Multi-state cannabis and hemp operator&nbsp;Jushi Holdings Inc.&nbsp;JUSH JUSHF&nbsp;<a href="http://www.newcannabisventures.com/jushi-pre-announces-q3-revenue-at-24-million-and-boosts-outlook-for-2020-and-2021/">disclosed</a>&nbsp;Thursday preliminary financial results for the third quarter of this fiscal year, revealing revenue of $24 million.

That&#39;s a sequential growth of 61%.

The Boca Raton, Florida-based company also posted updated guidance for the last quarter of 2019, confirming the previously announced range of $25-30 million, and a positive adjusted EBITDA.

For the fiscal year 2021, Jushi expects its revenue would range between $205-255 million, and a positive adjusted EBITDA between $40 million and $50 million.

Jushi also noted it anticipates posting positive operating cash flow in 2021.

As of Aug. 31, the company had roughly $44 million of cash and $7.5 million in marketable securities, the press release revealed.

&quot;To complement our strong operating assets, we have also carefully curated a team of experienced executives with diverse backgrounds and industry experiences to lead Jushi as we continue to scale our operations and grow our market share,&quot; Jim Cacioppo, the company&#39;s chairman, co-founder, and CEO said.

&quot;Our projections do not include any significant changes in the regulatory environments,&quot; added Cacioppo.

Meantime, in August, Jushi&nbsp;<a href="http://www.benzinga.com/markets/cannabis/20/08/17052229/vireo-jushi-37m-deal-over-pennsylvania-facility-closes/">closed</a>&nbsp;the $37 million worth acquisition of&nbsp;Vireo Health International, Inc.&#39;s&nbsp;VREO VREOF Pennsylvania-based subsidiary.

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Multi-state cannabis and hemp operator&nbsp;Jushi Holdings Inc.&nbsp;(CSE: JUSH) (OTCQB: JUSHF)&nbsp;disclosed&nbsp;Thursday preliminary financial results for the third quarter of this fiscal year, 

Jushi's Revenue Increases 61% Sequentially To $24M - Jushi Holdings (OTC:JUSHF)

Jelena Martinovic

Jushi Holdings

Multi-state cannabis and hemp operator&nbsp;Jushi Holdings Inc.&nbsp;(CSE: JUSH) (OTCQB: <a href="http://www.benzinga.com/stock/jushf">JUSHF</a>)&nbsp;<a href="http://www.newcannabisventures.com/jushi-pre-announces-q3-revenue-at-24-million-and-boosts-outlook-for-2020-and-2021/">disclosed</a>&nbsp;Thursday preliminary financial results for the third quarter of this fiscal year,

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Jushi's Revenue Increases 61% Sequentially To $24M

Jushi Holdings Inc

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