Welcome to our dedicated page for Ascend Wellness news (Ticker: AAWH), a resource for investors and traders seeking the latest updates and insights on Ascend Wellness stock.
Ascend Wellness Holdings (AAWH) is a vertically integrated cannabis operator with cultivation, manufacturing, and retail facilities across seven U.S. states. This page provides investors and industry stakeholders with timely updates on corporate developments, financial performance, and market positioning.
Access official press releases and third-party analysis covering earnings reports, regulatory compliance milestones, product launches, and strategic partnerships. Our curated collection simplifies tracking AAWH's growth in medical and adult-use cannabis markets while maintaining strict compliance with financial disclosure standards.
Key updates include expansion announcements, operational efficiency improvements, and leadership changes. All content is verified for accuracy and relevance to support informed analysis of this multi-state operator's market trajectory.
Bookmark this page for streamlined access to AAWH's evolving story in the competitive cannabis sector. Check regularly for new developments impacting the company's operational footprint and industry standing.
Ascend Wellness Holdings (AAWH) has launched High Wired, a new line of infused flower and pre-roll products targeting experienced cannabis consumers. Initially available in Illinois with planned market expansions, the product line features proprietary blends of premium ground flower infused with concentrates and THCA Diamond dust.
The launch includes 1g Infused Pre-Rolls and 3.5g Super Shake, available in various strains such as Animal Cake Sativa, Garlic and Bananas Hybrid, Banana Daddy Hybrid, and Butterstuff Indica. High Wired was developed based on consumer feedback, focusing on strong effects, value, and consistency.
This product launch positions AWH in the rapidly growing infused products category, demonstrating the company's commitment to meeting evolving consumer demands in its operating markets across Illinois, Maryland, Massachusetts, Michigan, Ohio, New Jersey, and Pennsylvania.
Ascend Wellness Holdings (AAWH) reported its Q4 and full-year 2024 financial results, showing mixed performance. Full-year revenue grew 8.3% to $561.6 million, with wholesale revenue up 28.5% to $189.4 million and retail revenue slightly increasing 0.3% to $372.2 million.
The company's Q4 2024 showed sequential declines with total revenue down 4% to $136 million. However, profitability metrics improved with Adjusted EBITDA reaching $30.2 million (22.2% margin) and Free Cash Flow of $30.1 million. The company ended Q4 with $88.3 million in cash.
Key developments include:
- Completion of $30 million annualized cost savings initiatives
- Successful share buyback of 11 million shares (5% of outstanding)
- Launch of new brand 'Effin' with strong performance in edibles category
- Network expansion to 39 dispensaries
- Adult-use sales launch in Ohio locations, tripling previous sales
Ascend Wellness Holdings (AAWH) has announced the grand reopening of its Detroit dispensary for recreational adult-use consumers on February 28th, 2025, marking its 38th retail location nationwide and eighth in Michigan. The renovated facility features a modernized showroom with seven points of sale and Michigan's first Ascend deli-style flower shopping experience.
The grand opening celebrations include a ribbon cutting at 8:45 AM, followed by vendor pop-ups, in-store promotions, and doorbuster deals. The location at 24363 W. Grand River Ave. will operate daily from 9 AM to 9 PM, offering both in-store and online ordering, with delivery services planned for the future.
Ascend Wellness Holdings (AAWH) has scheduled its fourth quarter 2024 earnings conference call for Wednesday, March 12, 2025, at 5:00 PM ET. The multi-state, vertically integrated cannabis operator will provide access to the call via telephone at 1-888-699-1199 and through a live webcast on their investor relations website.
A replay of the call will be available until March 19, 2025, at midnight ET using the replay code 29036#. AWH operates in seven states - Illinois, Maryland, Massachusetts, Michigan, New Jersey, Ohio, and Pennsylvania - with state-of-the-art cultivation facilities producing various branded products including Common Goods, Simply Herb, Ozone, Ozone Reserve, Effin', and Royale.
Ascend Wellness Holdings (AAWH) has successfully closed a $15 million private placement of 12.75% Senior Secured Notes due 2029. The notes were issued at 97.00% of face value and are part of the same series as the previously issued $235 million aggregate principal amount from July 16, 2024.
The notes bear interest at 12.75% per annum, payable semi-annually, and are secured by substantially all assets of the company and certain subsidiaries on a first lien basis. The company plans to use the net proceeds for general corporate purposes and growth initiatives.
The notes were offered through private placement in Canada and the United States to qualified institutional buyers and accredited investors, subject to a four-month hold period under Canadian securities laws. Seaport Global Securities served as lead financial advisor and sole placement agent for the offering.
Ascend Wellness Holdings (AAWH) has entered into an agency agreement with Seaport Global Securities to issue $15 million of 12.75% Senior Secured Notes due 2029. The Notes, priced at 97.00% of face value, will be part of the same series as the $235 million notes issued in July 2024.
The company plans to use the proceeds for general corporate purposes and growth initiatives, including a strategic expansion plan to open 20 additional retail locations, increasing their network footprint by approximately 50%. The Notes will be senior secured obligations with semi-annual interest payments and will mature on July 16, 2029.
The offering, expected to close around January 13, 2025, includes first-lien security on substantially all company assets and will be guaranteed by certain subsidiaries. The Notes will be offered through private placement in Canada and to qualified institutional buyers in the United States.
Ascend Wellness Holdings (AAWH) has announced a new share buyback program starting January 2, 2025. The company received authorization to repurchase up to 10,215,690 shares (approximately 5% of outstanding common shares) or US$2.25 million worth of common shares, whichever is lesser. The buyback program will run through January 1, 2026, with purchases to be made on the CSE, OTCQX, or alternative trading systems through ATB Securities Inc.
As of December 24, 2024, AAWH had 204,313,808 outstanding common shares. CEO Sam Brill emphasized that this initiative, along with recent board member purchases, demonstrates confidence in the company's strategy and commitment to shareholder value. All purchased shares will be cancelled, and the program can be modified or terminated at any time.
Ascend Wellness Holdings (AAWH) has completed the repurchase and cancellation of 11,000,000 shares of its Class A common stock, representing over 5% of outstanding shares, from an institutional investor at a significant discount to the CSE closing price on December 17, 2024. The company received consent from term loan holders to repurchase up to $5 million of shares.
The transaction, unanimously approved by AWH's Board of Directors, aims to reduce stock pressure and float. CEO Sam Brill emphasized that current market valuation doesn't reflect the company's true value and strength. The company focuses on improving margins, densifying retail footprint, and generating sustainable cash flow as it enters 2025.
Ascend Wellness Holdings (CSE: AAWH.U, OTCQX: AAWH) reported its Q3 2024 financial results. Net revenue reached $141.6 million, a 0.3% year-over-year and 0.1% quarter-over-quarter increase. Retail revenue was $93.6 million, a 7.6% year-over-year decrease but a 0.6% quarter-over-quarter increase. Wholesale revenue increased 20.1% year-over-year but decreased 0.8% quarter-over-quarter to $48.0 million. The net loss was $28.3 million, compared to $11.2 million in Q3 2023 and $21.8 million in Q2 2024. Adjusted EBITDA was $25.1 million, a 14.9% year-over-year and 11.4% quarter-over-quarter decline. The company aims to save $30 million annually through transformation initiatives and has reduced management headcount by 15% and retail and operations headcount by 10%. Cash and cash equivalents stood at $65.3 million with a net debt of $240.6 million. AWH also launched a new edibles brand, Effin', which quickly became a top seller.
Ascend Wellness Holdings (AWH) has launched Effin', a new edibles-only brand focusing on targeted cannabis experiences. The brand combines THC with minor cannabinoids like THCV, CBN, CBG, and CBD to deliver specific effects. The initial product line includes four SKUs:
1. Effin' Chillin': 10 mg THC to 10 mg CBD for relaxation
2. Effin' Sleep: 10 mg THC to 5 mg CBN for better sleep
3. Effin' Hang: 20 mg CBG to 10 mg THC for balanced energy
4. Effin' Do It: 10 mg THC to 10 mg THCV for motivation and focus
Effin' launched in Massachusetts and Illinois in early October, with a New Jersey launch planned for late October 2024. The brand aims to provide consistent, reliable effects tailored to customers' needs.
