04:22 PM EDT, 03/13/2024 (MT Newswires) -- Jushi Holdings Inc. ( JUSHF ) , a vertically integrated, multi-state cannabis operator, announced Wednesday its financial results for the fourth quarter full year ending Dec. 31, 2023.

The company reported maintaining a strong Gross Profit Margin of 40.2% in Q4 2023 and 43.1% for FY 2023; and a Net Loss of $18 Million in Q4 2023 compared to US$139.9 Million in Q4 2022.

The Improved Adjusted EBITDA and Adjusted EBITDA Margin went to US$11.3 million and 16.7% respectively in Q4 2023 and US$40.8 million and 15.1% respectively for FY 2023.

Total revenue for Q4 was US$67.8 million, with a gross profit of US$27.2 million, an increase of 24% year-over-year.

For FY 2023, the total revenue was US$269.4 million, with a gross profit of US$116.2 million - an increase of 21.7% year-over-year.

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