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Ascend Wellness Holdings Inc. - AAWH STOCK NEWS

Welcome to our dedicated news page for Ascend Wellness Holdings (Ticker: AAWH), a resource for investors and traders seeking the latest updates and insights on Ascend Wellness Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ascend Wellness Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ascend Wellness Holdings's position in the market.

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.89%
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Rhea-AI Summary
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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earnings
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.27%
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acquisition
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.51%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.11%
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earnings
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.83%
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none
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.96%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.45%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.39%
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News
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.2%
Tags
earnings
Ascend Wellness Holdings Inc.

OTC:AAWH

AAWH Rankings

AAWH Stock Data

287.47M
136.37M
28.73%
8.37%
Medicinal and Botanical Manufacturing
Manufacturing
Link
United States
New York

About AAWH

awh is a market leading, vertically integrated operator with assets in illinois, michigan, ohio, massachusetts and new jersey. awh is breaking down traditional walls in the cannabis marketplace to provide easy and accessible products and exclusive brand partnerships. awh owns and operates state-of-the-art cultivation facilities, growing award winning strains and producing curated selection of products with effect-based categorization. awh operates, illinois supply and provisions, and ohio provisions, and has a strategic partnership with michigan supply and provisions. awh produces and distributes ozone branded products. we are: a trusted partner in communities a safe, secure neighbor looking to make a positive impact an approachable and trusted cannabis experience we offer: unrivaled quality, consistency and meticulously curated products commitment to our customers’ unique, individual needs simplified customer experiences with easy to understand effect-based categorization our te