AWH To Secure $7M Via Private Placement
Portfolio Pulse from Vuk Zdinjak
Ascend Wellness Holdings (OTCQX:AAWH) plans to raise $7 million through a private placement offering, selling 9.9 million shares of class A common stock at $0.71 per share. The proceeds will be used to pursue acquisitions in the cannabis industry.
June 16, 2023 | 12:55 pm
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Ascend Wellness Holdings plans to raise $7 million through a private placement offering to pursue acquisitions in the cannabis industry.
The private placement will provide Ascend Wellness Holdings with additional capital to pursue acquisitions in the cannabis industry. This could potentially lead to growth and expansion, which may positively impact the company's stock price in the short term.
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