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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. (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.
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4.39%
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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.
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3.2%
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A coalition of U.S. cannabis operators and investors has filed a lawsuit against U.S. Attorney General Merrick Garland, seeking to prevent the federal government from enforcing the Controlled Substances Act on state-regulated cannabis businesses. The lawsuit aims to confirm the rights of states to regulate cannabis and limit the federal government's power to interfere. The lawsuit argues that the federal criminalization of intrastate cannabis is unconstitutional and unfair to small businesses.
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4.69%
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Ascend Wellness Holdings, Inc. will hold a conference call on November 7, 2023, following the release of its third quarter 2023 financial results.
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Ascend Wellness Holdings Inc.

OTC:AAWH

AAWH Rankings

AAWH Stock Data

255.49M
133.74M
30.96%
8.49%
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