Jushi Holdings Q1 revenue rises 4%, slightly misses estimates

Jushi Holdings

12/05/2026 21:18

Overview

U.S. cannabis operator's Q1 revenue rose 4% yr/yr, slightly missing analyst expectations

Gross profit margin expanded 460 bps to 45%, reflecting improved operational performance

Company completed strategic refinancing, strengthening liquidity and extending debt maturities

Outlook

Company expects rescheduling of medical marijuana to Schedule III to lower ongoing tax expense

Transition to adult-use cannabis in Virginia could expand customer base, but timing and impact uncertain

Company says regulatory developments will play important role in shaping future growth opportunities

Result Drivers

RETAIL EXPANSION - Revenue growth was supported by new dispensary openings in Ohio and strong same-store sales in Virginia, though partially offset by pricing pressure in some markets

WHOLESALE GROWTH - Higher wholesale sales in Massachusetts and Ohio, driven by increased production volumes and expanded distribution, contributed to revenue gains

OPERATIONAL IMPROVEMENTS - Gross profit margin expansion reflected improved operational performance and product quality at grower-processor facilities, especially in Ohio, Massachusetts, and Pennsylvania

Company press release: ID:nGNX5gNPZ8

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Miss*
$66.40 mln
$66.98 mln (4 Analysts)
Q1 EPS
-$0.10
Q1 Net Income
-$19.80 mln
Q1 Gross Margin
45.00%
Q1 Operating Expenses
$28.30 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the healthcare facilities & services peer group is "buy"

Wall Street's median 12-month price target for Jushi Holdings Inc is C$1.70, about 139.4% above its May 11 closing price of C$0.71

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)