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.

03/12/2024 07:10 AM

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AWH ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS

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Ascend Wellness Holdings, Inc. (AAWH) reported impressive financial results for Q4 2023 and full year 2023, with net revenue increasing by 25% and 28% year-over-year respectively. Adjusted EBITDA also saw positive growth, increasing by 15% and 14% year-over-year for Q4 and full year 2023. The company achieved its first full year of positive cash from operations and positive free cash flow, ending Q4 2023 with $73 million in cash and cash equivalents.

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02/22/2024 07:10 AM

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AWH Executes Definitive Agreement to Acquire its Second Cultivation License in Massachusetts

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Ascend Wellness Holdings, Inc. (AAWH) announces the acquisition of a cultivation license in Massachusetts, expanding its footprint in the state. The move aims to meet the rising demand for AWH's products, driven by the success of the Simply Herb brand. CEO John Hartmann is optimistic about the growth prospects.

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02/01/2024 07:10 AM

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Ascend Revels Evolution of Social Equity Programs With Launch of Ascend ';CO-LAB for Social Equity'

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Ascend Wellness Holdings, Inc. launches 'Ascend CO-LAB for Social Equity' to foster a stronger and more equitable cannabis industry. The initiative includes mentorship programs, cultivation education tours, expungement and resource clinics, and significant donations to grassroots organizations and minority communities. The 'Round-Up' program will support these initiatives, emphasizing the company's dedication to social equity and restorative justice.

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01/31/2024 07:10 AM

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AWH to Hold Fourth Quarter and Full Year 2023 Earnings Conference Call on Tuesday, March 12, 2024

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Ascend Wellness Holdings, Inc. will hold a conference call on March 12, 2024, following the release of its fourth quarter and full year 2023 financial results. The call will be accessible via webcast and dial-in number, with a replay option available.

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01/10/2024 07:10 AM

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AWH Opens 5th Ohio Dispensary in Highly Coveted Location in Cincinnati

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Ascend Wellness Holdings, a multi-state, vertically integrated cannabis operator (CSE: AAWH.U) (OTCQX: AAWH), announced the opening of its flagship dispensary in Cincinnati, Ohio, marking the Company's fifth location in the state and 35th across its seven-state footprint. The dispensary will offer a wide range of cannabis products and is strategically located next to the Hard Rock Casino and minutes from the Kentucky border.

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12/29/2023 07:00 AM

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AWH Celebrates the Opening of 4th Dispensary in Ohio

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Ascend Wellness Holdings, Inc. (AAWH.U) has announced the opening of its fourth dispensary in the state of Ohio, located at 1206 Recker Rd, Piqua. This marks the 34th dispensary across its seven-state footprint. The company has entered into a definitive agreement to acquire 100% of the equity of Ohio Patient Access LLC, which owns and will operate two other provisionally licensed dispensaries in Ohio. The Piqua dispensary will offer medical products with everyday low pricing and discounts, open six days a week, and will accept cash and debit cards through cashless ATM terminals.

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12/06/2023 07:10 AM

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AWH Expands Its Reach with the Opening of Its Third Dispensary in Ohio

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Ascend Wellness Holdings, Inc. (AAWH.U) announced the opening of a new Ascend Dispensary Outlet in Sandusky, Ohio, marking their third location in the state and 33rd across seven states. The dispensary will offer a wide range of medical cannabis products, including everyday low pricing and discounts. CEO John Hartmann expressed excitement for the expansion and hinted at plans for recreational cannabis in the future.

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11/20/2023 07:10 AM

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AWH Celebrates Opening of Its Tenth Dispensary in Illinois

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Ascend Wellness Holdings, Inc. (AAWH.U) announces the opening of a new Ascend Dispensary Outlet in Northlake, IL, marking its 10th in Illinois and 32nd across seven states. The outlet will offer high-quality, affordable cannabis products, including premium flower strains, edibles, topicals, and accessories. The company aims to create a welcoming environment for both experienced and novice cannabis users, open 7 days a week from 9 am to 9 pm. The Chief of Stores, Rick Wilkins, expresses excitement for this milestone and emphasizes the company's commitment to safe and convenient access to cannabis benefits.

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11/07/2023 07:10 AM

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AWH ANNOUNCES Q3 2023 FINANCIAL RESULTS

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Ascend Wellness Holdings, Inc. reported record quarterly revenue for the 6th consecutive quarter, achieving $141.3M net revenue in Q3 2023, a 27.0% increase year-over-year and 14.9% increase quarter-over-quarter. Adjusted EBITDA improved by 38.5% quarter-over-quarter, generating $29.5 million. Key leadership changes were announced, and adult-use sales commenced at four dispensaries in Maryland.

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10/26/2023 01:47 PM

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Lawsuit Seeks Equal Treatment for Cannabis Businesses

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A coalition of U.S. cannabis operators and investors has filed a lawsuit against U.S. Attorney General Merrick Garland, seeking to prevent the federal government from enforcing the Controlled Substances Act on state-regulated cannabis businesses. The lawsuit aims to confirm the rights of states to regulate cannabis and limit the federal government's power to interfere. The lawsuit argues that the federal criminalization of intrastate cannabis is unconstitutional and unfair to small businesses.

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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.