This State Exemplifies Ascend Wellness' Success Despite Cannabis Capital Shortage, CFO Says
Portfolio Pulse from Joana Scopel
Ascend Wellness Holdings, Inc. (OTC:AAWH) CFO, Dan Neville, highlighted the capital shortage in the cannabis industry during the Benzinga Cannabis Capital Conference. He noted that the situation is severe for both public and private multi-state operators (MSOs) in the capital-intensive industry. Neville predicts that the capital shortage will continue to fuel consolidation in the industry. Despite these challenges, Ascend Holdings plans to focus on smaller bolt-on M&A, with Maryland being a successful example of this strategy.
July 26, 2023 | 8:44 pm
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Ascend Wellness Holdings, Inc. is facing a capital shortage in the cannabis industry, which is expected to fuel consolidation. However, the company plans to focus on smaller bolt-on M&A, which has been a successful strategy in the past.
The capital shortage in the cannabis industry is a significant challenge for Ascend Wellness. However, the company's strategy of focusing on smaller bolt-on M&A could potentially mitigate some of the impacts of this shortage. This strategy has been successful in the past, as evidenced by their operations in Maryland.
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