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

Cannabis sales are thriving in North Carolina's only legal recreational marijuana store, Great Smoky, operated by Qualla Enterprises. In Florida, Trulieve Cannabis Corp. and Green Thumb Industries Inc. are expanding their retail presence amid discussions on legalizing recreational cannabis. Verano Holdings Corp. is also increasing its footprint in Florida. These expansions reflect the growing cannabis market in the U.S.

Portfolio Pulse from Jelena Martinovic

September 23, 2024 | 8:01 pm

Viridian Capital introduces new metrics for evaluating cannabis MSOs, focusing on Total Liabilities/Market Cap and adjusted net debt including leases and taxes. This approach aims to provide a more accurate financial picture than traditional Debt/EBITDA ratios.

Portfolio Pulse from Viridian Capital Advisors

September 23, 2024 | 5:36 pm

Michigan's cannabis sales reached a record $295.4 million in August, with recreational sales dominating. The state's cannabis industry hit a $3.06 billion milestone in 2023, with projections of $3.32 billion for 2024. Companies like Ascend Wellness, Grown Rogue, TerrAscend, and Red White & Bloom are key players in this market.

Portfolio Pulse from Jelena Martinovic

September 12, 2024 | 12:37 pm

The cannabis and psychedelics industries are experiencing significant leadership changes. Maryland's Cannabis Chief, Will Tilburg, is resigning after overseeing a successful transition to adult-use cannabis with $1.1 billion in sales. In Massachusetts, a legal battle involving the Cannabis Control Commission continues. Companies like 1933 Industries, Cybin Inc., and Ascend Wellness Holdings are undergoing board and executive changes.

Portfolio Pulse from Jelena Martinovic

September 06, 2024 | 6:23 pm

Ascend Wellness Holdings has fired its CEO and CFO, appointing Samuel Brill as the new CEO and Roman Nemchenko as the new CFO. The leadership change aims to realign the company's strategy and address performance challenges. Ascend recently reported a 15% increase in Q2 2024 revenue but also a net loss.

Portfolio Pulse from Rolando García

August 27, 2024 | 5:22 pm

The Benzinga Cannabis Capital Conference will take place in Chicago on October 8-9, 2024, gathering key cannabis industry leaders and investors. The event will feature expert panels, networking opportunities, and discussions on cannabis legalization and market opportunities. Notable speakers include leaders from Verano Holdings, Cresco Labs, Organigram, and more.

Portfolio Pulse from Javier Hasse

August 26, 2024 | 4:23 pm

The U.S. Cultivation & Retail cannabis sector is experiencing increased debt issuance in H2:24, primarily for refinancing activities. Companies like Ascend, Jushi, and Terrascend have secured attractive rates despite high debt levels. The effective cost of debt has decreased significantly, and further tightening of spreads is anticipated.

Portfolio Pulse from Viridian Capital Advisors

August 26, 2024 | 2:50 pm

Cannabis companies are expanding their retail presence in Florida and Ohio, with Curaleaf, Planet 13, and Trulieve opening new dispensaries in Florida, and Ascend Wellness and Ethos Cannabis expanding in Ohio. High Tide celebrates a milestone with its Cabana Club loyalty program in Canada.

Portfolio Pulse from Jelena Martinovic

August 19, 2024 | 7:40 pm

The cannabis credit markets are seeing major refinancings with companies like Ascend, TerrAscend, and Jushi. The article emphasizes the importance of monitoring the Total Liabilities to Market Cap ratio as an early warning sign of credit difficulties. This metric is more responsive to market changes than Debt/EBITDA and is crucial for assessing financial flexibility and default risk.

Portfolio Pulse from Viridian Capital Advisors

August 19, 2024 | 5:44 pm

Ohio's adult-use cannabis market generated $11.5 million in its first week, with major players like Ascend Wellness Holdings Inc (OTC:AAWH) and Verano Holdings Corp. (OTC:VRNOF) reporting significant sales increases. The state is projected to reach nearly $1.3 billion in annual revenue from combined medical and adult-use sales.

Portfolio Pulse from Franca Quarneti

August 16, 2024 | 12:09 am

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