DEBT (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Components of Debt

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

	Effective Interest Rate	Contractual Maturity Date	As of December 31,
			2024		2023
Principal amounts:
Second Lien Notes	15%	December 2026	$	80,131	$	75,497
Term loans	26%	September 2026 (1)	48,500		—
Acquisition Facility	n/a	n/a	—		60,125
Acquisition-related promissory notes payable	8% - 12%	October 2025 - April 2027	22,289		35,716
Mortgage loans	6% - 11%	January 2027 - April 2028	29,054		29,456
Total debt subject to scheduled repayments			179,974		200,794
Promissory notes payable to Sammartino (2)	10%	September 2024 - September 2026	21,500		21,500
Jushi Europe debt	n/a	n/a	—		3,298
Total debt			201,474		225,592
Less: debt issuance costs and original issue discounts			(15,267)		(13,037)
Total debt, net			$	186,207	$	212,555
Debt, net - current portion			$	2,758	$	86,514
Debt, net - non-current portion			$	183,449	$	126,041

(1)Matures the earlier of (i) January 31, 2027 and (ii) the date that is 91 days prior to the final maturity of the Second Lien Notes.

(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 22 - Commitments and Contingencies.

Schedule of Future Contractual Debt Maturities

As of December 31, 2024, aggregate future contractual maturities of the Company’s debt are as follows:

	2025		2026		2027		2028		Total
Second Lien Notes	$	—	$	80,131	$	—	$	—	$	80,131
Acquisition-related promissory notes payable	175		—		22,114		—		22,289
Mortgage loans	669		665		9,411		18,309		29,054
Term loans	2,425		46,075		—		—		48,500
Total debt subject to scheduled repayments	$	3,269	$	126,871	$	31,525	$	18,309	$	179,974

Schedule of Interest Expense

Interest expense, net is comprised of the following:

	Year Ended December 31,
	2024		2023
Interest and accretion - Second Lien Notes	$	11,423	$	10,106
Interest and accretion - Term Loans	4,653		—
Interest and accretion - Finance lease liabilities	10,045		9,784
Interest and accretion - Acquisition Facility	4,844		9,466
Interest and accretion - Promissory notes	4,421		6,173
Interest and accretion - Mortgage loans and other financing activities	2,671		2,051
Capitalized interest	(75)		(523)
Total interest expense	37,982		37,057
Interest income	(557)		(91)
Total interest expense, net	$	37,425	$	36,966