Ascend Wellness Stock Price, News & Analysis

Ascend Wellness Holdings, Inc. (CSE: AAWH.U) has appointed T. Andrew Brown as president of AWH New York to enhance equity and access in the adult-use cannabis market. Leveraging over 35 years of legal experience, Brown aims to strengthen relationships with state officials and industry stakeholders, focusing on communities impacted by cannabis prohibition. AWH plans to invest in MedMen NY's medical cannabis operations and expand access to products. The company’s efforts align with social justice and economic benefits for New York residents.

Ascend Wellness Holdings (AAWH) partners with luxury brand Edie Parker to launch Flower pre-rolls in Massachusetts, with expansion to Illinois by early November. The pre-rolls are available at AWH's Boston location and through its statewide distribution network as of October 3. The 'Best Buds' twin packs feature three offerings: Early Bird (sativa), Happiest Hour (hybrid), and Nightcap (indica). This initiative aims to attract new customers and enhance the brand's presence in the cannabis market, combining luxury aesthetics with premium cannabis products.

Ascend Wellness Holdings (CSE: AAWH.U; OTCQX: AAWH) has completed the acquisition of BCCO, LLC, a medical dispensary in Carroll, Ohio. Additionally, the company has entered into a definitive agreement to acquire Ohio Cannabis Clinic, LLC in Coshocton, Ohio. CEO Abner Kurtin emphasized the strategic moves to expand in the growing Ohio market, which is poised for adult-use cannabis legislation. The Ohio medical cannabis market is expected to grow from $200 million in 2020 to approximately $600 million by 2025. These acquisitions position AWH for long-term growth and disciplined capital allocation.

Ascend Wellness Holdings (CSE: AAWH.U, OTCQX: AAWH), a leading cannabis operator, will participate in four key upcoming events. CEO Abner Kurtin is scheduled for a fireside chat at the BTIG Inaugural Cannabis Conference on September 29, 2021, and will also attend the Viridian Capital Cannabis Expert Series on October 1. Investor meetings will be held at the A.G.P. Virtual Fall Consumer Cannabis Conference on October 5, and at the Benzinga Cannabis Capital Conference on October 14, where key executives will present.

Ascend Wellness Holdings (CSE: AAWH.U, OTCQX: AAWH) has announced reaching a significant milestone of $1 million in contributions to the Last Prisoner Project (LPP). This was achieved through a customer donation program, which includes a company match of $500,000. Initially, AWH committed to raise $250,000 in July 2020 and later doubled its goal to $1 million. AWH will continue the donation initiative without a cap, reinforcing its commitment to cannabis criminalization reform and social justice.

Ascend Wellness Holdings (CSE: AAWH.U, OTCQX: AAWH) announced participation in four key conferences in September 2021. Co-Founder & CEO Abner Kurtin and CFO Dan Neville will engage with investors through various formats, including one-on-one meetings and fireside chats. Notable events include the Beacon Securities Virtual Cannabis Conference on September 9, the Needham 2nd Virtual Cannabis Conference on September 14, the Echelon US Cannabis Conference on September 22, and the BTIG Inaugural Cannabis Conference on September 29. For details, contact AWH's Investor Relations.

Ascend Wellness Holdings reported Q2 2021 net revenue of $83.4 million, a 26.1% increase quarter-over-quarter. Total gross revenue reached $97.5 million, rising 28.5% from the previous quarter and 236.2% year-over-year. Adjusted EBITDA improved to $20.3 million, marking a 28.3% increase. However, the company faced a net loss of $44.9 million, primarily due to a non-cash interest expense related to its IPO. AWH has increased its full-year net revenue guidance to a range of $330-$350 million.

Ascend Wellness Holdings (CSE: AAWH.U, OTCQX: AAWH) has announced a conference call scheduled for August 10, 2021, at 5:00 PM ET, to discuss its Q2 2021 financial results. The call will follow the release of its earnings after market close. Investors can access the call by dialing 1 (888) 390-0605 using conference ID 22159427, or through a live audio webcast available on the AWH website. A replay will be available until August 17, 2021. AWH operates in several states, including Illinois and New Jersey.

Ascend Wellness Holdings announced its qualification to trade on the OTCQX Best Market, effective July 14. The company's shares will trade under the symbol AAWH, expanding access for U.S. retail and institutional investors. CEO Abner Kurtin emphasized AWH's commitment to high-quality operations and transparency, being the first U.S. MSO to complete an SEC-registered IPO with GAAP financials. Recent initiatives include strategic licensing agreements and the launch of a flagship dispensary in New Jersey, enhancing AWH's market presence and product offerings.