Streetbeat News

AAWH

Ascend Wellness Holdings Inc.

Employees

1,500

Industry

Medicinal and Botanical Manufacturing

Open

0.39

Mkt cap

83M

Volume

779

High

0.39

P/E Ratio

-0.94

52-wk high

1.82

Low

0.38

Div yield

N/A

52-wk low

0.33

The U.S. cannabis industry is expanding, with legal sales surpassing $33.6 billion in 2023 and projected to reach $71 billion by 2030. State-level legalization, such as in Pennsylvania and Ohio, is boosting investor optimism. However, marijuana penny stocks remain volatile, requiring careful analysis.

Portfolio Pulse from

February 09, 2025 | 3:15 pm

The cannabis sector is experiencing low-end volatility, making it challenging for investors to find gains. Despite this, businesses within the sector are performing well.

Portfolio Pulse from

January 15, 2025 | 3:00 pm

Ascend Wellness Holdings has successfully closed a $15 million private placement of 12.75% Senior Secured Notes due 2029, adding to its previous $235 million issuance.

Portfolio Pulse from

January 14, 2025 | 1:15 pm

Ascend Wellness Holdings has entered into an agreement with Seaport Global Securities to issue $15 million in senior secured notes, adding to their existing $235 million notes due in 2029.

Portfolio Pulse from

January 11, 2025 | 12:30 am

Ascend Wellness Holdings has announced a share buyback program authorized by its Board of Directors. This move is aimed at enhancing shareholder value.

Portfolio Pulse from

December 27, 2024 | 10:15 pm

Ascend Wellness Holdings has completed the repurchase and cancellation of 11 million shares of its Class A common stock, representing over 5% of its outstanding shares. The company also received consent from its term loan holders to repurchase up to $5 million of its common shares.

Portfolio Pulse from

December 17, 2024 | 10:15 pm

The US cannabis industry is poised for significant growth, with expectations to surpass $40 billion by 2030. Investors should consider marijuana stocks, but remain cautious due to market volatility. Monitoring regulatory changes and earnings reports is crucial for informed decisions.

Portfolio Pulse from

December 10, 2024 | 3:15 pm

The article discusses the potential for future gains in marijuana stocks, emphasizing the importance of preparation and understanding the basics of investing due to the sector's volatility. It suggests that while long-term gains are the focus, short-term profits are also possible.

Portfolio Pulse from

December 06, 2024 | 2:45 pm

Ascend Wellness Holdings, Inc (OTCQX:AAWH) held its Q3 2024 earnings call, discussing financial results and company updates. Key participants included executives and analysts from various financial institutions.

Portfolio Pulse from

November 12, 2024 | 7:30 pm

Ascend Wellness Holdings, Inc. (AAWH) reported a Q3 loss of $0.13 per share, missing the Zacks Consensus Estimate of a $0.10 loss. This is a larger loss compared to $0.05 per share a year ago.

Portfolio Pulse from

November 12, 2024 | 2:30 pm

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