Jushi Holdings Inc. Records Net Loss of $12.4 Million in Q1 2023

Jushi Holdings Inc.(JUSHF), a leading player in the ca nnabis industry, has announced its unaudited financial results for the first quarter ended March 31, 2023. The company reported a net loss of $12.4 million for the quarter, accompanied by revenue of $69.9 million. These results provide insights into the company's financial performance amid the evolving landscape of the cannabis market.

Net Loss Incurred

Jushi Holdings Inc. faced a net loss of $12.4 million during the first quarter of 2023. This figure highlights the challenges and competitive pressures that the company navigated within the cannabis sector. The net loss is a significant factor that the company will likely address to improve its profitability in the coming quarters.

Revenue Growth