Ascend Continues to Grow Retail Footprint with Fifth Dispensary in Pennsylvania and its 39th Nationwide

Rhea-AI Summary

Ascend Wellness Holdings (CSE: AAWH-U.CN, OTCQX: AAWH) has opened its fifth medical dispensary in Pennsylvania, located in Whitehall. This marks the company's 39th location across seven states. The new Ascend Dispensary Outlet Whitehall will serve patients in the greater Allentown area, offering a wide range of medical marijuana products.

The grand opening is scheduled for September 13th, featuring a ribbon-cutting ceremony and local vendor pop-ups. Ascend's outlet dispensary model focuses on high-quality products at consistently low prices, with expertly trained staff. The company also offers a rewards program called the Ascenders Club, where patients can earn points on purchases.

Positive

• Expansion of retail footprint with fifth dispensary in Pennsylvania
• Reached 39 locations across seven states
• Grand opening event planned to attract new customers
• Offering rewards program to encourage customer loyalty

Negative

• None.

Ascend Dispensary Outlet Whitehall will serve patients in the greater Allentown area

Patients can celebrate the new location at the grand opening on September 13th

NEW JERSEY, Sept. 11, 2024 /PRNewswire/ - Ascend Wellness Holdings, Inc. ("AWH," "Ascend" or the "Company") (CSE: AAWH-U.CN) (OTCQX: AAWH), a multi-state, vertically integrated cannabis operator, announces the opening of its fifth medical dispensary in Pennsylvania, located in Whitehall. This expansion marks Ascend's 39th location across its seven-state footprint and underscores the Company's dedication to serving the growing medical market in Pennsylvania. Ascend currently operates four additional stores in Cranberry, Monaca, Scranton, and Wayne.

Ascend Dispensary Outlet Whitehall will welcome patients in the greater Allentown area with a wide-ranging selection of curated, top-shelf medical marijuana products, including whole flower products, vaporizers, concentrates, ingestibles, topicals, and accessories.

"We are thrilled to expand Ascend's reach to a new medical community in Pennsylvania with this opening in Whitehall. Patients now have more opportunities than ever to experience Ascend's cutting-edge outlet dispensary model, which offers high-quality products at consistently low prices and is staffed by expertly trained budtenders to ensure personalized, knowledgeable service," said Frank Perullo, President and Co-Founder at Ascend. "As Ascend and the medical marijuana community both continue to grow in Pennsylvania, we are committed to driving improvements in accessibility, convenience, and options for patients statewide."

To celebrate the opening of the Whitehall dispensary, Ascend invites patients to join in the grand opening festivities on September 13. Patients will have the opportunity to explore the dispensary, and attendees will be able to meet the Ascend team and learn more about the Company's commitment to supporting health and wellness through medical cannabis. The grand opening will kick off with a ribbon cutting at 9:45am and local vendor pop-ups to follow from 11am-3pm.

Ascend patients can also join the free Ascenders Club, where purchases become even more rewarding. Highlights include earning 1 point for every $1 spent at Ascend with bonus points for referring friends. Patients can sign up in-store or online at www.letsascend.com.

Ascend Whitehall is located at 20430 MacArthur Rd, Whitehall, PA 18052, and will be open from:

Monday - Wednesday: 10 am - 7 pm
Thursday: 10 am - 8 pm
Friday: 10 am - 9 pm
Saturday: 10 am - 8 pm
Sunday: 10 am - 5 pm

For more information about Ascend and its dispensaries, visit www.awholdings.com.

About Ascend Wellness Holdings, Inc.

AWH is a vertically integrated operator with assets in Illinois, Maryland, Massachusetts, Michigan, Ohio, New Jersey, and Pennsylvania.  AWH owns and operates state-of-the-art cultivation facilities, growing award-winning strains and producing a curated selection of products for retail and wholesale customers. AWH produces and distributes its in-house Common Goods, Simply Herb, Ozone, Ozone Reserve, and Royale branded products. For more information, visit www.awholdings.com.

Cautionary Note Regarding Forward-Looking Information

This news release includes forward-looking information and statements, which may include, but are not limited to, the plans, intentions, expectations, estimates, and beliefs of the Company. Words such as "expects", "continue", "will", "anticipates" and "intends" or similar expressions are intended to identify forward-looking information and statements. Without limiting the generality of the preceding statement, this news release contains forward-looking information and statements concerning the Company's current projections and expectations about future events and financial trends and the timely receipt of all required regulatory approvals.  We caution investors that any such forward-looking information and statements are based on certain assumptions and analysis made by the Company in light of the experience of the Company and its perception of historical trends, current conditions and expected future developments, and other factors management believes are appropriate.

Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein. Such factors include, among others, the risks and uncertainties identified in the Company's Annual Report on Form 10-K for the year ended December 31, 2023, and in the Company's other reports and filings with the applicable Canadian securities regulators on its profile on SEDAR+ at www.sedarplus.ca and with the SEC on its profile on EDGAR at www.sec.gov. Although the Company believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and statements herein are made as of the date hereof, and except as required by applicable laws, the Company assumes no obligation and disclaims any intention to update or revise any forward-looking information or statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward-looking information and statements herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable laws.

The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.

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SOURCE Ascend Wellness Holdings, Inc.

FAQ

When is Ascend Wellness Holdings opening its new dispensary in Whitehall, Pennsylvania?

Ascend Wellness Holdings is opening its new dispensary in Whitehall, Pennsylvania on September 13, 2024, with a grand opening celebration featuring a ribbon-cutting ceremony and local vendor pop-ups.

How many dispensaries does Ascend Wellness Holdings (AAWH) now operate in Pennsylvania?

With the opening of the Whitehall location, Ascend Wellness Holdings (AAWH) now operates five dispensaries in Pennsylvania, including locations in Cranberry, Monaca, Scranton, and Wayne.

What is the total number of dispensaries Ascend Wellness Holdings (AAWH) operates across all states?

Ascend Wellness Holdings (AAWH) now operates a total of 39 dispensaries across its seven-state footprint, with the addition of the new Whitehall, Pennsylvania location.

What is the Ascenders Club offered by Ascend Wellness Holdings (AAWH)?

The Ascenders Club is Ascend Wellness Holdings' free rewards program where patients earn 1 point for every $1 spent at Ascend dispensaries, with bonus points for referring friends. Members can sign up in-store or online.