Jushi Holdings Inc. (OTC: JUSHF) has announced its financial results for the second quarter ended June 30, 2024, showcasing significant operational improvements and strategic developments. The company reported a net loss of $1.9 million, a considerable improvement from a $14.0 million loss in Q2 2023. “Our second quarter performance underscores our efforts to strengthen our asset base while maintaining prudent cost-saving measures, ” stated Jim Cacioppo, CEO, chairman and founder of Jushi. “Our organization-wide operational improvement plan is yielding promising results, with gross margin reaching 50.4% and Adjusted EBITDA further improving to 22.4% of revenue for the quarter. These successes were driven by efficiencies achieved mainly at our Virginia grower-processor facility.” Key Financial Indicators Net Loss:  Jushi's net loss decreased to $1.9 million from $14.0 million in the same quarter the previous year. Revenue: Total revenue stood at $64.6 million. Gross Profit and Margin: Gross profit reached $32.6 million with a gross margin of 50.4%. Adjusted EBITDA: Adjusted EBITDA was $14.5 million with a margin of 22.4%. Cash Position: Cash and ...