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AWH Closes $9.3 Million Mortgage Financing on Three Ohio Properties

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Ascend Wellness Holdings (OTCQX: AAWH) has secured a $9.345 million mortgage loan from CF Bank, using three Ohio properties as collateral. The financing, effective September 12, 2025, features an 8.5% annual interest rate and matures in September 2030.

The mortgaged properties are located in Cincinnati, Sandusky, and Piqua, Ohio. This non-dilutive financing strengthens AWH's balance sheet and supports their operations in Ohio's cannabis market. AWH operates across seven states, including Illinois, Maryland, Massachusetts, Michigan, New Jersey, Ohio, and Pennsylvania, with vertically integrated cannabis operations.

Ascend Wellness Holdings (OTCQX: AAWH) ha assicurato un mutuo ipotecario di $9.345 milioni da CF Bank, utilizzando tre proprietà dell'Ohio come garanzia. Il finanziamento, effettivo dal 12 settembre 2025, prevede un tasso di interesse annuale dell’8,5% e scade a settembre 2030.

Le proprietà ipotecate si trovano a Cincinnati, Sandusky e Piqua, Ohio. Questo finanziamento non diluitivo rafforza il bilancio di AWH e sostiene le operazioni nel mercato delle cannabis in Ohio. AWH opera in sette stati, tra cui Illinois, Maryland, Massachusetts, Michigan, New Jersey, Ohio e Pennsylvania, con attività di cannabis verticalmente integrate.

Ascend Wellness Holdings (OTCQX: AAWH) ha asegurado un préstamo hipotecario de $9.345 millones de CF Bank, usando tres propiedades en Ohio como garantía. El financiamiento, vigente a partir del 12 de septiembre de 2025, presenta una tasa de interés anual del 8,5% y vence en septiembre de 2030.

Las propiedades hipotecadas se encuentran en Cincinnati, Sandusky y Piqua, Ohio. Este financiamiento no dilutivo fortalece el balance de AWH y respalda sus operaciones en el mercado de cannabis de Ohio. AWH opera en siete estados, incluidos Illinois, Maryland, Massachusetts, Michigan, New Jersey, Ohio y Pennsylvania, con operaciones de cannabis verticalmente integradas.

Ascend Wellness Holdings (OTCQX: AAWH)가 CF Bank로부터 $9.345백만의 모기지 대출을 확보했으며, 이를 담보로 오하이오의 세 곳의 부동산을 사용합니다. 2025년 9월 12일부로 발효되는 이 자금조달은 연이자율 8.5%을 특징으로 하며 2030년 9월에 만납합니다.

담보 부동산은 Cincinnati, Sandusky, Piqua, Ohio에 위치합니다. 이 비희석(funding) 대출은 AWH의 재무상태를 강화하고 오하이오 주의 대마초 시장에서의 운영을 지원합니다. AWH는 일리노이, 메릴랜드, 매사추세츠, 미시간, 뉴저지, 오하이오, 펜실베이니아 등 일곱 주에서 수직적으로 통합된 대마초 사업을 운영합니다.

Ascend Wellness Holdings (OTCQX: AAWH) a obtenu un prêt hypothécaire de 9,345 millions de dollars auprès de CF Bank, utilisant trois propriétés dans l’Ohio comme garantie. Le financement, en vigueur à partir du 12 septembre 2025, présente un taux d’intérêt annuel de 8,5 % et arrive à échéance en septembre 2030.

Les propriétés hypothéquées se situent à Cincinnati, Sandusky et Piqua, Ohio. Ce financement non dilutif renforce le bilan d’AWH et soutient ses opérations sur le marché des cannabis dans l’Ohio. AWH opère dans sept États, dont l’Illinois, le Maryland, le Massachusetts, le Michigan, le New Jersey, l’Ohio et la Pennsylvanie, avec des activités de cannabis intégrées verticalement.

Ascend Wellness Holdings (OTCQX: AAWH) hat von CF Bank ein Hypothekendarlehen über 9,345 Mio. USD erhalten und drei Immobilien in Ohio als Sicherheit verwendet. Die Finanzierung, wirksam ab dem 12. September 2025, weist einen jährlichen Zinssatz von 8,5 % auf und läuft im September 2030 ab.

Die belasteten Immobilien befinden sich in Cincinnati, Sandusky und Piqua, Ohio. Diese nicht verwässernde Finanzierung stärkt die Bilanz von AWH und unterstützt deren Betriebe im Cannabis-Mektor von Ohio. AWH ist in sieben Bundesstaaten tätig, darunter Illinois, Maryland, Massachusetts, Michigan, New Jersey, Ohio und Pennsylvania, mit vertikal integrierten Cannabis-Aktivitäten.

Ascend Wellness Holdings (OTCQX: AAWH) قد حصلت على تمويل رهن عقاري بقيمة 9.345 مليون دولار من CF Bank، باستخدام ثلاث عقارات في أوهايو كضمان. التمويل، الساري اعتباراً من 12 سبتمبر 2025، يتميز بمعدل فائدة سنوي قدره 8.5% ويستحق في سبتمبر 2030.

العقارات المرهونة تقع في سينسيناتي، ساندسكي وبكيو، أوهايو. هذا التمويل غير المخفِّض يعزز الميزانية العمومية لـ AWH ويدعم عملياتهم في سوق القنب في أوهايو. تعمل AWH عبر سبعة أولايات، بما فيها إلينوي، ماريلاند، ماساتشوستس، ميشيغان، نيوجيرسي، أوهايو وبنسلفانيا، مع عمليات قنب رأسي التكامل.

Ascend Wellness Holdings (OTCQX: AAWH) 已从 CF Bank 获得一笔 府9.345百万美元的抵押贷款,以三处俄亥俄州物业作为抵押。该融资自 2025年9月12日起生效,年利率为 8.5%,于 2030 年9月到期。

被抵押的物业位于 俄亥俄州的辛辛那提、桑达斯基和皮夸。此次非摊薄融资强化了 AWH 的资产负债表,并支持其在俄亥俄州大麻市场的运营。AWH 在包括伊利诺伊州、马里兰州、马萨诸塞州、密歇根州、新泽西州、俄亥俄州和宾夕法尼亚州在内的七个州开展垂直整合的大麻业务。

Positive
  • Secured $9.345 million in non-dilutive financing at competitive 8.5% interest rate
  • 5-year loan term provides long-term financial stability through 2030
  • Strengthens balance sheet while maintaining existing shareholder equity
  • Strategic expansion in Ohio market with three property locations
Negative
  • Additional debt obligation could impact future borrowing capacity
  • Properties are encumbered as collateral for the loan

NEW YORK, Sept. 30, 2025 /PRNewswire/ - Ascend Wellness Holdings, Inc. ("AWH" or the "Company") (CSE: AAWH.U) (OTCQX: AAWH), a leading multi-state, vertically integrated cannabis operator, entered into and closed, effective September 12, 2025, a $9,345,000 secured financing transaction with CF Bank, pursuant to which AWH mortgaged real estate on three properties in Ohio (the "Ohio Mortgage Loan"). The Ohio Mortgage Loan bears interest at a competitive 8.5% per annum and matures in September 2030. The Ohio Mortgage Loan is secured by real estate owned by AWH in Cincinnati, Sandusky and Piqua, Ohio.

"This transaction strengthens AWH's balance sheet and demonstrates our ability to execute non-dilutive, low cost of capital financing transactions," said Sam Brill, Chief Executive Officer of AWH. "With this attractive financing in place, AWH is well-positioned to serve patients and local communities in Ohio's emerging market while positioning for further growth opportunities and delivering value to our shareholders."

About Ascend Wellness Holdings, Inc.
AWH is a vertically integrated operator with assets in Illinois, Maryland, Massachusetts, Michigan, New Jersey, Ohio 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 Simply Herb, Ozone, Ozone Reserve, High Wired, Effin', Common Goods, and Royale branded products. For more information about AWH, 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", "may", "will", "anticipates", and "intends" or similar expressions are intended to identify forward-looking statements. Without limiting the generality of the preceding statement, all statements in this press release relating to estimated and projected revenue, expectations regarding production capacity, anticipated capital expenditures, expansion, profit, product demand, margins, costs, cash flows, sources of capital, growth rates, potential acquisitions, closing dates for transactions, regulatory approvals, future facility openings, and, enhancing shareholder value, reducing downward pressure on the stock, and future financial and operating results are forward-looking statements.

We caution investors that any such forward-looking statements are based on the Company's current projections and expectations about future events and financial trends, the receipt of all required regulatory approvals, and on certain assumptions and analysis made by the Company in light of the experience of the Company and 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 most recently filed Annual Report on Form 10-K, as updated in subsequently filed Quarterly Reports on Form 10-Q, as applicable, and in the Company's other reports and filings with the applicable Canadian securities administrators on its profile on SEDAR+ at www.sedarplus.ca and 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 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. No securities regulator nor the Canadian Securities Exchange has reviewed, approved, or disapproved the content of this press release.

View original content:https://www.prnewswire.com/news-releases/awh-closes-9-3-million-mortgage-financing-on-three-ohio-properties-302570329.html

SOURCE Ascend Wellness Holdings, Inc.

FAQ

What is the value and interest rate of AWH's new mortgage financing?

AWH secured a $9.345 million mortgage loan with an 8.5% annual interest rate from CF Bank.

Which properties are included in AWH's Ohio mortgage financing?

The mortgage financing covers AWH's properties in Cincinnati, Sandusky, and Piqua, Ohio.

When does AWH's new Ohio mortgage loan mature?

The Ohio mortgage loan matures in September 2030, providing a 5-year term.

How many states does Ascend Wellness Holdings operate in as of 2025?

AWH operates in seven states: Illinois, Maryland, Massachusetts, Michigan, New Jersey, Ohio, and Pennsylvania.

What is the purpose of AWH's $9.3M mortgage financing?

The financing aims to strengthen AWH's balance sheet and support their operations in Ohio's cannabis market through non-dilutive, low-cost capital.
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