DEBT - Narrative (Details)
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1 Months Ended |
12 Months Ended |
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Feb. 06, 2024
USD ($)
$ / shares
shares
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Jan. 24, 2024
USD ($)
agreement
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Dec. 31, 2022
USD ($)
$ / shares
shares
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Oct. 31, 2024
USD ($)
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Sep. 30, 2024
USD ($)
$ / shares
shares
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Jul. 31, 2024
USD ($)
$ / shares
shares
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Apr. 30, 2023
USD ($)
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Dec. 31, 2022
USD ($)
$ / shares
shares
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Sep. 30, 2022 |
Jul. 31, 2022
USD ($)
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Apr. 30, 2022
USD ($)
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Mar. 31, 2022
USD ($)
note
month
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Oct. 31, 2021
USD ($)
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Dec. 31, 2024
USD ($)
loan
$ / shares
shares
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Dec. 31, 2023
USD ($)
$ / shares
shares
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Nov. 30, 2023
USD ($)
$ / shares
shares
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Sep. 01, 2023
USD ($)
$ / shares
shares
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Jun. 30, 2023
USD ($)
$ / shares
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Jun. 29, 2023
$ / shares
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Mar. 31, 2023
USD ($)
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Jan. 31, 2023
USD ($)
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Dec. 31, 2021
USD ($)
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Sep. 30, 2021
USD ($)
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Debt Instrument [Line Items] |
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Derivative warrants exercise price (in dollars per share) | $ / shares |
$ 1.00
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$ 0.65
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Cash bonus forfeited for alternative payment method |
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$ 950,000
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$ 750,000
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Annual cash bonus |
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$ 238,000
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$ 850,000
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$ 213,000
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250,000
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Increase in annual base salary |
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$ 100,000
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Number of note exchange agreements | agreement |
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2
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Derivative warrants outstanding (in shares) | shares |
1,800,000
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Losses on debt redemptions/extinguishments/modifications |
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$ (362,000)
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$ 0
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Share-based compensation arrangement by share-based payment award, options, grants in period, gross | shares |
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1,062,732
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12,954,490
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11,507,429
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Total debt |
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$ 201,474,000
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$ 225,592,000
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Gain on deconsolidation of Jushi Europe |
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$ 1,896,000
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$ 0
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Number of mortgage loans | loan |
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3
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NuLeaf |
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Debt Instrument [Line Items] |
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Payment for contingent consideration liability |
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$ 3,000,000
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Nature's Remedy |
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Debt Instrument [Line Items] |
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Payment for contingent consideration liability |
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$ 5,000,000
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Northern Cardinal Ventures, LLC |
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Debt Instrument [Line Items] |
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Equity interests acquired |
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51.00%
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51.00%
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Consideration paid in promissory notes |
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$ 175,000
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Stock options |
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Debt Instrument [Line Items] |
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Expiration term |
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5 years
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10 years
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Warrants (derivative liabilities and equity) |
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Debt Instrument [Line Items] |
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Warrants issued (in shares) | shares |
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19,400,000
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Warrants, term |
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5 years
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Derivative warrants exercise price (in dollars per share) | $ / shares |
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$ 1.00
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Warrants |
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Debt Instrument [Line Items] |
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Warrants issued (in shares) | shares |
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17,512,280
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17,512,280
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Warrants, term |
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4 years
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4 years
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Discount on warrant |
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50.00%
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50.00%
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Derivative Warrants To Purchase Super Voting Shares, $2.086 Exercise Price, Expiring December 2026 |
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Debt Instrument [Line Items] |
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Derivative warrants exercise price (in dollars per share) | $ / shares |
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$ 2.086
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$ 2.086
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$ 2.086
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$ 2.086
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Derivative warrants outstanding (in shares) | shares |
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2,000,000
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2,000,000
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Derivative Warrants |
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Debt Instrument [Line Items] |
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Derivative warrants exercise price (in dollars per share) | $ / shares |
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$ 0.80
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$ 0.68
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$ 1.00
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$ 2.086
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Value of securities called by warrants or rights |
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$ 575,000
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375,000
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Derivative warrants exercises (in shares) | shares |
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718,750
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551,471
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Warrants and rights outstanding |
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$ 191,000
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$ 200,000
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Debt instrument, unamortized discount |
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$ 1,341,000
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Derivative warrants outstanding (in shares) | shares |
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21,400,000
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Unsecured Debt |
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Debt Instrument [Line Items] |
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Debt instrument interest rate |
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12.00%
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12.00%
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Term loans |
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Debt Instrument [Line Items] |
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Debt instrument, unamortized discount |
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$ 970,000
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Term loans | Chief Executive Officer |
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Debt Instrument [Line Items] |
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Debt instrument principal amount |
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$ 9,000
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Warrants issued (in shares) | shares |
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3,600,000
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Term loans | Founder |
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Debt Instrument [Line Items] |
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Debt instrument principal amount |
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$ 7,000
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Warrants issued (in shares) | shares |
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2,800,000
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Term loans | Term loans |
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Debt Instrument [Line Items] |
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Debt instrument principal amount |
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$ 48,500,000
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Debt instrument, issuance discount rate |
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2.00%
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Debt instrument interest rate |
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12.25%
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Debt instrument, threshold term |
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91 days
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Periodic payment |
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$ 1,213,000
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Balloon payment to be paid |
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$ 42,438,000
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Debt instrument, exit premium rate |
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4.00%
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Proceeds from issuance of long-term debt |
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$ 47,530,000
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Total debt |
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48,500,000
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$ 0
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Minimum cash balance |
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8,000
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Long-term debt, maturity, 2024 |
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2,425,000
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Long-term debt, maturity, 2026 |
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$ 46,075,000
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Second Lien Notes |
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Debt Instrument [Line Items] |
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Debt instrument, threshold term |
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91 days
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Second Lien Notes | Unsecured Debt |
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Debt Instrument [Line Items] |
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Debt instrument principal amount |
$ 4,750,000
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$ 73,061,000
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$ 1,382,000
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$ 73,061,000
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$ 1,150,000
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$ 750,000
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Debt instrument interest rate |
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12.00%
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12.00%
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Proceeds from issuance of unsecured debt |
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$ 31,594,000
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Repurchase amount |
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$ 41,467,000
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$ 41,467,000
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Losses on debt redemptions/extinguishments/modifications |
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$ 399,000
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Total debt |
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$ 80,131,000
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75,497,000
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Long-term debt, maturity, 2024 |
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0
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Long-term debt, maturity, 2026 |
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80,131,000
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Second Lien Notes | Senior Notes |
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Debt Instrument [Line Items] |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument interest rate |
|
|
10.00%
|
|
|
|
|
10.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Existing Notes | Unsecured Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Extinguishment of debt |
9,850,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Payments of promissory notes |
$ 2,750,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Acquisition Facility | Acquisition Facility | Term loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument interest rate |
|
|
11.00%
|
|
|
|
|
11.00%
|
|
|
|
|
9.50%
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, unamortized discount |
|
|
|
|
|
|
|
|
|
|
|
|
$ 1,701,000
|
|
|
|
|
|
|
|
|
|
|
Line of credit facility, maximum borrowing capacity |
|
|
$ 65,000,000
|
|
|
|
|
$ 65,000,000
|
|
|
|
|
$ 100,000,000
|
|
|
|
|
|
|
|
|
|
|
Debt instrument term |
|
|
|
|
|
|
|
|
|
|
|
|
5 years
|
|
|
|
|
|
|
|
|
|
|
Line of credit facility, draw period |
|
|
|
|
|
|
|
|
|
|
|
|
18 months
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, interest rate, term |
|
|
|
|
|
|
|
|
|
|
|
|
2 years
|
|
|
|
|
|
|
|
|
|
|
Accordion feature, higher borrowing capacity option |
|
|
|
|
|
|
|
|
|
|
|
|
$ 25,000,000
|
|
|
|
|
|
|
|
|
|
|
Debt issuance costs |
|
|
|
|
|
|
|
|
|
|
|
|
721,000
|
|
|
|
|
|
|
|
|
|
|
Proceeds from long-term lines of credit |
|
|
|
|
|
|
|
|
|
|
$ 25,000,000
|
|
40,000,000
|
|
|
|
|
|
|
|
|
|
|
Acquisition Facility | Senior Notes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument principal amount |
|
|
|
|
|
|
|
|
|
|
|
|
$ 100,000,000
|
|
|
|
|
|
|
|
|
|
|
Unused capacity, commitment fee percentage |
|
|
|
|
|
|
|
|
|
|
|
|
2.25%
|
|
|
|
|
|
|
|
|
|
|
Commitment fee percentage upon maturity or refinancing |
|
|
|
|
|
|
|
|
|
|
|
|
1.50%
|
|
|
|
|
|
|
|
|
|
|
Early repayment of debt, fee percentage |
|
|
|
|
|
|
|
|
|
|
|
|
1.50%
|
|
|
|
|
|
|
|
|
|
|
Right of first refusal, percentage |
|
|
|
|
|
|
|
|
|
|
|
|
50.00%
|
|
|
|
|
|
|
|
|
|
|
Acquisition Facility | Acquisition Facility |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Percentage of outstanding term loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10.00%
|
|
|
|
|
|
|
|
Acquisition Facility | Acquisition Facility | Acquisition Facility |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 0
|
$ 60,125,000
|
|
|
|
|
|
|
|
|
Acquisition Facility | Acquisition Facility | Acquisition Facility |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Losses on debt redemptions/extinguishments/modifications |
|
|
|
|
|
900,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Apothecarium Notes Due March 16, 2027 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of debt instruments | note |
|
|
|
|
|
|
|
|
|
|
|
2
|
|
|
|
|
|
|
|
|
|
|
|
Apothecarium Notes Due March 16, 2027 | Unsecured Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument principal amount |
|
|
|
|
|
|
|
|
|
|
|
$ 9,853,000
|
|
|
|
|
|
|
|
|
|
|
|
Periodic payment, principal |
|
|
|
|
|
|
|
|
|
|
|
$ 3,448,000
|
|
|
|
|
|
|
|
|
|
|
|
Periodic payment, period | month |
|
|
|
|
|
|
|
|
|
|
|
21
|
|
|
|
|
|
|
|
|
|
|
|
Remaining balance monthly installments, term | month |
|
|
|
|
|
|
|
|
|
|
|
39
|
|
|
|
|
|
|
|
|
|
|
|
Nuleaf Unsecured Promissory Notes | Unsecured Debt | NuLeaf |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument principal amount |
|
|
|
|
|
|
|
|
|
|
$ 15,750,000
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument interest rate |
|
|
|
|
|
|
|
|
|
|
8.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
NuLeaf Five-Year Note | NuLeaf |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument term |
|
|
|
|
|
|
|
|
|
5 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nature's Remedy Three-Year Note | Unsecured Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument principal amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 11,500,000
|
Debt instrument interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8.00%
|
Debt instrument term |
|
|
|
|
|
|
|
|
3 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nature's Remedy Five-Year Note | Unsecured Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument principal amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 5,000,000
|
Acquisition Related Promissory Notes | Unsecured Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Losses on debt redemptions/extinguishments/modifications |
|
|
|
|
|
140,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total debt |
|
|
|
|
|
$ 3,750,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, redemption price, percentage of principal amount redeemed |
|
|
|
|
|
96.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, redemption price, percentage of accrued and unpaid interest |
|
|
|
|
|
0.50
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Acquisition Related Promissory Notes | Unsecured Debt | Northern Cardinal Ventures, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument interest rate |
|
|
|
9.00%
|
9.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument term |
|
|
|
1 year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Arlington Mortgage | Mortgage loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.875%
|
|
|
|
|
|
|
|
|
|
Line of credit facility, maximum borrowing capacity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 6,900,000
|
|
Proceeds from long-term lines of credit |
|
|
$ 5,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Remaining borrowing capacity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1,900,000
|
|
|
Dickinson City Mortgage | Acquisition Facility | Acquisition Facility |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
9.75%
|
|
|
|
|
|
|
|
|
|
Line of credit facility, maximum borrowing capacity |
|
|
|
|
|
|
|
|
|
$ 2,800,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dickinson City Mortgage | Acquisition Facility | Acquisition Facility | Prime Rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument basis spread on variable rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
2.00%
|
|
|
|
|
|
|
|
|
|
Manassas Mortgage | SOFR |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument basis spread on variable rate |
|
|
|
|
|
|
3.55%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Manassas Mortgage | Mortgage loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument principal amount |
|
|
|
|
|
|
$ 20,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
8.25%
|
|
|
|
|
|
|
|
|
|
Floor rate |
|
|
|
|
|
|
8.25%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Promissory notes payable to Sammartino | Unsecured Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term debt, maturity, 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 16,500,000
|
|
|
|
|
|
|
|
|
|
Long-term debt, maturity, 2026 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 5,000,000
|
|
|
|
|
|
|
|
|
|