Jushi Holdings Inc. (OTC:JUSHF) has announced its financial results for the second quarter ended June 30, 2024, showcasing significant operational improvements and strategic developments.

The company reported a net loss of $1.9 million, a considerable improvement from a $14.0 million loss in Q2 2023.

"Our second quarter performance underscores our efforts to strengthen our asset base while maintaining prudent cost-saving measures, " stated Jim Cacioppo, CEO, chairman and founder of Jushi. "Our organization-wide operational improvement plan is yielding promising results, with gross margin reaching 50.4% and Adjusted EBITDA further improving to 22.4% of revenue for the quarter. These successes were driven by efficiencies achieved mainly at...