Jushi Holdings Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE

3 Months Ended

Mar. 31, 2023


11. EARNINGS (LOSS) PER SHARE

The reconciliations of the net income (loss) and the weighted average number of shares used in the computations of basic and diluted earnings (loss) per share attributable to Jushi shareholders are as follows:


	Three Months Ended March 31,
	2023		2022
Numerator:
Net loss and comprehensive loss attributable to Jushi shareholders	$	(12,440)	$	(19,757)
Dilutive effect of net income from derivative warrants liability	—		(14,309)
Net loss and comprehensive loss attributable to Jushi shareholders - diluted	$	(12,440)	$	(34,066)

Denominator:
Weighted-average shares of common stock - basic	194,050,835		183,226,027
Dilutive effect of derivative warrants	—		24,612,879
Weighted-average shares of common stock - diluted	194,050,835		207,838,906

Net loss per common share attributable to Jushi:
Basic	$	(0.06)	$	(0.11)
Diluted	$	(0.06)	$	(0.16)

The following table summarizes weighted average instruments that may, in the future, have a dilutive effect on earnings (loss) per share, but were excluded from consideration in the computation of diluted net loss per share for the three months ended March 31, 2023 and 2022, because the impact of including them would have been anti-dilutive:


	March 31,
	2023	2022
Stock options	28,615,308	20,615,601
Warrants (derivative liabilities and equity)	85,989,948	29,472,725
Unvested restricted stock awards	1,120,815	2,636,282
Convertible promissory notes	—	910,000
	115,726,071	53,634,608