Description of Jushi Holdings's Business Segments

The registrant operates multiple state-level segments involved in the cultivation, processing, distribution, and sale of cannabis in the U.S., which are aggregated into a single reportable segment due to similar economic performance and qualitative characteristics. All revenues and substantially all long-lived assets are located within the U.S. The Chief Executive Officer serves as the chief operating decision maker, evaluating performance based on consolidated net income (loss) and allocating resources accordingly. Segment assets, revenue, and expenses are reported as total consolidated amounts in the financial statements. Revenue is recognized in accordance with ASC 606, with a single performance obligation for the sale of medicinal and adult-use cannabis and derivative products, recognized at the point when control transfers to the customer, typically upon delivery and acceptance. Discounts are margin-driven and not treated as variable consideration. Taxes collected for remittance are excluded from revenue. The company also operates a loyalty reward program at certain retail locations, allocating a portion of revenue to loyalty points and recording a reduction in revenue and a corresponding liability based on estimated point obligations.

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Composition of Jushi Holdings Inc. Revenues by Segments


Retail	180.25 %	of total Revenue
Wholesale	27.08 %	of total Revenue

Q1 three months ended (Mar 31 2026)
Revenues by Business Segments	Revenues (in millions $)	% (of total Revenues)
Retail	119.74	180.25 %
Wholesale	17.99	27.08 %
Total	66.43	100 %

Q1 three months ended (Mar 31 2026)
Revenue Growth rates by Segment	Y/Y Revenue %	Q/Q Revenue %
Retail	-	-
Wholesale	-	-
Total	-	-

Q1 three months ended (Mar 31 2026)
Income by Business Segments	Income (in millions $)	% (Profit Margin)
Total	-19.85	-

Q1 three months ended (Mar 31 2026)
Income Growth rates by Segment	Y/Y Income %	Q/Q Income %
Total	-	-

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