EARNINGS (LOSS) PER SHARE (Tables)

6 Months Ended

Jun. 30, 2023

The reconciliations of the net income (loss) and the weighted average number of shares used in the computations of basic and diluted earnings (loss) per share attributable to Jushi shareholders are as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Numerator:
Net income (loss) and comprehensive income (loss) attributable to Jushi shareholders	$	(14,036)	$	12,066	$	(26,476)	$	(7,691)
Dilutive effect of net income from derivative warrants liability	—		(42,572)		—		(56,881)
Less undistributed net income (loss) for participating securities	—		(197)		—		140
Net income (loss) and comprehensive income (loss) attributable to Jushi shareholders - diluted	$	(14,036)	$	(30,703)	$	(26,476)	$	(64,432)

Denominator:
Weighted-average shares of common stock - basic	194,756,391		190,870,572		194,405,562		187,147,856
Dilutive effect of derivative warrants	—		14,826,581		—		20,890,427
Weighted-average shares of common stock - diluted	194,756,391		205,697,153		194,405,562		208,038,283

Earnings (loss) per common share attributable to Jushi shareholders:
Basic	$	(0.07)	$	0.06	$	(0.14)	$	(0.04)
Diluted	$	(0.07)	$	(0.15)	$	(0.14)	$	(0.31)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table summarizes weighted average instruments that may, in the future, have a dilutive effect on earnings (loss) per share, but were excluded from consideration in the computation of diluted net income (loss) per share for the three and six months ended June 30, 2023 and 2022, because the impact of including them would have been anti-dilutive:


	Three Months Ended June 30,		Six Months Ended June 30,
	2023	2022	2023	2022
Stock options	29,248,553	20,604,848	28,941,749	20,654,797
Warrants (derivative liabilities and equity)	86,097,189	29,448,567	86,043,865	29,420,800
Unvested restricted stock awards	376,980	1,657,307	746,843	2,631,487
Convertible promissory notes	—	910,000	—	910,000
	115,722,722	52,620,722	115,732,457	53,617,084