Jushi Holdings

What Jushi Holdings does

Jushi Holdings Inc. is a vertically integrated multi-state cannabis operator that develops, operates, and retails cannabis products across the United States. Founded in January 2018 and headquartered in Boca Raton, Florida, the company went public in June 2019 through a reverse takeover on the Canadian Securities Exchange (CSE: JUSH) and trades on the OTCQX (JUSHF). As of Q1 2026, Jushi operates 42 retail dispensaries across eight U.S. states (Pennsylvania, Virginia, Massachusetts, Nevada, Illinois, Ohio, California, and New Jersey), with full vertical integration (cultivation, processing, manufacturing, and retail) in four states: Pennsylvania, Virginia, Massachusetts, and Nevada.

The company's core operations span three integrated revenue streams: direct-to-consumer retail dispensary sales under the Beyond Hello brand, wholesale distribution to third-party dispensaries, and proprietary branded products including Hijinks (lifestyle), The Lab (concentrates and live resin), Seche, Nature's Remedy, NuLeaf, Van Golden, Flower Foundry, 1infused, and the recently launched Shayo (cannabis-infused wellness). Jushi's retail model is positioned as agile and data-driven, combining online reservations (beyond-hello.com) with in-store experiences, while branded products are distributed both through company-owned dispensaries and third-party wholesale channels. The company is led by founder, CEO, and Chairman James Cacioppo, who holds approximately 21.86% beneficial ownership.

Jushi generates revenue primarily through cannabis product sales with no publicly disclosed pricing model, though transaction-based revenue per dispensary visit is the dominant unit economics. The company has grown primarily through acquisitions including Nature's Remedy (Massachusetts, 2021), OhiGrow (Ohio, 2021), The Apothecarium (Nevada, 2022), and NuLeaf (Nevada, 2022). Capital structure has been built on multiple rounds of debt financing, most recently a $160 million senior secured term loan refinancing in March 2026 at 12.50% interest. In June 2026, shareholders approved redomiciling the corporate entity from British Columbia to Nevada to better align with U.S.-focused operations, and the company has applied for DEA registration under the new Schedule III framework. Q1 2026 net revenue was $66.4 million (4% YoY growth) with a 45% gross margin.

Name

Jushi Holdings

Legal name

Jushi Holdings Inc.

Website

https://jushico.com

Company type

Public

Founded year

2018

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Jushi Holdings is a vertically integrated multi-state cannabis operator that cultivates, manufactures, and sells cannabis through 42 retail dispensaries and wholesale channels across 8 U.S. states under the Beyond Hello brand and a portfolio of branded products.

Ownership category

akta.pro rank

Product category

Cannabis Products

NAICS

Tobacco, Electronic Cigarette, and Other Smoking Supplies Retailers (459991), Beer, Wine, and Liquor Retailers (44532)

SIC

Tobacco Products (2100), Wholesale-Beer, Wine & Distilled Alcoholic Beverages (5180)

akta.pro primary industry

Hemp-Derived Delta-8/Delta-9/THC-A Specialty Retail (Where Legal) (CRANAHAD)

akta.pro secondary industry

Vape & Cartridge Accessories (Batteries, Chargers, Pods) (CRANAHAH)

Keywords

• Multi-state cannabis operator
• Cannabis retail dispensaries
• Cannabis cultivation manufacturing
• Branded cannabis products
• Vertical cannabis integration

Headquarters

HQ city

Boca Raton

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Others, Infrastructure, Marketing or Sales

Revenue model

1. Retail Dispensary Sales: Revenue from company-owned and operated retail dispensaries selling cannabis products directly to consumers under the Beyond Hello brand
2. Wholesale Distribution: Revenue from wholesale distribution of cannabis products to other dispensaries and retailers, including branded products
3. Branded Products: Revenue from proprietary branded products including Hijinks, The Lab, Seche, NuLeaf, Nature's Remedy, and Shayo sold through retail and wholesale channels

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Jushi Holdings Inc. is a vertically integrated multi-state cannabis operator that cultivates, processes, manufactures, and retails cannabis products. The company operates 42 dispensaries across 8 U.S. states under the Beyond Hello retail brand and sells proprietary branded products including Hijinks, The Lab, Seche, NuLeaf, Nature's Remedy, and Shayo to both consumers and wholesale accounts.

Product overview

Jushi Holdings Inc. is a vertically integrated multi-state cannabis company operating across the U.S. The company runs high-end retail dispensaries under the Beyond Hello brand, complemented by acquired retail brands (Nature's Remedy, NuLeaf). Its product portfolio spans multiple branded cannabis products including Hijinks, Seche, The Lab, 1infused, Van Golden, Flower Foundry, and the wellness brand Shayo. Operations encompass cultivation, processing, manufacturing, and retail across eight states, with a focus on both medical and adult-use markets.

Differentiator

Problem solved

Functional benefit

Brands

• Beyond Hello: Retail dispensary brand operating cannabis stores across multiple states
• Nature's Remedy
• NuLeaf/NuLeaf NV
• Hijinks
• Van Golden
• Seche
• The Lab
• Flower Foundry
• 1infused
• Shayo

Products and services

• Beyond Hello Primary retail dispensary brand operating cannabis stores across multiple U.S. states, offering both medical and adult-use cannabis products through an agile, data-driven retail model that integrates online and in-store experiences.
• Nature's Remedy Massachusetts-based vertically integrated cannabis operator acquired by Jushi, operating retail dispensaries under the Nature's Remedy brand.
• NuLeaf Nevada-based cannabis operator acquired by Jushi, operating adult-use and medical retail dispensaries in Las Vegas and Lake Tahoe, along with cultivation and processing facilities.
• Hijinks Cannabis brand celebrating individual experiences and journeys, offering diverse products for both medical and recreational consumers.
• The Lab Award-winning brand known for high-quality, precision vape products and concentrates, including hydrocarbon-extracted live resin and solventless live rosin extracts.
• Seche Cannabis product brand part of Jushi's portfolio of consumer brands.
• 1infused Cannabis brand offering products across the company's retail network.
• Van Golden Cannabis brand part of Jushi's diverse product portfolio.
• Flower Foundry Cannabis brand offering premium flower products.
• Shayo Cannabis-infused wellness brand featuring vegan, gluten-free fruit chews with specific cannabinoid profiles, available at Nevada dispensaries.

Named customers2 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Macias Gini & O'Connell LLPcoreOthers · 24 June 2024Independent auditor ratified by shareholders with 98.5% approval at the 2026 Annual General and Special Shareholders' Meeting

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Curaleaf Holdings: Largest U.S. multi-state cannabis operator with cultivation, processing, and ~150+ dispensaries nationwide. Direct competitor across multiple state markets including Pennsylvania and Massachusetts where Jushi also operates.
• Trulieve Cannabis: Vertically integrated cannabis MSO and leading retail operator with major presence in Florida and other states. Competes with Jushi in the dispensary segment and shares a vertically integrated operating model.
• Green Thumb Industries: Multi-state cannabis operator with retail (RISE dispensaries), cultivation, and branded products (Beboe, Dogwalkers, &Shine). Operates in several of the same states as Jushi including Illinois and Massachusetts.
• Cresco Labs: Vertically integrated cannabis MSO with Sunnyside dispensaries and brand portfolio including High Supply and Wonder. Competes with Jushi across multiple state markets and pursues a similar cultivation-to-retail strategy.
• Acreage Holdings: Multi-state cannabis operator with vertically integrated operations in the Northeast and Midwest. Competes with Jushi in Pennsylvania and other Eastern U.S. markets.
• Ascend Wellness Holdings: Vertically integrated cannabis MSO with operations in Illinois, Michigan, Massachusetts, New Jersey, and Ohio. Directly competes with Jushi in multiple state markets.
• Ayr Wellness: Vertically integrated cannabis MSO operating in Florida, Pennsylvania, Massachusetts, Nevada, and New Jersey. Overlaps with Jushi in multiple states and shares a similar retail/cultivation strategy.
• iAnthus Capital Holdings: Multi-state cannabis operator with cultivation, processing, and dispensary operations across the U.S. A direct peer to Jushi in vertically integrated multi-state cannabis operations.

Regional players

• Planet 13 Holdings: Cannabis operator focused primarily on the Nevada market with a flagship Las Vegas SuperStore dispensary. Direct competitor to Jushi's Nevada operations including The Apothecarium and NuLeaf stores.

Emerging players

• MariMed: Multi-state cannabis operator with retail, cultivation, and branded products (Nature's Heritage, Betty's Eddies, Bubby's Baked). Smaller MSO peer with overlapping business model to Jushi's branded-product strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/wearejushi
• Facebookfacebook.com/wearejushi
• LinkedInlinkedin.com/company/jushi-inc
• Instagraminstagram.com/wearejushi

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries6 records

Funding overview

Funding rounds15 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A9 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jushi Holdings