Ascend Wellness Appoints High-Profile Executives, Expects Record Revenue In Q3
Portfolio Pulse from Jelena Martinovic
Ascend Wellness Holdings, Inc. (OTCQX:AAWH) has announced its preliminary Q3 2023 financial results, expecting record revenue for the 6th consecutive quarter, with net revenue up nearly 15% sequentially to approximately $140 million. The company also announced key leadership changes, including the appointment of Mark Cassebaum as CFO. AAWH's shares traded 0.0118% higher at $0.85 per share after the market close on Tuesday.
October 25, 2023 | 4:43 pm
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Ascend Wellness expects record Q3 2023 revenue and announced key leadership changes. The company's shares traded slightly higher after the announcement.
The company's expectation of record revenue for the 6th consecutive quarter and the announcement of key leadership changes, including the appointment of a new CFO, are positive indicators for the company's performance. This likely contributed to the slight increase in the company's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100