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Jushi Holdings ( (TSE:JUSH) ) just unveiled an update.
Jushi Holdings Inc. announced favorable modifications to its existing secured commercial loan with FVCBank, including an additional $4,000,000 in loan proceeds, an extension of the maturity date to September 18, 2030, and a reduction in the interest rate floor. These changes are expected to bolster the company’s balance sheet, supporting growth initiatives and enhancing its competitive positioning within 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 through opportunistic acquisitions, distressed workouts, and competitive applications, delivering high-quality products across the cannabis ecosystem.
Average Trading Volume: 133,150
Technical Sentiment Signal: Buy
Current Market Cap: C$182.9M
Learn more about JUSH stock on TipRanks’ Stock Analysis page.