Jushi Sees 73% Revenue Spike In Q2

Cannabis and hemp company Jushi Holdings Inc. (CSE: JUSH) (OTCQB: JUSHF) has released its second-quarter results for 2020.

According to a Thursday update, its revenue rose by 73% over the period to $14.9 million.

The Boca Raton, Florida-based company — which recently closed a $37 million purchase of Vireo Health International Inc.‘s (CNSX: VREO) (OTCQX: VREOF) Pennsylvania-based subsidiary — reported gross profit of $7.5 million and gross margins of 50% during the quarter.

Jim Cacioppo, …

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