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCMKTS: JUSHF), a vertically integrated, multi-state cannabis operator, provides a detailed operational update on the Company’s recent activities and progress, along with an overview of Jushi’s First Quarter 2021 Financial Results.   Fourth Quarter 2020 Revenue Increases 29.6% to $32.3 million as compared to the Third Quarter 2020; First Quarter 2021 Revenue Increases 29.0% to $41.7 million as compared to the Fourth Quarter 2020; Provides Second Quarter 2021 Revenue and Adjusted EBITDA Guidance BOCA RATON, Fla., June 09, 2021 (GLOBE NEWSWIRE) — Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCMKTS: JUSHF), a vertically integrated, multi-state cannabis operator, announced its financial results for the fourth quarter and full year ended December 31, 2020, and its first quarter 2021 ended March 31, 2021 financial results. All financial information is provided in U.S. dollars unless otherwise indicated.   Fourth Quarter 2020 Highlights Total revenue increased 29.6% sequentially to $32.3 million Gross profit of $19.2 million, an increase of 56.6% sequentially Net loss of $156.7 million, driven primarily by the fair value losses on derivative warrant liabilities Adjusted EBITDA1 of $2.6 million   Full Year 2020 Highlights Total revenue increased approximately 689.6% year-over-year to $80.8 million Gross profit of $43.1 million, an increase of 793.0% year-over-year Net loss of $211.9 million, driven primarily by the fair value losses on derivative warrant liabilities Adjusted EBITDA1 loss of $3.0 million First Quarter 2021 Highlights Total revenue of $41.7 million, an increase of 29.0% sequentially Gross profit of $20.1 million, an increase of 4.7% sequentially Net loss of $26.8 million, driven primarily by the fair value losses on derivative warrant liabilities, income tax expense, interest expense and finance charges Adjusted EBITDA1 of $3.0 million $167.9 million of cash and cash equivalents and short-term investments in securities on the balance sheet as of March 31, 2021   1 See…

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