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Ascend Wellness Expands Access to Non-Medical Cannabis Customers in Ohio

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Ascend Wellness Holdings (CSE: AAWH-U.CN, OTCQX: AAWH) has expanded access to non-medical cannabis customers in Ohio. Starting August 6th, the company can sell to customers over 21 at its dispensaries in Coshocton, Cincinnati, and Sandusky, with Piqua following on August 7th. Ascend operates five dispensaries in Ohio and a cultivation and manufacturing facility, producing Common Goods, Simply Herb, and Ozone branded products.

CEO John Hartmann emphasized Ascend's commitment to serving both medical patients and new non-medical customers while maintaining high standards of safety, compliance, and quality. Ohio's cannabis market reported $484.4 million in medical cannabis sales in 2023, demonstrating significant potential for growth as the state transitions to allow dual-use dispensaries.

Ascend Wellness Holdings (CSE: AAWH-U.CN, OTCQX: AAWH) ha ampliato l'accesso ai clienti di cannabis non medica in Ohio. A partire dal 6 agosto, l'azienda potrà vendere ai clienti sopra i 21 anni nei suoi dispensari a Coshocton, Cincinnati e Sandusky, con Piqua che seguirà il 7 agosto. Ascend gestisce cinque dispensari in Ohio e un impianto di coltivazione e produzione, producendo prodotti a marchio Common Goods, Simply Herb e Ozone.

Il CEO John Hartmann ha sottolineato l'impegno di Ascend nel servire sia i pazienti medici che i nuovi clienti non medici, mantenendo elevati standard di sicurezza, conformità e qualità. Il mercato della cannabis dell'Ohio ha registrato 484,4 milioni di dollari in vendite di cannabis medica nel 2023, dimostrando un significativo potenziale di crescita mentre lo stato si prepara a consentire i dispensari a uso duale.

Ascend Wellness Holdings (CSE: AAWH-U.CN, OTCQX: AAWH) ha ampliado el acceso a clientes de cannabis no médica en Ohio. A partir del 6 de agosto, la empresa podrá vender a clientes mayores de 21 años en sus dispensarios en Coshocton, Cincinnati y Sandusky, con Piqua siguiendo el 7 de agosto. Ascend opera cinco dispensarios en Ohio y una instalación de cultivo y fabricación, produciendo productos de las marcas Common Goods, Simply Herb y Ozone.

El CEO John Hartmann enfatizó el compromiso de Ascend de servir tanto a pacientes médicos como a nuevos clientes no médicos, manteniendo altos estándares de seguridad, cumplimiento y calidad. El mercado de cannabis de Ohio reportó $484.4 millones en ventas de cannabis médico en 2023, demostrando un potencial significativo de crecimiento a medida que el estado transiciona para permitir dispensarios de uso dual.

Ascend Wellness Holdings (CSE: AAWH-U.CN, OTCQX: AAWH)는 오하이오에서 비의료용 대마초 고객에 대한 접근성을 확대했습니다. 8월 6일부터 이 회사는 코쇼토운, 신시내티 및 샌더스키의 약국에서 21세 이상 고객에게 판매할 수 있으며, 피콰는 8월 7일에 이어갈 예정입니다. Ascend는 오하이오에서 5개의 약국과 일반 상품, 심플 허브 및 오존 브랜드 제품을 생산하는 재배 및 제조시설을 운영하고 있습니다.

CEO 존 하트만은 Ascend가 의료 환자와 새로운 비의료 고객 모두를 지원하는 데 전념하고 있으며, 높은 안전성, 규정 준수 및 품질 기준을 유지하고 있다고 강조했습니다. 오하이오의 대마초 시장은 2023년에 4억 4840만 달러의 의료 대마초 판매를 기록했습니다, 이는 주에서 이중 사용 약국을 허용함에 따라 성장 가능성이 크다는 것을 보여줍니다.

Ascend Wellness Holdings (CSE: AAWH-U.CN, OTCQX: AAWH) a élargi l'accès aux clients de cannabis non médical dans l'Ohio. À partir du 6 août, l'entreprise pourra vendre à des clients de plus de 21 ans dans ses dispensaires à Coshocton, Cincinnati et Sandusky, avec Piqua qui suivra le 7 août. Ascend exploite cinq dispensaires dans l'Ohio ainsi qu'une installation de culture et de fabrication, produisant des produits sous les marques Common Goods, Simply Herb et Ozone.

Le PDG John Hartmann a souligné l'engagement d'Ascend à servir à la fois les patients médicaux et les nouveaux clients non médicaux tout en maintenant des normes élevées de sécurité, de conformité et de qualité. Le marché du cannabis de l'Ohio a signalé 484,4 millions de dollars de ventes de cannabis médical en 2023, montrant un potentiel de croissance significatif alors que l'État se prépare à autoriser les dispensaires à usage double.

Ascend Wellness Holdings (CSE: AAWH-U.CN, OTCQX: AAWH) hat den Zugang für nicht-medizinische Cannabis-Kunden in Ohio erweitert. Ab dem 6. August kann das Unternehmen in seinen Geschäften in Coshocton, Cincinnati und Sandusky an Kunden über 21 Jahren verkaufen, wobei Piqua am 7. August folgt. Ascend betreibt fünf Geschäfte in Ohio sowie eine Anbau- und Produktionsstätte, die Produkte der Marken Common Goods, Simply Herb und Ozone herstellt.

CEO John Hartmann betonte das Engagement von Ascend, sowohl medizinische Patienten als auch neue nicht-medizinische Kunden zu bedienen, während hohe Standards in Bezug auf Sicherheit, Compliance und Qualität aufrechterhalten werden. Der Cannabismarkt in Ohio berichtete von 484,4 Millionen Dollar an medizinischen Cannabisverkäufen im Jahr 2023, was ein erhebliches Wachstumspotenzial zeigt, da der Bundesstaat die Genehmigung für Dual-Use-Dispensaries erteilt.

Positive
  • Expansion into non-medical cannabis sales in Ohio, potentially increasing customer base and revenue
  • Operation of five dispensaries and a cultivation facility in Ohio, providing vertical integration
  • Production of in-house branded products (Common Goods, Simply Herb, Ozone) in Ohio
Negative
  • None.

NEW YORK, Aug. 6, 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 expanded access in Ohio as the state allows for sales of cannabis to commence to non-medical customers. Beginning today, August 6th, the Company can sell to non-medical customers over 21 years of age at its dispensaries in Coshocton, Cincinnati, and Sandusky. The Company will also welcome non-medical customers at its dispensary in Piqua, Ohio beginning on August 7th.

The Company operates1 five dispensaries in Ohio, located in Carroll, Cincinnati, Coshocton, Piqua, and Sandusky. This transition solidifies Ascend's presence in Ohio's burgeoning cannabis market, positioning it for further growth and success in the Midwest.

"As we proudly announce the start of the transition of our Ohio stores to accommodate non-medical customers, we are excited about the new opportunities this brings to both Ascend and the communities we serve," said John Hartmann, CEO, Ascend. "We are well-positioned to serve both segments of the market, maintaining our commitment to our current medical patients while embracing new non-medical customers. We are committed to responsibly meeting the evolving needs of our patients and customers and dedicated to maintaining the highest standards of safety, compliance and quality. This milestone is a testament to the hard work of our team and the trust our community places in us, and we look forward to continuing to serve them with product and service excellence."

With approximately $484.4 million in medical cannabis sales reported by licensed dispensaries in the state in 2023, according to the Ohio Department of Commerce, Ohio's cannabis market has demonstrated substantial potential. The Ohio Division of Cannabis Control's decision to allow existing medical cannabis dispensaries to transition to "dual-use dispensaries" enables Ascend and other licensed operators to meet the evolving needs of consumers.

Ascend operates a cultivation and manufacturing facility in the state, further enhancing its capabilities in meeting the growing demand for cannabis products. The Company produces Common Goods, Simply Herb, and Ozone branded vapes, gummies, and flower in Ohio. Ascend operates1 five existing dispensaries across the state, including:

Ascend Dispensary Cincinnati: 824 Reedy St, Cincinnati, OH 45202
Ascend Dispensary Coshocton: 23024 Co Rd 621 Suite 1, Coshocton, OH 43812
Ascend Dispensary Outlet Piqua: 1206 Recker Rd, Piqua, OH 45356
Ascend Dispensary Outlet Sandusky: 6019 Milan Rd, Sandusky, OH 44870
Ascend Dispensary Carroll: 3560 Dolson Ct NW # B, Carroll, OH 43112

1.    Includes dispensaries owned by Ohio Patient Access, LLC.

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 (together, "forward-looking 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 statements. Without limiting the generality of the preceding statement, this news release contains forward-looking statements concerning the Company's current projections and expectations about future events and financial trends, the timely receipt of all required regulatory approvals, the timing of the launch of non-medical cannabis sales, and the general stability of the economic and political environment.  We caution investors that any such forward-looking 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 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 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 statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such forward-looking statements, there can be no assurance that any such forward-looking 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 statements. Any forward-looking 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 statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward-looking 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 did Ascend Wellness Holdings (AAWH) start selling non-medical cannabis in Ohio?

Ascend Wellness Holdings began selling non-medical cannabis in Ohio on August 6, 2024, at its dispensaries in Coshocton, Cincinnati, and Sandusky. The Piqua location started non-medical sales on August 7, 2024.

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

Ascend Wellness Holdings operates five dispensaries in Ohio, located in Carroll, Cincinnati, Coshocton, Piqua, and Sandusky.

What was the value of medical cannabis sales in Ohio in 2023?

According to the Ohio Department of Commerce, licensed dispensaries reported approximately $484.4 million in medical cannabis sales in Ohio in 2023.

What in-house brands does Ascend Wellness Holdings (AAWH) produce in Ohio?

Ascend Wellness Holdings produces Common Goods, Simply Herb, and Ozone branded vapes, gummies, and flower in Ohio.

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