AWH ANNOUNCES Q3 2023 FINANCIAL RESULTS
Achieved $141.3M Net Revenue in Q3 2023, a 27.0% Increase Year-Over-Year and 14.9% Increase Quarter-Over-Quarter
- Achieved $141.3M Net Revenue in Q3 2023, a 27.0% Increase Year-Over-Year and 14.9% Increase Quarter-Over-Quarter
Reported $29.5 million in Adjusted EBITDA, a 38.5% Quarter-Over-Quarter Improvement
Generates $24 million in Cash from Operations1; Positive for Third Consecutive Quarter
Generates $13 million in Free Cash Flow1; First Quarter Positive
NEW YORK, Nov. 7, 2023 /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 ending September 30, 2023 ("Q3 2023"). - Financial results are reported in accordance with U.S. generally accepted accounting principles ("GAAP") and all currency is in U.S. dollars.
- Total Q3 2023 general and administrative ("G&A") expenses were $40.0 million, compared to $36.3 million in the prior quarter.
- ET to discuss its financial results for the quarter ended September 30, 2023.