Jushi (OTCMKTS:JUSHF) Downgraded by ATB Cormark Capital Markets to Moderate Buy

ATB Cormark Capital Markets downgraded shares of Jushi (OTCMKTS:JUSHFFree Report) from a strong-buy rating to a moderate buy rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

Jushi Stock Up 2.7%

Shares of JUSHF stock opened at $0.52 on Wednesday. The firm has a market cap of $102.16 million, a P/E ratio of -1.48 and a beta of -0.91. The company has a 50 day moving average of $0.51 and a 200-day moving average of $0.58. Jushi has a 12-month low of $0.23 and a 12-month high of $0.98.

Jushi (OTCMKTS:JUSHFGet Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.02). The company had revenue of $68.34 million during the quarter, compared to analyst estimates of $67.50 million. As a group, equities analysts expect that Jushi will post -0.23 EPS for the current year.

About Jushi

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Jushi Holdings Inc is a vertically integrated cannabis company engaged in the cultivation, manufacturing and sale of cannabis products across the United States. The company operates cultivation and processing facilities that support a diversified portfolio of consumer brands, serving both medical and adult-use markets. Through its in-house operations, Jushi produces hand-trimmed flower, pre-rolls, vaporizers, concentrates, edibles and topicals.

Jushi’s brand lineup includes Foray, Levia and Beboe, each designed to address distinct consumer preferences and consumption occasions.

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