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November 17 , 2021 Jushi Jushi Holdings Inc. Reports Third Quarter 2021 Financial Results Third Quarter 2021 Revenue Increased 116.7 % to $ 54.0 million as Compared to the Third Quarter 2020 ; Net Income of $ 38.2 million , a $ 68.2 million Improvement as Compared to the Third Quarter 2020 ; Adjusted EBITDA ( 1 ) Increased 124.9 % to $ 6.4 million as Compared to the Third Quarter 2020 BOCA RATON , Fla . , Nov. 17 , 2021 ( GLOBE NEWSWIRE ) -- Jushi Holdings Inc. ( " Jushi " or the " Company " ) ( CSE : JUSH ) ( OTCQX : JUSHF ) , a vertically integrated , multi - state cannabis operator , announced its financial results for the third quarter 2021 ( " Q3 2021 " ) ended September 30 , 2021. All financial information is provided in U.S. dollars unless otherwise indicated . Third Quarter 2021 Highlights • Total revenue of $ 54.0 million , an increase of 13.1 % sequentially and 116.7 % year over - year • Gross profit of $ 24.5 million , an increase of 11.4 % sequentially and 99.6 % year - over year • Net income of $ 38.2 million , an increase of $ 33.5 million sequentially and $ 68.2 million year - over - year • Adjusted EBITDA ( 1 ) of $ 6.4 million , an increase of 38.5 % sequentially and 124.9 % year - over - year Third Quarter 2021 Operational Highlights • Expanded Nevada footprint with a definitive agreement to acquire The Apothecarium , ( 2 ) an operating adult - use and medical retail dispensary in Las Vegas , NV • Launched flower sales in Virginia , with the introduction of the flower brands , The Bank and Sèche • Completed the acquisition of Nature's Remedy of Massachusetts , Inc. ( " Nature's Remedy " ) , includes two operating retail dispensaries and a cultivation and manufacturing facility in Massachusetts ( " Lakeville Facility " ) • Opened the 21st and 22nd BEYOND / HELLOT retail locations nationwide with the Company's 14th and 15th store in Pennsylvania • Completed the acquisition of a licensed processor in Ohio and commenced operations at the processing facility