-
Ascend Wellness Holdings Terminates Both CEO And CFO, Replaces Management
Tuesday, August 27, 2024 - 1:22pm | 522Ascend Wellness Holdings (OTC:AAWH) announced it has terminated both its chief executive officer and chief financial officer. Effective immediately, the company has terminated John Hartmann as CEO and Mark Cassebaum as CFO and appointed Samuel Brill, a board member as the new CEO. Brill has been...
-
Ascend Wellness Appoints High-Profile Executives, Expects Record Revenue In Q3
Wednesday, October 25, 2023 - 12:43pm | 716Vertically integrated cannabis operator Ascend Wellness Holdings, Inc. (CSE: AAWH.U) (OTCQX: AAWH) announced on Wednesday its preliminary third quarter 2023 financial results and updates to its leadership team. Following a preliminary, unaudited review, the company is expecting the following:...
-
Ascend Wellness Q2 Net Revenue Grows 26.1% YoY, What About Income?
Wednesday, August 9, 2023 - 9:25am | 435Ascend Wellness Holdings, Inc. (OTCQX: AAWH) (CSE: AAWH.U) released its financial results for the three months ending June 30, 2023, revealing net revenue, which excludes intercompany sales of wholesale products, increased 26.1% year-over-year and 7.7% quarter-over-quarter to $123.0 million. Q2...
-
Positive Cash Flow Marks Significant Milestone For This Multi-State Cannabis Operator
Wednesday, May 10, 2023 - 11:23am | 406Ascend Wellness Holdings, Inc. (OTC: AAWH), a vertically integrated, multi-state cannabis operator, reported record-breaking quarterly revenue of $114.2 million for Q1 2023, a 34.2% YoY increase, and a 1.9% QoQ increase. Gross revenue hit $141.2 million, up 39.5% YoY. Positive cash flow was...
-
Cannabis Sales In New Jersey And Massachusetts Drove Ascend Wellness Net Revenue Growth In 2022
Wednesday, March 15, 2023 - 7:51am | 505Ascend Wellness Holdings, Inc. (OTCQX: AAWH) (CSE:AAWH.U) net revenue in 2022, which excludes intercompany sale of wholesale products, increased 22.1% year-over-year to $405.9 million, driven by an increase in retail sales, particularly in New Jersey, and an increase in third party wholesale sales...
-
Ascend Wellness To Acquire Four Maryland Cannabis Dispensaries
Thursday, January 26, 2023 - 8:37am | 396Ascend Wellness Holdings, Inc. (OTCQX: AAWH) (CSE:AAWH.U) entered into a definitive agreement to acquire the Maryland assets of Devi Holdings, Inc., which owns and operates four licensed dispensaries in Aberdeen, Crofton, Ellicott City, and Laurel under the names Nature's Medicines and True...
-
Ascend Wellness Reports Q3 Revenue Increases 14% Sequentially To $111M
Thursday, November 10, 2022 - 6:05pm | 557Ascend Wellness (OTC: AAWH) reported its financial results for the three months ending September 30, 2022 Q3 2022 Financial Highlights Gross revenue increased 14.1% quarter-over-quarter and increased 27.8% year-over-year to $134.3 million. Net revenue increased...
-
Ascend Wellness Ends Deals For MedMen NY, Focus Turns To New Jersey Expansion
Friday, August 19, 2022 - 9:26am | 711Ascend Wellness Holdings, Inc. (OTCQX: AAWH) (CSE:AAWH.U) and MedMen NY, Inc., and MM Enterprises USA, LLC (OTCQX: MMNFF) recently signed a term sheet agreeing to settle their lawsuit in the Commercial Division of the Supreme Court of the State of New York in New York County. AWH was suing MedMen...
-
Ascend Wellness Revenue Increases Sequentially Capitalizing On Adult Use Cannabis Sales In New Jersey
Tuesday, August 16, 2022 - 9:58am | 811Ascend Wellness Holdings, Inc. (OTCQX: AAWH) (CSE: AAWH.U) released its financial results for the three months ended June 30, 2022, revealing gross revenue increased 16.2% quarter-over-quarter and increased 20.7% year-over-year, to $117.7 million. Q2 2022 Financial Highlights Net revenue, which...
-
Ascend Wellness Shares Purchased By Every Independent Director On The Board Of Directors
Friday, July 8, 2022 - 9:19am | 350Ascend Wellness Holdings, Inc. (OTCQX: AAWH) (CSE:AAWH.U), a multi-state, vertically integrated cannabis operator, revealed that directors, Emily Paxhia, Scott Swid and Joseph Hinrichs, each made individual purchases of class A common shares in the open market totaling 60,352 shares between July...
-
Ascend Wellness Shares Bought By CEO And Co-Founder Owned AGP
Wednesday, July 6, 2022 - 8:24am | 426On July 1st AGP Partners, LLC, purchased 50,000 of class A common shares of Ascend Wellness Holdings, Inc (OTCQX: AAWH) (CSE:AAWH.U) in the open market for $2.05 per share followed by the purchase of 1,100 class A common shares for $1.90 per share on July 4th. AGP is an entity through which Abner...
-
Multi-State Cannabis Operators To Sue Federal Government Over Marijuana Prohibition
Tuesday, May 31, 2022 - 2:55pm | 262The Federal Government could be sued by a coalition of multi-state operators (MSOs) in the cannabis industry, reported Marijuana Moment last Friday. The coalition says it will sue the Feds because they believe that its marijuana policies are unconstitutional. Abner Kurtin, founder...
-
Ascend Wellness Net Revenue Increased +28% YoY, Q1 2022 Financial Results And MedMen Settlement
Wednesday, May 11, 2022 - 5:59pm | 875Ascend Wellness Holdings, Inc. (CSE: AAWH.U) (OTCQX: AAWH), a vertically integrated multi-state cannabis operator, on Wednesday, reported its financial results for the three months ended March 31, 2022. Q1 2022 Financial Highlights Gross revenue of $101.2 million decreased 0.8% quarter-over-...
-
Ascend Wellness Signs Term Sheet To Settle Lawsuit With MedMen & Buy Its NY Operations For $88M
Wednesday, May 11, 2022 - 8:28am | 560Ascend Wellness Holdings, Inc. (CSE:AAWH.U) (OTCQX: AAWH) has signed a term sheet to resolve its lawsuit against MedMen NY, Inc. and MM Enterprises USA, LLC (CSE:MMEN) (OTCQX: MMNFF) in the Commercial Division of the Supreme Court of the State of New York in New York County. Pursuant to the term...
-
Curaleaf, Columbia Care, TerrAscend And Others Ready To Roll In New Jersey
Thursday, April 21, 2022 - 2:53pm | 1356New Jersey legal recreational cannabis sales finally started. Now, the question is: Who will celebrate more? Consumers or marijuana operators? It looks like it’s a tie, considering that it has been some 17 months and multiple setbacks since New Jerseyans decided to...