EARNINGS (LOSS) PER SHARE (Tables)

9 Months Ended

Sep. 30, 2023

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Numerator:
Net loss and comprehensive loss attributable to Jushi shareholders	$	(20,622)	$	(54,696)	$	(47,098)	$	(62,387)
Dilutive effect of net income from derivative warrants liability	—		(6,396)		—		(63,277)
Less undistributed net income for participating securities	—		455		—		532
Net loss and comprehensive loss attributable to Jushi shareholders - diluted	$	(20,622)	$	(60,637)	$	(47,098)	$	(125,132)

Denominator:
Weighted-average shares of common stock - basic	195,128,096		192,880,468		194,649,053		189,119,282
Dilutive effect of derivative warrants	—		10,289,463		—		16,576,308
Weighted-average shares of common stock - diluted	195,128,096		203,169,931		194,649,053		205,695,590

Loss per common share attributable to Jushi shareholders:
Basic	$	(0.11)	$	(0.28)	$	(0.24)	$	(0.33)
Diluted	$	(0.11)	$	(0.30)	$	(0.24)	$	(0.61)

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 loss per share, but were excluded from consideration in the computation of diluted net loss per share for the three and nine months ended September 30, 2023 and 2022, because the impact of including them would have been anti-dilutive:


	Three Months Ended September 30,		Nine Months Ended September 30,
	2023	2022	2023	2022
Stock options	29,664,683	26,072,710	29,185,375	22,435,919
Warrants (derivative liabilities and equity)	86,241,092	29,405,890	86,110,330	29,442,149
Unvested restricted stock awards	4,177	1,148,935	496,567	1,785,619
Convertible promissory notes	—	910,000	—	910,000
	115,909,952	57,537,535	115,792,272	54,573,687