DEBT (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Schedule of Components of Debt

The components of the Company’s debt are as follows:

	Effective Interest Rate	Maturity Date	June 30, 2024 (unaudited)		December 31, 2023
Principal amounts:
Second Lien Notes	15%	December 2026	$	79,649	$	75,497
Acquisition Facility (1)	15%	December 2024	55,250		60,125
Acquisition-related promissory notes payable	8% - 16%	August 2024 - April 2027	25,864		35,716
Mortgage loans	6% - 11%	January 2027 - April 2028	29,318		29,456
Total debt subject to scheduled repayments			190,081		200,794
Promissory notes payable to Sammartino (2)	10%	September 2024 - September 2026	21,500		21,500
Jushi Europe debt	n/a	March 2022	—		3,298
Total debt			211,581		225,592
Less: debt issuance costs and original issue discounts			(9,146)		(13,037)
Total debt, net			$	202,435	$	212,555
Debt, net - current portion			$	9,954	$	86,514
Debt, net - non-current portion			$	192,481	$	126,041

(1)In July 2024, the Company refinanced the Acquisition Facility. Refer to Note 19 - Subsequent Events for more information.

(2)This amount is related to the promissory notes issued to Sammartino in connection with the acquisition of Nature's Remedy in September 2021. The Company currently has no obligation to pay the principal and interest. See further discussion of the Sammartino Matter in Note 16 - Commitments and Contingencies for more information.

Schedule of Future Contractual Debt Maturities

As of June 30, 2024, aggregate future scheduled repayments of the Company’s debt were as follows:

	Remainder of the year		2025		2026		2027		2028		Total
Second Lien Notes	$	—	$	—	$	79,649	$	—	$	—	$	79,649
Acquisition Facility	6,750		2,425		46,075		—		—		55,250
Acquisition-related promissory notes payable	3,750		—		—		22,114		—		25,864
Mortgage loans	318		647		658		9,440		18,255		29,318
Total debt subject to scheduled repayments	$	10,818	$	3,072	$	126,382	$	31,554	$	18,255	$	190,081

Schedule of Interest Expense

Interest expense, net is comprised of the following:

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Interest expense
Interest and accretion - Second Lien Notes	$	2,927	$	2,584	$	5,675	$	4,928
Interest and accretion - Finance lease liabilities	2,404		2,598		5,072		4,947
Interest and accretion - Promissory notes	1,282		1,542		2,656		3,078
Interest and accretion - Acquisition Facility	2,035		2,671		4,187		4,967
Interest and accretion - Mortgage loans and other financing activities	670		625		1,376		810
Capitalized interest	—		(222)		—		(410)
Total interest expense	9,318		9,798		18,966		18,320
Interest income	(247)		(8)		(351)		(10)
Total interest expense, net	$	9,071	$	9,790	$	18,615	$	18,310