Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 32,880 $ 26,027
Restricted cash - current 0 3,128
Accounts receivable, net 2,227 3,380
Inventory, net 39,446 33,586
Prepaid expenses and other current assets 14,229 15,514
Total current assets 88,782 81,635
NON-CURRENT ASSETS:    
Property, plant and equipment, net 149,305 159,268
Right-of-use assets - finance leases 61,091 63,107
Other intangible assets, net 94,019 95,967
Goodwill 30,910 30,910
Other non-current assets 28,977 30,358
Restricted cash - non-current 2,150 2,150
Total non-current assets 366,452 381,760
Total assets 455,234 463,395
CURRENT LIABILITIES:    
Accounts payable 16,035 15,383
Accrued expenses and other current liabilities 35,883 44,070
Income tax payable 814 5,190
Debt, net - current portion (including related party principal amounts of $0 and $3,298 as of June 30, 2024 and December 31, 2023, respectively) 9,954 86,514
Finance lease obligations - current 8,958 8,885
Derivative liabilities - current 2,082 2,418
Total current liabilities 73,726 162,460
NON-CURRENT LIABILITIES:    
Debt, net - non-current (including related party principal amounts of $19,360 and $19,788 as of June 30, 2024 and December 31, 2023, respectively) 192,481 126,041
Finance lease obligations - non-current 52,145 52,839
Derivative liabilities - non-current 344 220
Unrecognized tax benefits 127,139 100,343
Other liabilities - non-current 33,183 29,111
Total non-current liabilities 405,292 308,554
Total liabilities 479,018 471,014
COMMITMENTS AND CONTINGENCIES (Note 16)
EQUITY (DEFICIT):    
Common stock, no par value: authorized shares - unlimited; issued and outstanding shares - 196,643,264 and 196,631,598 Subordinate Voting Shares as of June 30, 2024 and December 31, 2023, respectively 0 0
Paid-in capital 506,353 503,612
Accumulated deficit (530,137) (509,844)
Total Jushi shareholders' deficit (23,784) (6,232)
Non-controlling interests 0 (1,387)
Total deficit (23,784) (7,619)
Total liabilities and equity (deficit) $ 455,234 $ 463,395