Ascend Wellness Holdings reports developments as a multi-state, vertically integrated cannabis operator and consumer packaged goods company. News commonly covers earnings releases, retail and wholesale performance, dispensary openings, and expansion of its regulated cannabis footprint in markets such as Ohio and New Jersey.
Company updates also feature product and brand activity across flower, vapes, edibles, concentrates, gummies, and infused products, including the Ozone, Ozone Reserve, and Simply Herb portfolios. Other recurring themes include supply-chain and social-equity partnerships, operational support for independently operated dispensaries, cost controls, refinancing activity, and the company’s shift toward a CPG-oriented retail model.
Ascend Wellness Holdings (OTCQX: AAWH) closed mortgage loans with CF Bank providing $10,995,000 in gross proceeds secured by company-owned real estate.
The loans carry 8.5% annual interest and mature in October 2031. Collateral consists of five properties in Chicago and Tinley Park, Illinois; Aberdeen and Ellicott City, Maryland; and Boston, Massachusetts. Ascend intends to use the proceeds to expand its retail footprint and pursue acquisition opportunities it expects to be accretive. The company describes the financing as non-dilutive capital.
Ascend Wellness Holdings (AAWH) will hold its third-quarter 2026 earnings conference call on November 12, 2026, following its financial results release. The call begins at 5:00 p.m. ET. A live audio webcast will be available on the company’s investor relations website and archived for replay.
Ascend Wellness Holdings (AAWH) is launching Effin' Tabs, a line of THC tablets expanding its existing Effin' edibles and vapes range. Availability begins in Massachusetts on October 23 and Illinois on October 24, with New Jersey following later in October 2026.
The lineup includes seven formulas, each pairing 5 mg of THC with other cannabinoids and nutraceutical ingredients. Ascend plans distribution through its retail network and hundreds of additional dispensaries across the three markets.
Ascend Wellness Holdings (AAWH) announced the opening of Ascend of Evesham, an independently operated adult-use cannabis dispensary in Marlton, New Jersey.
The dispensary is owned and operated by Michael Santana, a participant in Ascend's social equity partnership program. Ascend provides operational support and resources under an agreement permitted by New Jersey law. The storefront has held its soft opening, with a grand opening planned for October 23, 2026. Located at 601 Route 70, the dispensary offers products including Ascend's brands and will operate daily from 9:00 a.m. to 10:00 p.m. Eastern Time.
Ascend Wellness Holdings (AAWH) has opened a dispensary in Lewis Center, Ohio, serving medical patients and non-medical cannabis customers. The opening brings its Ohio footprint to seven dispensaries. A grand opening is scheduled for October 9, 2026. Ahead of that event, hours are 10:00 AM to 7:00 PM; starting October 9, regular hours will be 8:00 AM to 11:00 PM daily.
Ascend Wellness Holdings (CSE: AAWH-U, OTCQX: AAWH) announced that stockholders approved an amendment to its Certificate of Incorporation authorizing a reverse stock split of its Class A common shares. At the August 28, 2026 Special Meeting, 113,702,839 of 203,033,639 outstanding shares (about 56%) were represented, meeting quorum.
Holders cast 112,305,378 shares (55.3% of outstanding) for, 1,391,090 against, and 6,371 abstentions. The board is now authorized, at its discretion, to implement a reverse split at a ratio between 1-for-10 and 1-for-50, or not to proceed, with authority expiring on the earlier of August 28, 2027 or a national exchange listing. The move is described by the company as a prerequisite step toward a potential U.S. exchange listing, though there is no assurance the listing or a sustained price increase will occur. No immediate action is required from stockholders, and the company will later announce any final ratio and effective date if implemented.
Ascend Wellness Holdings (CSE: AAWH-U.CN, OTCQX: AAWH) reported Q2 2026 net revenue of $126.1 million, up 7.9% sequentially, with retail revenue rising 11.5% to $92.7 million and wholesale at $33.4 million. Adjusted EBITDA¹ increased to $29.1 million, a 23.1% margin, while GAAP net loss narrowed to $9.8 million. Adjusted Gross Profit¹ was $58.3 million (46.2% margin). Cash and equivalents rose to $67.0 million, driven by $22.5 million in operating cash flow and $19.5 million of Free Cash Flow⁵; Net Debt⁴ was $251.8 million.
The company expanded its retail footprint to 55 locations and grew combined market share by ~5% across seven states, with retail transactions up ~7%. AWH filed a definitive proxy for a reverse stock split to support an uplisting, submitted DEA registration applications linked to Schedule III rescheduling, and resolved a work stoppage at its Barry, Illinois facility. For Q3 2026, AWH anticipates 2–4% revenue growth and stable Adjusted EBITDA margin.
Ascend Wellness Holdings (CSE: AAWH-U.CN, OTCQX: AAWH) is reminding stockholders to vote at its virtual Special Meeting on August 28, 2026, at 11:00 a.m. Eastern Time. Stockholders will consider a reverse stock split of Class A common shares at a ratio between 1-for-10 and 1-for-50, to be implemented at the Board’s discretion in support of a planned application to list on a U.S. national securities exchange.
Approval of the reverse split requires an affirmative vote from a majority of all outstanding Class A shares, meaning every unvoted share and abstention has the same effect as a vote against. Proxies must be received by 11:00 a.m. Eastern Time on August 26, 2026, or stockholders may vote online during the meeting.
Ascend Wellness Holdings (CSE: AAWH-U.CN, OTCQX: AAWH) will host a second quarter 2026 earnings conference call on Wednesday, August 12, 2026 at 5:00 p.m. ET, following its financial results release. Investors can join via webcast on the AWH investor relations website or by dialing 1-888-699-1199. A replay will be available at 1-888-660-6345 (code 19509#) until 12:00 midnight ET on Wednesday, August 19, 2026.
Ascend Wellness Holdings (CSE: AAWH-U.CN, OTCQX: AAWH) has filed a definitive proxy with the SEC and called a virtual Special Meeting of stockholders for August 28, 2026 to vote on a reverse stock split of its Class A common shares.
The proposed amendment would authorize the Board to implement, or not implement, a Reverse Stock Split at a ratio between 1-for-10 and 1-for-50, tied to a planned application to list on a U.S. national securities exchange. No fractional shares would be issued; any fraction will be rounded up. The Board’s authority expires on the earlier of one year from the meeting date or a U.S. exchange listing.
The company states the Reverse Stock Split is intended to help its shares meet initial listing requirements, including minimum bid price, and may support institutional participation, while noting there is no assurance of a U.S. listing or a sustained price increase. As of the July 7, 2026 record date, there were 203,033,639 Class A shares outstanding, and approval requires a majority of all outstanding Class A shares. The Board unanimously recommends voting “FOR” the Reverse Stock Split and related adjournment proposal.