Cannabis operator Jushi's Q3 revenue misses estimates

Overview

• Jushi Q3 2025 revenue of $65.7 mln missed analyst expectations

• Adjusted EBITDA for Q3 2025 beats analyst estimates, indicating strong operational performance

• Gross profit margin expanded by 220 bps sequentially to 46.7%

Outlook

• Company plans to open new stores in Ohio and New Jersey by year-end

• Jushi expects to launch its first New Jersey store in Q4 2025

• Company focuses on enhancing grower-processor capabilities to meet market demand

Result Drivers

• GROWER-PROCESSOR ENHANCEMENTS - Co attributes stronger sales and margin performance to ongoing enhancements in grower-processor footprint

• RETAIL EXPANSION - Retail revenue growth driven by new store openings in Ohio and Virginia, despite competitive pricing pressures

• HIGHER YIELDS - Facility enhancements led to a 13% increase in average yields year-over-year, contributing to improved product quality

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and 1 "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$1.00, about 13% above its November 3 closing price of C$0.87

Press Release: ID:nGNX6ddSrR

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