Frederico Gomez's questions to Jushi Holdings (JUSHF) leadership • Q2 2023
Question
Frederico Gomez of ATB Capital Markets requested more detail on the non-cash flow generating assets being sold for $5-$10 million and asked about the state of price compression in the Pennsylvania market.
Answer
Chairman and CEO Jim Cacioppo clarified the $5-$10 million in potential proceeds includes a small mortgage and comes from selling a mix of assets like closed retail locations, excess grower processor real estate, and undeveloped land. Regarding Pennsylvania, he described price compression as being "on the edges" rather than systemic, noting that the industry is acting with discipline by holding back production capacity in anticipation of adult-use legalization.