Companies · Agriculture

Jushi Holdings Inc.

BOCA RATON · Agriculture

Diligence memoA one-page analyst read on Jushi Holdings Inc. — recommendation, valuation, rhythm, risks.
$51.8M
Total raised · real
2
Rounds
0.6×
Latest step-up
Top 7%
Sector rank · raised
Series B
Latest stage · inferred · Wed Jul 31 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Jushi Holdings Inc. looks over-valued against its niche peers and is at-risk on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the agriculture sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Over-valued
  • Modeled value is 2.15× the median modeled value of Series B Agriculture companies in 2022–2024 (11 peers) — value vs value, same stage and era.
At-risk
  • Last raise 23 mo ago; this sector typically re-raises about every 11 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Jushi Holdings Inc. behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
3.6 yr record
Peak capital year was 2022 with $32.4M across 1 filings.
Market position
ahead of 94% of Agriculture peers
Capital scale is ahead of 94% of Agriculture peers; modeled value is above 88% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2022: $32.4M across 1 filings.
  • Largest single filing was $32.4M on 2022-12-07.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Agriculture

Jushi Holdings Inc. is one of 1056 Agriculture companies tracked from BOCA RATON. By capital raised it ranks among the largest (ahead of 94% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
$100M+
Issuer revenue
Rule 506(b)
Reg D exemption
9
Investors (latest)
2024-07-31
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$125M$250M$375M$500MSeries B · 2022-12-07 Raised $32M (real) Modeled valuation $209M (est)$32M$209MSeries B2022Series B · 2024-07-31 Raised $19M (real) Modeled valuation $95M (est)$19M$95MSeries B2024+$19MCumulative $52M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series B$32.4M · 2022
Series B extension$19.4M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 25%.

Modeled valuation trajectory
$95.3M
Base estimate est.
$46.1M
Conservative case
$167.9M
Upside case
$107.8M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the agriculture sector profile. Directional, not a quoted figure.

Series B · modeled $208.6M · 2022-12-072022Series B · modeled $95.3M · 2024-07-312024
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
65%
Survival probability
43% low · 79% high
1.18×/yr
Annual markup
1.43×/yr upside case
1.9 yr
Elapsed time used
1.9 yr actual, capped for stale marks
agriculture
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
20 mo
Avg between rounds
$31.5M/yr
Capital velocity
3.6 yr
On record since
2022
First round
2
Rounds on file
How it compares to the market

Benchmarked against 1056 companies in Agriculture. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 23× above median
This company$51.8M
Sector median$2.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.1× above median
This company$19.4M
Sector median$17.4M
Modeled value — vs sector median (estimate, all stages) 8.0× above median
This company$95.3M
Sector median$11.9M

Raised more than 94% of sector peers (real $). Modeled value above 88% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #4 of 11.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)Applied LifeSciences & Systems Poultry, Inc. · Series B Raised $40.4M · modeled $196.6M (est)CoverCress Inc. · Series B Raised $36.7M · modeled $184.9M (est)Alta Arbor Holdings, LLC · Series B Raised $21.5M · modeled $99.1M (est)AmplifiedAg, Inc. · Series B Raised $40.9M · modeled $70.2M (est)Lowell Farms Inc. · Series B Raised $36.4M · modeled $44.3M (est)S&W Seed Co · Series B Raised $62.3M · modeled $36.6M (est)Farming First Holdings LLC · Series B Raised $35.4M · modeled $24.5M (est)Cooks Venture, Inc. · Series B Raised $122.7M · modeled $20.0M (est)Springworks Farm Maine, Inc. · Series B Raised $21.2M · modeled $16.2M (est)Agricultural Land Corp · Series B Raised $20.4M · modeled $7.5M (est)Jushi Holdings Inc. (this company) Raised $51.8M · modeled $95.3M (est)Jushi Holdings Inc.
CompanyStageRaised · realValue · estvs peer med.
Applied LifeSciences & Systems Poultry, Inc.Series B$40.4M$196.6M4.44×
CoverCress Inc.Series B$36.7M$184.9M4.17×
Alta Arbor Holdings, LLCSeries B$21.5M$99.1M2.24×
Jushi Holdings Inc. this companySeries B$51.8M$95.3M2.15×
AmplifiedAg, Inc.Series B$40.9M$70.2M1.58×
Lowell Farms Inc.Series B$36.4M$44.3M1.00×
S&W Seed CoSeries B$62.3M$36.6M0.83×
Farming First Holdings LLCSeries B$35.4M$24.5M0.55×
Cooks Venture, Inc.Series B$122.7M$20.0M0.45×
Springworks Farm Maine, Inc.Series B$21.2M$16.2M0.37×
Agricultural Land CorpSeries B$20.4M$7.5M0.17×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series B$32.4M2022-12-07$180.2M$208.6M90%
Series B$19.4M2024-07-31$107.8M$95.3M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series B$32.4M2022-12-07
    • First recorded raise — entered as Series B.
    • 34 investors on this round.
  2. Series B$19.4M2024-07-31
    • Raised again after 20 mo — slower than the ~11 mo sector norm.
    • Round 1.7× smaller than the prior — bridge or down round.
    • 9 investors on this round.
Intelligence
2026 ~Q1
Modeled next raise · ~20mo cadence
$19.4M
Modeled next size est.range $19.4M$31.0M
0.6×
Last step-up
$31.5M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
James Cacioppo2 other2022-12
Louis Jonathan Barack2 other2024-07
Benjamin Alan Cross2022-12
Benjamin Jonathan Cross2024-07
Bill Alan Wafford2022-12
Billy Jonathan Wafford2024-07
James Jon Cabral2022-12
Leonardo Jon Garcia-Berg2022-12
Louis Jon Barack2022-12
Marina Alan Hahn2022-12
Marina Jonathan Hahn2024-07
Michelle Jonathan Mosier2024-07
Nichole Lee Upshaw2022-12
Peter Alan Adderton2022-12
Stephen Alan Monroe2022-12
Stephen Jonathan Monroe2024-07
Tobi Jonathan Lebowitz2024-07
Tobi Jon Lebowitz2022-12
Todd Jonathan West2024-07
Registry & provenance

Jushi Holdings Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1909747
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Vital Farms, Inc.AgricultureSeries B$47.7M$143.6Msame sector · same stage
Scotts Miracle-Gro CoAgricultureSeries B$56.9M$161.1Msame sector · same stage
Advanced Animal Diagnostics IncAgricultureSeries B$44.0M$28.2Msame sector · same stage
Green Coffee Co Holdings, LLCAgricultureSeries B$61.3M$27.5Msame sector · same stage
S&W Seed CoAgricultureSeries B$62.3M$36.6Msame sector · same stage
AmplifiedAg, Inc.AgricultureSeries B$40.9M$70.2Msame sector · same stage
Local Bounti Corporation/DEAgricultureSeries B$40.3M$110.1Msame sector · same stage
Select Milk Producers, Inc.AgricultureSeries B$67.0M$126.8Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Moku Foods Inc.AgricultureSeed$12.0M84%
SI Holdings MI, Inc.AgriculturePre-Seed$7.0M84%
Jicaiba Holdings LtdAgricultureSeries C$631.3M83%
Jushi IncOtherSeries C$1.4B83%
Ningbo Zhenghe Trading LtdAgricultureSeries A$22.2M83%
JDBC Holding, Inc.AgricultureSeed$32.1M83%
Jushi Acquisition Corp.OtherSeries C$1.6B82%
Jingcaoyuan Holdings IncAgricultureSeries C$644.3M82%
Frequently asked
How much funding has Jushi Holdings Inc. raised?
Jushi Holdings Inc. has raised approximately $51.8M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Jushi Holdings Inc.'s estimated valuation?
Provath's modeled valuation for Jushi Holdings Inc. is approximately $95.3M (modeled range $46.1M–$167.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Jushi Holdings Inc. at?
Jushi Holdings Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Wed Jul 31.
What does Jushi Holdings Inc. do and where is it based?
Jushi Holdings Inc. operates in the Agriculture sector, based in BOCA RATON.
Explore related

See where Jushi Holdings Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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