AWH

AWH ANNOUNCES Q1 2024 FINANCIAL RESULTS

Retrieved on: 
Martedì, Maggio 7, 2024
Nature, Depreciation, Holiday, Growth, AWH, Cannabis, Acquisition, Adjustment, Operationalization, GAAP, G&A, Video game

Achieved $142.4M Net Revenue in Q1 2024, a 25% Increase Year-Over-Year and 2% Increase Quarter-Over-Quarter

Key Points: 
  • Achieved $142.4M Net Revenue in Q1 2024, a 25% Increase Year-Over-Year and 2% Increase Quarter-Over-Quarter
    Reported $32.5 million in Adjusted EBITDA, a 39% Increase Year-Over-Year
    NEW YORK, May 7, 2024 /PRNewswire/ - Ascend Wellness Holdings, Inc. ("AWH," or the "Company" or "Ascend") (CSE: AAWH.U) (OTCQX: AAWH), a vertically integrated multi-state cannabis operator focused on bettering lives through cannabis, today reported its financial results for the three months ended March 31, 2024 ("Q1 2024").
  • Financial results are reported in accordance with U.S. generally accepted accounting principles ("GAAP") and all currency is in U.S. dollars.
  • Opened two dispensaries in Q1 2024, in Cincinnati, Ohio and Monaca, Pennsylvania, bringing the total number of operating dispensaries across the network to 36.
  • ET to discuss its financial results for the quarter ended March 31, 2024.

AWH Applauds DEA on Decision to Move Cannabis from Schedule I to Schedule III

Retrieved on: 
Mercoledì, Maggio 1, 2024
Controlled Substances Act, HHS, Drug, Annual report, Federation, Federal, AWH, Cannabis, Patient, DEA, CSA, The Company

This change is a pivotal move that opens a multitude of opportunities to cannabis operators like Ascend and is the most progressive act of cannabis reform that we have seen in decades.

Key Points: 
  • This change is a pivotal move that opens a multitude of opportunities to cannabis operators like Ascend and is the most progressive act of cannabis reform that we have seen in decades.
  • As we navigate this transformative landscape, Ascend eagerly anticipates exploring further potentials, including the possibility of up-listing to major exchanges.
  • We celebrate this unprecedented decision and eagerly anticipate the benefits it will bring to all industry stakeholders, including patients, customers, employees, license holders, investors, and others."
  • Ascend looks forward to the next steps in the rescheduling process before the rule is made final.

IDTechEx Forecasts Metal-Organic Frameworks Market to Grow to US$685 Million by 2034

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Giovedì, Aprile 25, 2024
Carbon, Air conditioning, BASF, Framework, Heat, Water resources, Electricity, Membrane, Ventilation, Research, Water, HFC, Metal–organic framework, AWH, Kigali Amendment, CO2, Mining, HVAC, Growth, Players, Renewable energy

Despite challenges, the brand new IDTechEx report, " Metal-Organic Frameworks (MOFs) 2024-2034: Market, Technology, and Players ", predicts the MOFs market to reach US$685 million by 2034.

Key Points: 
  • Despite challenges, the brand new IDTechEx report, " Metal-Organic Frameworks (MOFs) 2024-2034: Market, Technology, and Players ", predicts the MOFs market to reach US$685 million by 2034.
  • BASF also disclosed to IDTechEx that it is working with several startups to upscale the production of a few other MOFs.
  • It provides market forecasts in terms of yearly mass demand and market value segmented by application.
  • For the full portfolio of advanced materials & critical minerals market research from IDTechEx, please visit www.IDTechEx.com/Research/AM .

IDTechEx Forecasts Metal-Organic Frameworks Market to Grow to US$685 Million by 2034

Retrieved on: 
Giovedì, Aprile 25, 2024
Carbon, Air conditioning, BASF, Framework, Heat, Water resources, Electricity, Membrane, Ventilation, Research, Water, HFC, Metal–organic framework, AWH, Kigali Amendment, CO2, Mining, HVAC, Growth, Players, Renewable energy

Despite challenges, the brand new IDTechEx report, " Metal-Organic Frameworks (MOFs) 2024-2034: Market, Technology, and Players ", predicts the MOFs market to reach US$685 million by 2034.

Key Points: 
  • Despite challenges, the brand new IDTechEx report, " Metal-Organic Frameworks (MOFs) 2024-2034: Market, Technology, and Players ", predicts the MOFs market to reach US$685 million by 2034.
  • BASF also disclosed to IDTechEx that it is working with several startups to upscale the production of a few other MOFs.
  • It provides market forecasts in terms of yearly mass demand and market value segmented by application.
  • For the full portfolio of advanced materials & critical minerals market research from IDTechEx, please visit www.IDTechEx.com/Research/AM .

AWH to Hold First Quarter 2024 Earnings Conference Call on Tuesday, May 7, 2024

Retrieved on: 
Lunedì, Aprile 8, 2024
The Company, AWH

NEW YORK, April 8, 2024 /PRNewswire/ - Ascend Wellness Holdings, Inc. ("AWH" or the "Company") (CSE: AAWH-U.CN) (OTCQX: AAWH), a leading multi-state, vertically integrated cannabis operator, today announced that it will hold a conference call on Tuesday, May 7, 2024, at 8:30 AM ET following the release of its first quarter 2024 financial results.

Key Points: 
  • NEW YORK, April 8, 2024 /PRNewswire/ - Ascend Wellness Holdings, Inc. ("AWH" or the "Company") (CSE: AAWH-U.CN) (OTCQX: AAWH), a leading multi-state, vertically integrated cannabis operator, today announced that it will hold a conference call on Tuesday, May 7, 2024, at 8:30 AM ET following the release of its first quarter 2024 financial results.
  • The earnings conference call may be accessed by dialing 1 (888) 390-0605.
  • A live webcast will also be available on the Investor Relations section of AWH website at https://awholdings.com/investors and will be archived for replay.

Ascend Wellness Holdings CEO, John Hartmann, Demonstrates Confidence in Company by Acquiring Stock

Retrieved on: 
Lunedì, Aprile 1, 2024
The Company, Growth, Acquisition, AWH, Renewable energy

Hartmann's purchase of AWH stock underscores his confidence in the Company's strategic direction, operational excellence, and commitment to delivering value to stockholders.

Key Points: 
  • Hartmann's purchase of AWH stock underscores his confidence in the Company's strategic direction, operational excellence, and commitment to delivering value to stockholders.
  • "My decision to acquire shares underscores my unwavering confidence in our team, our strategy, and the immense potential of the cannabis industry.
  • I believe strongly in the value we are creating for our stockholders and remain dedicated to driving sustainable growth, profitability and cashflow."
  • Hartmann's recent stock acquisition further reinforces the Company's commitment to delivering value and generating sustainable growth for its stockholders.

AWH Expands Reach in Pennsylvania with Third Dispensary

Retrieved on: 
Mercoledì, Marzo 13, 2024
The Company, Medicine, AWH, Patient, Sale, Ascend, ATM

Similar to the Company's other locations in Pennsylvania, in Scranton and Wayne, Ascend Monaca will be an outlet dispensary, offering everyday low pricing and a range of affordable products.

Key Points: 
  • Similar to the Company's other locations in Pennsylvania, in Scranton and Wayne, Ascend Monaca will be an outlet dispensary, offering everyday low pricing and a range of affordable products.
  • "Following our previous successes in Pennsylvania, this Monaca location allows a new medical community to access Ascend's top-selling and affordable products.
  • Boasting nine point-of-sale terminals, the dispensary will offer medical products and accept both cash and debit cards through provided cashless ATM terminals.
  • Patients must hold an active Pennsylvania medical marijuana card to purchase medical marijuana products at the dispensary.

AWH ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS

Retrieved on: 
Martedì, Marzo 12, 2024
The Company, Pressure, Growth, AWH, FY, Tunnel, Ratio, Sale, THCV, Acquisition, G&A, Capital, Nature, Cannabis, Economic problem, Ozone, GAAP, Depreciation, Tunnel vision, Total, Herb, Net income, Corporation, Video game

Q4 2023: Generated $16.7 million Cash from Operations in the quarter, representing the fourth quarter in a row the Company generated Cash from Operations.

Key Points: 
  • Q4 2023: Generated $16.7 million Cash from Operations in the quarter, representing the fourth quarter in a row the Company generated Cash from Operations.
  • Q4 2023 represented the fourth quarter in a row where the Company has experienced sequential growth in gross and net wholesale revenue.
  • Net loss attributable to AWH for Q4 2023 was $19.3 million during the quarter compared to $11.2 million in the prior quarter.
  • ET to discuss its financial results for the quarter and year ended December 31, 2023.

AWH Executes Definitive Agreement to Acquire its Second Cultivation License in Massachusetts

Retrieved on: 
Giovedì, Febbraio 22, 2024
AWH, The Company, Acquisition, Growth, Herb

NEW YORK, Feb. 22, 2024 /PRNewswire/ - Ascend Wellness Holdings, Inc. ("AWH," "Ascend" or the "Company") (CSE: AAWH.U) (OTCQX: AAWH), a multi-state, vertically integrated cannabis operator, proudly announces the execution of a definitive agreement to acquire its second cultivation license and associated operations in Massachusetts.

Key Points: 
  • NEW YORK, Feb. 22, 2024 /PRNewswire/ - Ascend Wellness Holdings, Inc. ("AWH," "Ascend" or the "Company") (CSE: AAWH.U) (OTCQX: AAWH), a multi-state, vertically integrated cannabis operator, proudly announces the execution of a definitive agreement to acquire its second cultivation license and associated operations in Massachusetts.
  • In the intervening period, AWH will operate the facility under an interim consulting agreement.
  • When combined with AWH's existing cultivation and production facility in Athol, Massachusetts, this move will elevate the Company's total cultivation space in the state to an impressive 70,000 sq.
  • The demand for additional supply is a direct result of our team's hard work and remarkable success in the Massachusetts market."

AWH to Hold Fourth Quarter and Full Year 2023 Earnings Conference Call on Tuesday, March 12, 2024

Retrieved on: 
Mercoledì, Gennaio 31, 2024
The Company, AWH

NEW YORK, Jan. 31, 2024 /PRNewswire/ - Ascend Wellness Holdings, Inc. ("AWH" or the "Company") (CSE: AAWH.U) (OTCQX: AAWH), a leading multi-state, vertically integrated cannabis operator, today announced that it will hold a conference call on Tuesday, March 12, 2024, at 8:30 AM ET following the release of its fourth quarter and full year 2023 financial results.

Key Points: 
  • NEW YORK, Jan. 31, 2024 /PRNewswire/ - Ascend Wellness Holdings, Inc. ("AWH" or the "Company") (CSE: AAWH.U) (OTCQX: AAWH), a leading multi-state, vertically integrated cannabis operator, today announced that it will hold a conference call on Tuesday, March 12, 2024, at 8:30 AM ET following the release of its fourth quarter and full year 2023 financial results.
  • The earnings conference call may be accessed by dialing 1 (888) 390-0605.
  • A live webcast will also be available on the Investor Relations section of AWH website at https://awholdings.com/investors and will be archived for replay.