Jushi Holdings Reports $70.5 Million Third-Quarter Revenue as Wholesale Sets Record

Jushi Holdings reported third-quarter 2026 revenue of $70.5 million, up 7% year-over-year, with wholesale revenue rising 40% to $9.7 million. The company said on October 28, 2026, that it posted a net loss of $12.5 million and adjusted EBITDA of $13.6 million for the quarter ended September 30, 2026, according to GlobeNewswire.

Jushi's Wholesale Record and Retail Growth

Jushi Holdings is a vertically integrated, multi-state cannabis operator that cultivates, manufactures and sells cannabis through retail dispensaries and wholesale channels. The company said wholesale revenue of $9.7 million marked its second consecutive quarter of record wholesale sales, with increases in every state except Nevada, which stayed relatively flat. Massachusetts wholesale revenue rose $1.1 million and Pennsylvania $0.7 million, which the company attributed to broader distribution and higher production volumes.

Retail revenue increased 3.5% year-over-year to $60.8 million, led by Ohio and Virginia, and total units sold across retail rose 8.4%. Jushi-branded products accounted for 56% of retail revenue across its five vertical markets, the same share as in the third quarter of 2025. Gross profit was $32.3 million at a 45.9% margin, compared with $30.7 million at 46.7% a year earlier.

"Our third-quarter results reflect continued progress in strengthening our operating performance, with revenue increasing 7% year-over-year to $70.5 million, our second consecutive quarter above $70 million," said Jim Cacioppo, the company's Chairman and Chief Executive Officer.

Jushi's Balance Sheet and Store Count

According to akta.pro company records, Jushi operates 42 dispensaries across eight U.S. states and recorded $66.4 million in net revenue in the first quarter of 2026, a 4% year-over-year increase, at a 45% gross profit margin. The company ended the third quarter of 2026 with 42 dispensaries in eight states, compared with 41 in seven states a year earlier, and held $30.9 million in cash, cash equivalents and restricted cash. Total gross debt subject to scheduled repayments was $215.6 million, excluding leases and property, plant and equipment financing obligations.

Jushi's Nevada Move and Earlier Steps

Jushi completed its redomicile from British Columbia, Canada to Nevada, United States, effective July 30, 2026, after shareholder approval at a June 24, 2026 meeting and the required court approval, Stock Titan reported. The company said the continuance aligns its corporate structure with its existing operations and long-term strategy.

In September 2026, Cacioppo bought 2,019,798 shares of the company's common stock through an affiliated vehicle in open-market transactions totaling approximately $1 million between August 24 and September 1, 2026, Yahoo reported. Jushi also opened a relocated Beyond Hello medical marijuana dispensary in Belle Vernon, Pennsylvania, which began serving patients on July 31, 2026, Stock Titan reported.

Virginia Adult-Use Timing

Jushi said Virginia adult-use sales are scheduled to begin July 1, 2027, and that it is advancing cultivation and processing projects and exploring financing alternatives to support those investments. The company said Virginia achieved record retail and delivery revenue in the quarter, with all six dispensaries reporting year-over-year growth.