Cannabis Pick or Pass? Jushi Holdings Stock Analysis – Money and Markets

Chris messaged me on YouTube:

Would still love to hear about JUSHF and BFF. Thank you. — Chris

Thank you for the message, Chris! I’m more than happy to address your question.

Jushi Holdings Stock Analysis

I reviewed Jushi Holdings Inc. (OTC: JUSHF) some time ago, but now is a good opportunity to revisit this popular company.

It’s based in Boca Raton, Florida and focuses on cultivating and distributing both medical and adult-use cannabis in:

Pennsylvania — where it has 11 medical dispensaries. Virginia — where it has one dispensary. Illinois — where it has four adult-use cannabis dispensaries. California — where it operates two adult-use dispensaries. As well as Ohio, Nevada and Massachusetts.

Its retail locations are branded under Beyond/Hello, and it also offers hemp-based CBD products like supplements, tinctures, soft gels and lotions under several brand names like:

The Bank. The Lab. Nira+ Medicinals. Seche. Tasteology.

If you focus on the sales data for Jushi, things look pretty good.

The company has steadily increased its total quarterly sales in each of the last seven quarters.

In the third quarter of 2019, Jushi reported sales of just $4 million. That jumped to $42 million by the first quarter of 2021.

That’s a 950% increase in total quarterly sales in just a year and a half — which is impressive.

But here’s where it gets a little concerning for me.

While its quarterly sales have gone up, Jushi’s quarterly earnings per share have stayed in the red.

In fact, the company experienced its worst quarterly EPS in the fourth quarter of 2020 with a minus-$1.35 per share.

It improved to minus-$0.18 per share in the first quarter of 2021, but it still speaks to the overall profitability of the company.

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