Jushi Holdings Inc. Files First Quarter 2022 Restated Financial Statements – Tech420
BOCA RATON, Fla., Sept. 09, 2022 (GLOBE NEWSWIRE) — Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCQX: JUSHF), a vertically integrated multi-state cannabis operator, today filed with the Canadian Securities Regulatory Authority restated unaudited condensed interim consolidated financial statements for the three months ended March 31, 2022 (the “Financial Statements Q1 2022 Intermediate”). The Q1 2022 restated interim financial statements are available through the Company’s public filings on the System for Electronic Document Retrieval and Analysis (“SEDAR”).
The interim financial statements for the first quarter of 2022, which have been prepared in accordance with generally accepted accounting principles in the United States, have been filed on SEDAR to replace the financial statements previously filed under IFRS by the Company on June 24, 2022. The Company has restated on (i) Right-of-use assets – finance leases and accrued liabilities and other current liabilities in the unaudited condensed interim consolidated balance sheet and (ii) cash flows from operating activities, d investment and financing in the unaudited condensed interim consolidated statements of cash flows. These errors had no impact on the cash balance as of March 31, 2022 and there was no net change in cash flow during the three months ended on this date.
About Jushi Holdings Inc.
We are a vertically integrated cannabis company led by an industry-leading management team. In the United States, Jushi is focused on building a multi-state portfolio of branded cannabis assets through opportunistic acquisitions, distressed training and competitive applications. Jushi strives to maximize shareholder value while delivering high quality products at all levels of the cannabis ecosystem. For more information, visit jushico.com or our social media channels, Instagram, Facebook, Twitter and LinkedIn.
Forward-looking information and statements
This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities laws and statements that may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933. , as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, contained in this press release, including statements regarding our strategy, future operations, planned expansion of our retail business and production capacity, planned expansion of our cultivation facilities, our future financial condition, projected costs, outlook, management’s plans and objectives, including, without limitation, the significance or significance and effects of errors in the financial statements for the current or prior period, and any future decisions of the Company, the Audit Committee or the management of the Company with respect thereto, are forward-looking statements. These forward-looking statements are based on Jushi’s current expectations and beliefs regarding future developments and their potential effects. Accordingly, actual results could differ materially from those expressed by such forward-looking statements and such statements should not be relied upon. Generally, such forward-looking information or statements can be identified by the use of forward-looking terms such as “plans”, “expects” or “does not expect”, “is expected”, “budget” , ” intended “. “, “estimates”, “plans”, “intends”, “anticipates” or “does not anticipate” or “believes”, or variations of these words and expressions or may contain statements that certain actions , events or results “may”, “could”, “could”, “could” or “will”, “will”, “will”, “will” or “will be achieved”. Forward-looking information and forward-looking statements contained herein may include, but are not limited to, information regarding expectations regarding Jushi, or Jushi’s ability to successfully achieve business objectives, and expectations for other aspects economic, commercial and/or competitive. The factors. Many factors could cause actual future events to differ materially from the forward-looking statements contained in this press release, including risks relating to Jushi’s ability to successfully and/or timely achieve its business objectives, including with regulators, employees, suppliers, customers and competitors; changes in general economic, business and political conditions, including changes in financial markets; changes in applicable laws; compliance with extensive government regulations, the risk that additional information or other subsequent events may arise that would require us to make additional adjustments, and other risks, uncertainties and other caveats in public filings by the Company with applicable securities regulatory authorities on the SEC website at www.sec.gov and on SEDAR at www.sedar.com. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying any forward-looking information or statements prove incorrect, actual results may differ materially from those described herein as anticipated, planned, anticipated, believed, estimated or expected. .
Although the Company believes that the assumptions and factors used in the preparation of, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurances or warranties can be assured that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements contained or referred to herein. , except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this notice.
For more information, please contact:
Contact with Investor Relations:
Executive Vice President of Investor Relations
Source: Jushi Holdings Inc.
Released September 9, 2022