Jushi Hldgs Inc Cl B (JUSHF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

And, you know, I don't know because it's still early in the quarter and, you know, the data we get is lagging. But we do know that yields have gone up and processing is stabilizing. We had multiple issues, you know, related to previous management at a granular level and then above that level, like, you know, not performing, which caused us to get out of whack in the number of units we were producing per quarter. And when you produce just units, each cost per unit is higher. So that came onto our balance sheet at the end of the year and then worked its way off in the first quarter. And so this has been an ongoing issue that we flagged, I think, on our fourth quarter conference call saying that it happened in the third quarter. We think we're on the tail end of fixing it. The two big culprits have been Massachusetts and Pennsylvania. The others are fine. And Massachusetts is, you know, pretty much fixed during this quarter. And Pennsylvania is at good levels and getting better and better and probably has some more work to do in the third quarter as well. Okay. I appreciate it. Thank you very much. Yep. And our next question comes from Frederico Gomes with ATB Capital Markets. Please proceed. Hi. Thanks for doing my questions. First question, you mentioned the continued competition and price compression impacting retail sales across the footprint. So just curious, what sort of pressure are you seeing specifically in Ohio and how – you know, your new stores in the state are performing so far compared to your expectations? Thanks. Yeah, thank you. I would say new stores are meeting expectations. But remember, you know, we're operators and we know, you know, we have different expectations maybe than the market because when you open a store, it doesn't have an immediate sor...