Welcome to our dedicated page for Ascend Wellness news (Ticker: AAWH), a resource for investors and traders seeking the latest updates and insights on Ascend Wellness stock.
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 (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.
Ascend Wellness Holdings, Inc. (CSE: AAWH.U) has announced its qualification to trade on the OTCQX Best Market, effective July 14, 2021. This development is aimed at attracting a broader base of retail and institutional investors in the U.S. The company prides itself on its high-quality, strategically located operations and flagship retail locations. AWH has also completed an SEC registered IPO with GAAP financials. Recent highlights include a strategic licensing agreement and the launch of a flagship dispensary in New Jersey.