Jushi Q2 revenue beats analyst estimates, posts record wholesale on higher production volumes

Jushi Holdings

28/07/2026 21:24

Overview
U.S. cannabis operator's Q2 revenue rose 10% yr/yr, beating analyst expectations
Company posted record wholesale revenue and strong retail growth in Virginia
Recognized $6.4 mln tax benefit from federal rescheduling of medical marijuana

Outlook
Company says Virginia adult-use cannabis sales to begin July 1, 2027
Jushi advancing cultivation and processing investments to support transition to adult-use sales
Company focused on expanding distribution, optimizing retail portfolio and maintaining liquidity in second half

Result Drivers
WHOLESALE EXPANSION - Record wholesale revenue driven by higher production volumes, improved product quality, and expanded distribution, per CEO Jim Cacioppo
RETAIL NETWORK GROWTH - Retail revenue rose on new dispensary openings and strong same-store sales in Ohio and Virginia, despite pricing pressure
OPERATIONAL EFFICIENCIES - Margin improvements attributed to higher production volumes and operational efficiencies, partly offset by competitive pricing and promotions

Company press release: ID:nGNXsQjmr

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$71.30 mln
$67.52 mln (4 Analysts)
Q2 Net Loss
 
$7.30 mln
 

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 198.2% above its July 27 closing price of C$0.57

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(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.)