Jushi Holdings Inc: U.S. Pot Stock Looks Compelling After 51% drop – Profit Confidential

Jushi Stock Could Be Set to Rise Again

If you only judged Jushi Holdings Inc (CNSX:JUSH, OTCMKTS:JUSHF) by its share price, you’d be forgiven for thinking this U.S. multistate cannabis company has been having a tough time in 2021.

As of this writing, JUSHF stock is down by:

25% over the last three months40% over the last six months25% year-to-date51% since hitting February highs

Pretty dire. The only saving grace for investors is that Jushi stock is up by 103% year-over-year.

Despite that, Jushi Holdings Inc has been having a pretty good year. It has reported great financial results, and management is upbeat about fiscal 2021 and 2022.

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The retraction in share price makes JUSHF stock look intriguing.

Of the Wall Street analysts following Jushi Holdings Inc, their average 12-month share-price forecast is $8.36, with a high estimate of $11.10. That points to additional upside potential of 85% and 154%, respectively.

Chart courtesy of StockCharts.com

JUSHF Stock Overview

Jushi Holdings Inc 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: August 2021,” Jushi Holdings, Inc., last accessed September 7, 2021.)

Right now, its core markets are Virginia, Pennsylvania, Illinois, and Massachusetts. Its developing markets are Ohio, Nevada, and California.

Jushi Holdings Inc currently operates 21 dispensaries under the “BEYOND/HELLO” brand and plans to open an additional 14. It also operates five cultivation facilities and five extraction and processing facilities.

The company’s award-winning brand portfolio includes “The Bank” (marijuana flower), “The Lab” (vape products), “Tasteology” (edibles), “Sèche” (fine grind and fine flower), “Nira Medicinals” (cannabidiol [CBD] products), and “Nira” (physician-formulated CBD products).

New Dispensary License in Illinois

On August 23, Jushi Holdings announced that its partner, Northern Cardinal Ventures, LLC,

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