Quarterly report pursuant to Section 13 or 15(d)

EARNINGS (LOSS) PER SHARE

v3.23.3
EARNINGS (LOSS) PER SHARE
9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER SHARE
 13. EARNINGS (LOSS) PER SHARE
The reconciliations of the net loss and the weighted average number of shares used in the computations of basic and diluted loss per share attributable to Jushi shareholders are as follows:
Three Months Ended September 30, Nine Months Ended September 30,
2023 2022 2023 2022
Numerator:
Net loss and comprehensive loss attributable to Jushi shareholders
$ (20,622) $ (54,696) $ (47,098) $ (62,387)
Dilutive effect of net income from derivative warrants liability —  (6,396) —  (63,277)
Less undistributed net income for participating securities
—  455  —  532 
Net loss and comprehensive loss attributable to Jushi shareholders - diluted
$ (20,622) $ (60,637) $ (47,098) $ (125,132)
Denominator:
Weighted-average shares of common stock - basic 195,128,096  192,880,468  194,649,053  189,119,282 
Dilutive effect of derivative warrants —  10,289,463  —  16,576,308 
Weighted-average shares of common stock - diluted 195,128,096  203,169,931  194,649,053  205,695,590 
Loss per common share attributable to Jushi shareholders:
Basic $ (0.11) $ (0.28) $ (0.24) $ (0.33)
Diluted $ (0.11) $ (0.30) $ (0.24) $ (0.61)
The following table summarizes weighted average instruments that may, in the future, have a dilutive effect on loss per share, but were excluded from consideration in the computation of diluted net loss per share for the three and nine months ended September 30, 2023 and 2022, because the impact of including them would have been anti-dilutive:
Three Months Ended September 30, Nine Months Ended September 30,
2023 2022 2023 2022
Stock options 29,664,683  26,072,710  29,185,375  22,435,919 
Warrants (derivative liabilities and equity) 86,241,092  29,405,890  86,110,330  29,442,149 
Unvested restricted stock awards 4,177  1,148,935  496,567  1,785,619 
Convertible promissory notes —  910,000  —  910,000 
115,909,952  57,537,535  115,792,272  54,573,687