Jushi Holdings Inc (CNSX:JUSH, OTCMKTS:JUSHF) has been a stealth U.S. pot stock, rising 411% year-over-year. Despite the massive gains, JUSHF stock continues to take a back seat to other U.S. multistate marijuana operators.
Eventually though, Wall Street will likely wake up to the company’s near- and long-term growth potential and send Jushi stock significantly higher in 2021 and beyond.
Back in November, I noted that, thanks to Jushi Holdings Inc’s record financial results and growing U.S. footprint, JUSHF stock could double in 2021. At the time, the stock was trading at $2.75. It has since advanced 158%, and is trading at record levels.
Strong gains indeed, but I think Jushi stock is just getting started. It could easily triple from its current level in the second half of 2021, which implies a share price of $21.33 or higher.
Chart courtesy of StockCharts.com
JUSHF Stock Overview
Jushi Holdings is a multistate owner and operator of cannabis cultivation, processing, and retail licenses. Its targeted footprint includes California, Nevada, Illinois, Ohio, Pennsylvania, and Virginia. (Source: “Investor Presentation: January 2021,” Jushi Holdings Inc, last accessed January 26, 2021.)
As of this writing, Jushi’s operations include 16 retail locations, under the “BEYOND / HELLO” brand. It also operates three cultivation facilities and four extraction and processing plants.
In the states where the company already has operations, Jushi Holdings Inc expects to open an additional 16 retail locations over the near term. It also has plans to enter new states.
The company’s own branded flower, vape, edible, and cannabidiol (CBD) products include “The Lab,” “Nira, ” “Nira+,” and “Tasteology.”
Jushi Opens 16th Dispensary
On January 26, Jushi Holdings opened its 16th dispensary nationally, and its fourth retail location in Illinois: “BEYOND / HELLO Bloomington.” (Source: “Jushi Holdings Inc. to Open