Jushi Holdings Inc
jushico.comWhat Do They Do?
Sells cannabis at dispensaries to medical patients and adult-use consumers, and supplies finished cannabis products and bulk cannabis to licensed dispensaries.
10-K for FY2025, filed Mar 31, 2026We are a vertically integrated, multi-state cannabis operator engaged in retail, distribution, cultivation, and processing operations in…View ↗
No cannabis sale transactions are completed on the Online Platforms. A patient or customer may reserve products using the Online Platforms…View ↗
We offer both in-house brands and third-party products at each of our retail locations in states where we are vertically integrated. With…View ↗
In addition to branded and manufactured finished products, we sell bulk raw materials to duly-licensed third parties for use in their own…View ↗
How Do They Make Money?
Patients and adult-use customers pay for cannabis at a dispensary to complete the purchase. Licensed wholesale customers buy cannabis for resale through their dispensaries.
10-K for FY2025, filed Mar 31, 2026In jurisdictions where medical cannabis is legal, upon arrival of the patient at the applicable dispensary, or at the point of delivery…View ↗
In jurisdictions where recreational cannabis is legal, upon arrival of the customer at the applicable dispensary, or at the point of…View ↗
17. REVENUE, NETView ↗
-
10-K for FY2025, filed Mar 31, 2026
FY2025 revenue by product or service ↗
$262.9M
-
10-K for FY2025, filed Mar 31, 2026
$262.9M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Retail cannabis
Sold outright
10-K for FY2025, filed Mar 31, 2026 |
90%
FY2022: 92%
|
Retail cannabis, FY2025
$235.5M Sources
|
Sold outright |
|
Wholesale cannabis
Sold outright
10-K for FY2025, filed Mar 31, 2026 |
10%
FY2022: 8.2%
|
Wholesale cannabis, FY2025
$27.4M Sources
|
Sold outright |
Who Are Their Customers?
Medical patients and adult-use consumers buy directly at the company’s dispensaries; licensed third parties buy cannabis for resale through their own dispensaries.
10-K for FY2025, filed Mar 31, 2026No cannabis sale transactions are completed on the Online Platforms. A patient or customer may reserve products using the Online Platforms…View ↗
In jurisdictions where medical cannabis is legal, upon arrival of the patient at the applicable dispensary, or at the point of delivery…View ↗
In jurisdictions where recreational cannabis is legal, upon arrival of the customer at the applicable dispensary, or at the point of…View ↗
In addition to branded and manufactured finished products, we sell bulk raw materials to duly-licensed third parties for use in their own…View ↗
17. REVENUE, NETView ↗
Do Revenues Turn Into Profits?
Not on paper. It lost $68.6M in FY2025, but brought in more cash than it spent: $1.6M of free cash flow.
10-K for FY2025, filed Mar 31, 2026
$4.9MView ↗
10-K for FY2025, filed Mar 31, 2026
−$68.6MView ↗
10-K for FY2025, filed Mar 31, 2026
$1.6MView ↗
How Are They Changing?
Growing. Revenue grew 26% in 4 years, from $209.3M in FY2021 to $262.9M in FY2025, about 6% a year.
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