Jushi Holdings Inc Class B · CSE:JUSH
Jushi Holdings Inc Class B — Investor Presentation (May 2023)
24 slides from Jushi Holdings Inc Class B's investor presentation, May 18, 2023
Slide 1: The Next Generation Cannabis Platform
The Next Generation Cannabis Platform EXHIBIT 99.1
Slide 2: Cautionary Statement Regarding Forward-Looking Statements
Cautionary Statement Regarding Forward-Looking Statements This presentation contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation as well as statements that may constitute "forward-looking statements" within the meaning of within the meaning
Slide 3: Primary Drivers for 2023
Primary Drivers for 2023 Grower-Processors Retail Balance Sheet M A RG I N G RO W T H , C O S T S AV I N G S & E F F I C I E N C Y O P T I M I Z AT I O N __ • Full production output • Increasing plant yields, turns, potency and improved genetics • Reducing costs • Increasing efficiencies • Augmentin
Slide 4: Jushi's Portfolio of Assets – May 2023
Operating Markets 7 Operating Vertical Markets 5 Jushi Employees***** ~1,198 Total PA VA MA NV OH IL CA 34 (of 38)(1) 16 (of 18)** 5 (of 6)(1) 2 4 1 4*** 2 (of 3)**** C U LT I VAT I O N & P RO C E S S I N G FAC I L I T I E S Total PA VA MA NV OH IL CA 5 Yes Yes Yes Yes Yes - - 330k sq. ft. 123k sq.
Slide 5: Pennsylvania Highlights
Flower Rooms 11 Sq. Ft. Facility ~123k Vertically Integrated with 16 (of18)* Medical Dispensaries (out of ~175(2); ~10% of market) Dispensaries 16 (of 18)* PA Population(3) ~13M Market Patients & Caregivers(4) (6.9% of Pop) 899k Market Active Patients(5) (3.3% of Pop) 425k Pennsylvania Highlights P
Slide 6: Virginia Highlights
Flower Rooms 6* Sq. Ft. Facility ~93k Dispensaries 5 (of 6)(1) VA State Population(6) ~8.7M HSA II Population(7) ~2.5M Virginia Highlights P R I M A RY M A R K E T D R I V E R S __ Scan to see more about Virginia on your phone. Total certified patients that have ordered from Jushi within HSA II(8):
Slide 7: MA & NV Highlights
Dispensaries 2 MA & NV Highlights S E C O N DA RY M A R K E T D R I V E R S __ Sq. Ft. Facility ~50k Flower Rooms 9 N E VA DAM A S S AC H U S E T T S Vertically Integrated with 2 Dispensaries Vertically Integrated with 4 Dispensaries Dispensaries 4 Sq. Ft. Facility ~47k Flower Rooms 12
Slide 8: OH, IL & CA Highlights
OH, IL & CA Highlights D E V E L O P I N G M A R K E T D R I V E R S __ I L L I N O I S Dispensaries 4 Plus, conditional license awarded in the Greater Peoria Region, IL to Jushi’s partner Northern Cardinal Ventures, LLC subject to regulatory approvals C A L I F O R N I A Dispensaries 1 O H I O Sq.
Slide 9: The Jushi Retail Experience
Jushi provides patients and customers with a frictionless retail experience. DigitalRetail Design Products Place your order online for express pickup, curbside or delivery and download our app for exclusive savings. Available in select markets. Our carefully designed and inviting cannabis experience
Slide 10: Next-Level Store Design
Next-Level Store Design L E A D I N G O M N I C H A N N E L E X P E R I E N C E __ 10 • Sleek Mid-Century Design • Ample Parking • Great Signage • Express Pickups Where Permitted • Built for Medical or Adult-use • Multiple Points of Sale • UX In-Store Design • Beyond TV
Slide 11: Jushi's E-Commerce Platform – Our Largest Store
Industry leading digital platform facilitating online ordering, dispensary discovery and customer engagement. Order Online (Q1 23) ~60% Menu Conversion Rate (Q1 23) ~19% Avg. Cart Size (Q1 23) ~$100 Jushi’s E-Commerce Platform – Our Largest Store L E A D I N G O M N I C H A N N E L E X P E R I E N C
Slide 12: Hello Club - Rewards App
The Hello Club app provides our valued customers with a rewards program, in-app shopping and weekly app-exclusive deals. It’s our most valuable retention tool. Downloads (As of 3/31/23) ~64k Additional Monthly Spend / App User (9) ~$60 Hello Club - Rewards App J U S H I ’ S L E A D I N G O M N I C H
Slide 13: Comprehensive Suite of Brands Across Portfolio
F LOW E R E D I B L E S & T O P I C A LVA P E & C O N C E N T R AT E S O L V E N T L E S S , L I V E R E S I N & C U R E D C A R T R I D G E S , D I S P O S A B L E S & C O N C E N T R A T E S I N F U S E D C H E W S & C H O C O L A T E S T I N C T U R E S & C A P S U L E S Scan to check out the bra
Slide 14: Primary Markets Regulatory Updates: Pennsylvania
Primary Markets Regulatory Updates Pennsylvania • Governor Shapiro is considered hands-on and looking to drive policy • On record as supporting an adult-use market (10) • Former Attorney General and is actively appointing both Republicans and Democrats to key positions in his administration • Member
Slide 15: Primary Markets Regulatory Updates: Virginia
Primary Markets Regulatory Updates Virginia • Continue to see positive progression for the Medical Cannabis Program • Patient Growth expected to continue in 2023 with medical clean-up bill • No new licenses for medical program • Transition from Board of Pharmacy to Cannabis Control Authority 1/1/24
Slide 16: Appendix
Appendix
Slide 17: Jushi Leadership Team
Jushi Leadership Team__ Jim Cacioppo CEO, Chairman & Founder Jon Barack President & Founder Michelle Mosier Chief Financial Officer Tobi Lebowitz Chief Legal Officer & Corporate Secretary Nichole Upshaw Chief People Officer 17
Slide 18: Q1 2023 - Strong Top Line and Expanding Margin Profile
Q1 2023 - Strong Top Line and Expanding Margin Profile__ 18 US$ Millions, prepared under U.S. GAAP $62.0 $69.9+13% Q1 2023Q1 2022 Revenue 36.7% 43% Gross Margin +1200 basis points Q1 2023Q1 2022 31% Scan to check out the latest financials now on your phone! Financials and Filings :: Jushi Holdings I
Slide 19: Capitalization Summary
Capitalization Summary__ (1) As of March 30, 2023, includes cash, cash equivalents, and restricted cash; (2) As of March 30, 2023, excluding leases and property, plant and equipment financing obligations; (3) Weighted Average Strike Price: $2.47; (4) Weighted Average Strike Price: $1.50 (Amounts in
Slide 20: Adjusted EBITDA Reconciliation
JUSHI HOLDINGS INC. RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED EBITDA (in thousands of U.S. dollars) Adjusted EBITDA Reconciliation__ 20 Scan to check out the latest financials on your phone! Financials and Filings :: Jushi Holdings Inc. (JUSH) (jushico.com) (1) Net loss includes amounts attrib
Slide 21: Reconciliation of Non-GAAP Financial Measures
JUSHI HOLDINGS INC. Reconciliation of Non-GAAP Financial Measures EBITDA and Adjusted EBITDA In addition to providing financial measurements based on GAAP, we provide additional financial metrics that are not prepared in accordance with GAAP. We use non-GAAP financial measures, in addition to GAAP f
Slide 22: No Offers / Third Party Information
NO OFFERS This presentation does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities of the Company in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities
Slide 23: Endnotes
Endnotes 2 3 • (1) Jushi plans to open one additional dispensary in Virginia subject to regulatory approvals. • (2) (Number of Pennsylvania dispensaries) https://www.health.pa.gov/topics/Documents/Programs/Medical%20Marijuana/Medical%20Marijuana%20Dispensaries%20in%20Pennsylvania%20with%20Product.pd
Slide 24: Thank You
Thank You Contact investors@jushico.com __