Jushi Holdings Inc Reports Strong Financials & Raft of Acquisitions
Jushi Holdings Inc (CNSX:JUSH, OTCMKTS:JUSHF) is an excellent cannabis operator that hasn’t garnered the same kind of attention its peers have. But that will likely change over the coming quarters.
The company continues to report strong financial results, open new dispensaries, expand its footprint, and increase its growing facilities. You can’t ask for much more than that.
This, along with growing optimism about federal U.S. marijuana legalization, has helped juice JUSHF stock over the last year. Jushi stock is up 613% year-over-year and it has already advanced 27% in 2021.
Like the broader stock market, JUSHF stock took a breather in February and March, but it has been bouncing back. It still needs to climb an additional 23% to get back to its all-time high of $9.06 per share in February.
Wall Street seems pretty optimistic that will happen. Of the analysts offering a 12-month share-price forecast for Jushi Holdings Inc, their median estimate is $10.00, which represents a 36% gain from the current level. Their 12-month high estimate for Jushi stock is $11.28, which suggests an additional 53% upside.
Keep in mind, Wall Street analysts are notoriously conservative in their forecasts. If history is any indicator, it certainly wouldn’t be a surprise to see the price of JUSHF stock double over the coming quarters.
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, Massachusetts, and Virginia. (Source: “Investor Presentation,” Jushi Holdings Inc, last accessed May 4, 2021.)
Its core markets are Virginia, Pennsylvania, Illinois, and Massachusetts. Its developing markets are Ohio, Nevada, and California.
As of this writing, Jushi runs 17 retail locations under the “BEYOND