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ASCEND WELLNESS HOLDNGS A - AAWH STOCK NEWS

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Ascend Wellness Holdings, Inc. (OTCQX: AAWH) is a vertically integrated, multi-state cannabis operator with a significant presence in Illinois, Maryland, Massachusetts, Michigan, Ohio, New Jersey, and Pennsylvania. The company is dedicated to providing superior products and services in the cannabis industry, leveraging state-of-the-art cultivation facilities to grow award-winning strains and produce a curated selection of products tailored for retail and wholesale customers.

Ascend Wellness Holdings focuses on simplifying the cannabis experience with its effect-based categorization of products, ensuring that customers' unique needs are met with consistency and quality. The company operates several brands, including Ozone, Ozone Reserve, Simply Herb, Common Goods, Tunnel Vision, and Royale, catering to a variety of consumer preferences.

Recent achievements include a reported net revenue of $142.4 million for Q1 2024, marking a 25% increase year-over-year. Additionally, the company generated $32.5 million in Adjusted EBITDA, reflecting a 39% increase from the previous year. As of March 31, 2024, Ascend Wellness Holdings had $72.9 million in cash and cash equivalents, demonstrating financial robustness and a positive cash flow from operations for the fifth consecutive quarter.

Ascend Wellness Holdings continues to expand its footprint, with recent openings of dispensaries in Cincinnati, Ohio, and Monaca, Pennsylvania, bringing its total to 36 dispensaries. The company's strategic focus includes densifying its retail presence and expanding wholesale penetration while driving innovation and productivity across its operations. This growth strategy is supported by key partnerships and long-term supply agreements, such as those recently secured in Maryland.

The company’s commitment to social equity is evident through initiatives like the Ascend CO-LAB for Social Equity, which fosters a more inclusive and sustainable industry by addressing social disparities caused by the war on drugs.

Led by CEO John Hartmann, Ascend Wellness Holdings is poised for continued success and is actively preparing for potential federal cannabis reform that could further enhance its market position. Hartmann's recent acquisition of 192,500 shares of Class A common stock underscores his confidence in the company's strategic direction and growth potential.

For more information about Ascend Wellness Holdings and to stay updated on their latest developments, visit www.awholdings.com.

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Ascend Wellness Holdings (AWH) will hold a conference call on Monday, August 5, 2024, at 8:30 AM ET to discuss its second quarter 2024 financial results. The call can be accessed through a dial-in number or via a live webcast on the Investor Relations section of their website. The replay of the call will be available afterward. AWH is a leading multi-state, vertically integrated cannabis operator with operations in Illinois, Maryland, Massachusetts, Michigan, Ohio, New Jersey, and Pennsylvania. They produce and distribute a variety of in-house branded cannabis products.

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Ascend Wellness Holdings (AAWH) announced the relocation of its Montclair dispensary to a new location in Wharton, New Jersey, set to open on June 28, 2024. This new facility spans approximately 3,000 square feet and features 13 sales terminals, six kiosks, two ATMs, and ample parking. The dispensary will serve both medical and adult-use cannabis customers, offering a wide range of products including flowers, vaporizers, concentrates, ingestibles, topicals, and accessories, along with a drive-thru service. The move aims to cater to the growing New Jersey market and enhance customer convenience. A grand opening celebration will be held on June 28, 2024, allowing attendees to explore the new store and meet the Ascend team.

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Ascend Wellness Holdings (CSE: AAWH-U.CN, OTCQX: AAWH), a multi-state marijuana operator, has opened its fourth medical dispensary in Cranberry, Pennsylvania, marking its 37th location across seven states. This expansion highlights the company's commitment to the growing medical market in Pennsylvania. The Cranberry dispensary, located near I-76 and I-79, offers a variety of products including whole flower, vaporizers, concentrates, ingestibles, topicals, and accessories. The grand opening takes place on June 21, 2024. The dispensary spans 2,000 square feet within a 6,500 square foot building, featuring 11 terminals, four kiosks, and on-site ATMs for efficient service. Ascend also introduced the Ascenders Club loyalty program, rewarding patients for purchases and referrals. The dispensary is open seven days a week, with varying hours.

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Ascend Wellness Holdings (AAWH), a multi-state cannabis operator, announced the appointment of Julie Francis to its Board of Directors, effective June 3, 2024. This expansion increases the board members from six to seven. Francis, recognized as an independent director by SEC and NYSE standards, brings extensive experience from her roles at Schwan's Company, Constellation Brands, and Coca-Cola Refreshments. Her appointment strengthens AWH's governance practices and aligns with its growth objectives. Executive Chair, Abner Kurtin, highlighted her expertise in the consumer goods sector as a valuable asset for the company.

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Ascend Wellness Holdings, Inc. (AAWH) announced its participation in upcoming investor conferences, including the Needham Technology, Media, & Consumer Conference on May 16, 2024, Canaccord Genuity's Global Cannabis Conference on May 23, 2024, and the KCSA Virtual Cannabis Conference on June 5, 2024. The company's top executives will be participating in various panels and one-on-one investor meetings at these events. AWH is a multi-state cannabis operator with assets in several states, producing and distributing a variety of branded products. For more details, visit their website.

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AWH ANNOUNCES Q1 2024 FINANCIAL RESULTS: Ascend Wellness Holdings, Inc. reported $142.4M Net Revenue in Q1 2024, a 25% YoY increase and 2% QoQ increase. Adjusted EBITDA was $32.5 million, a 39% YoY increase. The company generated positive cash flow. Retail revenue increased 15.1% YoY. Net loss was $18.2 million. Cash and cash equivalents were $72.9 million. AWH opened two dispensaries, secured operating agreements with two partner dispensaries, and operationalized a new facility. The company plans revenue growth of 12-15% and adjusted EBITDA increase of 17-22% compared to 2023.

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Ascend Wellness Holdings, Inc. (AWH) supports the DEA's decision to move cannabis from Schedule I to Schedule III of the CSA, marking a significant step in cannabis reform. This change is expected to bring benefits like tax relief, improved access, funding opportunities, research advancements, and potential up-listing for AWH. The company looks forward to further developments and celebrates the decision's positive impact on stakeholders.

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Ascend Wellness Holdings, Inc. (AAWH) will hold a conference call on May 7, 2024, to discuss its first quarter 2024 financial results. The call will be accessible via dial-in and webcast, providing investors with insights into the company's performance.
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Ascend Wellness Holdings, Inc. CEO John Hartmann acquires 192,500 shares of AWH stock, showcasing confidence in the Company's future. The move reflects Hartmann's strong belief in AWH's strategic direction, operational excellence, and commitment to delivering value to stockholders.
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Ascend Wellness Holdings, Inc. opens its 36th location, Ascend Monaca, the 8th outlet across seven states, offering a range of affordable medical marijuana products in Pennsylvania. The new dispensary aims to serve the Pittsburgh region with everyday low pricing and innovative outlet dispensary model.
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FAQ

What is the current stock price of ASCEND WELLNESS HOLDNGS A (AAWH)?

The current stock price of ASCEND WELLNESS HOLDNGS A (AAWH) is $0.395 as of November 22, 2024.

What is the market cap of ASCEND WELLNESS HOLDNGS A (AAWH)?

The market cap of ASCEND WELLNESS HOLDNGS A (AAWH) is approximately 99.7M.

What is Ascend Wellness Holdings, Inc.?

Ascend Wellness Holdings, Inc. is a vertically integrated, multi-state cannabis operator with a strong presence in several states, providing high-quality cannabis products and services for retail and wholesale customers.

Which states does Ascend Wellness Holdings operate in?

Ascend Wellness Holdings operates in Illinois, Maryland, Massachusetts, Michigan, Ohio, New Jersey, and Pennsylvania.

What brands does Ascend Wellness Holdings produce?

Ascend Wellness Holdings produces and distributes several brands including Ozone, Ozone Reserve, Simply Herb, Common Goods, Tunnel Vision, and Royale.

How did Ascend Wellness Holdings perform financially in Q1 2024?

In Q1 2024, Ascend Wellness Holdings reported a net revenue of $142.4 million, a 25% increase year-over-year, and $32.5 million in Adjusted EBITDA, reflecting a 39% year-over-year increase.

What are some recent developments at Ascend Wellness Holdings?

Recent developments include the opening of new dispensaries in Cincinnati, Ohio, and Monaca, Pennsylvania, bringing the total to 36 dispensaries, and securing long-term supply agreements in Maryland.

What is the Ascend CO-LAB for Social Equity?

The Ascend CO-LAB for Social Equity is an initiative by Ascend Wellness Holdings to foster a more inclusive and sustainable cannabis industry by addressing social disparities caused by the war on drugs.

Who leads Ascend Wellness Holdings?

John Hartmann is the CEO of Ascend Wellness Holdings, and his recent acquisition of 192,500 shares of Class A common stock demonstrates his confidence in the company's future.

What is the strategic focus of Ascend Wellness Holdings?

Ascend Wellness Holdings focuses on densifying its retail presence, expanding wholesale penetration, and driving innovation and productivity across its operations.

How does Ascend Wellness Holdings ensure product quality?

Ascend Wellness Holdings ensures product quality through state-of-the-art cultivation facilities and a curated selection of products categorized by effect to meet customers' unique needs.

Where can I find more information about Ascend Wellness Holdings?

For more information about Ascend Wellness Holdings and their latest developments, visit their official website at www.awholdings.com.

ASCEND WELLNESS HOLDNGS A

OTC:AAWH

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99.68M
136.31M
30.29%
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