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Jushi Holdings ( (TSE:JUSH) ) has issued an announcement.
Jushi Holdings Inc. has announced favorable modifications to its existing mortgage in Manassas, Virginia, securing an additional $4,000,000 in loan proceeds and extending the maturity date to September 18, 2030. This capital infusion, along with a lowered interest rate floor, strengthens Jushi’s balance sheet, supporting its growth initiatives and enhancing its market position in the cannabis industry.
The most recent analyst rating on (TSE:JUSH) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Jushi Holdings stock, see the TSE:JUSH Stock Forecast page.
Spark’s Take on TSE:JUSH Stock
According to Spark, TipRanks’ AI Analyst, TSE:JUSH is a Neutral.
Jushi Holdings’ overall stock score is primarily impacted by its weak financial performance, characterized by high leverage and negative profitability. While technical analysis shows some positive trends, the valuation remains unattractive due to ongoing losses. The earnings call provided some optimism with revenue growth and operational improvements, but regulatory uncertainties and cash flow challenges continue to pose significant risks.
To see Spark’s full report on TSE:JUSH stock, click here.
More about Jushi Holdings
Jushi Holdings Inc. is a vertically integrated cannabis company focused on building a multi-state portfolio of branded cannabis assets. The company aims to maximize shareholder value by delivering high-quality products across the cannabis ecosystem through acquisitions, distressed workouts, and competitive applications.
Average Trading Volume: 133,150
Technical Sentiment Signal: Buy
Current Market Cap: C$182.9M
See more insights into JUSH stock on TipRanks’ Stock Analysis page.