Streetbeat News

AAWH

Ascend Wellness Holdings Inc.

Employees

1,500

Industry

Medicinal and Botanical Manufacturing

Open

0.50

Mkt cap

108M

Volume

248K

High

0.51

P/E Ratio

-1.37

52-wk high

1.82

Low

0.42

Div yield

N/A

52-wk low

0.42

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

The election of Donald Trump as president raises concerns about the future of cannabis reform, which could impact marijuana stocks. Investors are worried that Trump may not pursue federal cannabis reform as aggressively as Kamala Harris might have, despite the fact that more than half of the U.S. has legalized cannabis.

Portfolio Pulse from

November 06, 2024 | 2:30 pm

Microsoft shares rise as the company reports better-than-expected Q1 2025 GAAP EPS and sales.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:05 pm

A federal appellate court will hear a case challenging the U.S. government's prohibition on marijuana, filed by Verano Holdings and other cannabis businesses. The case argues that federal prohibition is unconstitutional given state-regulated cannabis activities. The hearing is set for December 5.

Portfolio Pulse from Juan Spínelli

October 25, 2024 | 3:35 am

Ascend Wellness Holdings has launched a new edibles-only brand, Effin’, focusing on specific effects through THC and minor cannabinoids. The brand debuted in Massachusetts and Illinois, with a New Jersey launch planned. Ascend's shares rose 3.21% following the announcement.

Portfolio Pulse from Jelena Martinovic

October 17, 2024 | 5:45 pm

AFC Gamma, Inc. (NASDAQ:AFCG) and Ascend Wellness Holdings, Inc. (OTCQX:AAWH) are set to report their Q3 2024 earnings in November. AFC Gamma, a leading cannabis lender, has shown growth with new deals and declared dividends. Ascend Wellness reported strong Q2 growth and recently underwent leadership changes.

Portfolio Pulse from Jelena Martinovic

October 15, 2024 | 4:18 pm

Massachusetts cannabis regulators fined Ascend Wellness Holdings and Curaleaf Holdings a total of $165,000 for safety violations. Ascend was fined $85,000 for track-and-trace compliance issues, while Curaleaf was fined $80,000 for contamination prevention failures. Both companies have committed to corrective measures.

Portfolio Pulse from Nicolás Jose Rodriguez

October 13, 2024 | 7:16 pm

The International Brotherhood of Teamsters has added 50,000 new members in under three years, partly due to growth in the cannabis industry. The union has successfully organized workers across the cannabis supply chain, including at companies like Cresco Labs and Ascend Cannabis. This expansion reflects a broader trend of workers seeking union representation for better wages and conditions.

Portfolio Pulse from Rolando García

October 03, 2024 | 10:33 pm

Banzai has been granted an extension by the Nasdaq Hearing Panel to regain compliance with listing requirements.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 12:34 pm

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