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Multi-State Cannabis Operators To Sue Federal Government Over Marijuana Prohibition
Tuesday, May 31, 2022 - 2:55pm | 262The Federal Government could be sued by a coalition of multi-state operators (MSOs) in the cannabis industry, reported Marijuana Moment last Friday. The coalition says it will sue the Feds because they believe that its marijuana policies are unconstitutional. Abner Kurtin, founder...
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Ascend Wellness Reports Q4 and 2021 Results: Total Revenues Increased 135% YoY
Tuesday, March 8, 2022 - 7:28pm | 616Ascend Wellness Holdings, Inc. (CSE:AAWH) (OTCQX: AAWH), a vertically integrated multi-state cannabis operator, reported its financial results late Tuesday for the fourth quarter and full-year ended December 31, 2021. "2021 was a year marked by record sales and the achievement of...
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Cannabis Earnings: Ascend Wellness Q3 Revenue Increases 13% Sequentially to $94 Million
Thursday, November 11, 2021 - 9:18pm | 618Ascend Wellness Holdings, Inc. (CSE: AAWH.U) (OTCQX: AAWH), a vertically integrated multi-state cannabis operator, reported its financial results on Thursday for Q3 2021, which ended September 30, 2021. Q3 2021 Financial Highlights Gross Revenue: Total revenue of $105.0 million increased...
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Ascend Wellness Holdings Plans To Raise $80M Via IPO, Debut On CSE, OTCQX Best Market
Thursday, April 29, 2021 - 10:54am | 307Vertically integrated cannabis company Ascend Wellness Holdings, Inc. is poised to go public through an initial public offering of some 10 million shares of its Class A common stock at $8 per share. The New York-based company said Wednesday that underwriters will have a month to buy up to an...
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REIT To Set Up Cannabis Cultivation Facility In Massachusetts Via $27M Deal
Friday, April 3, 2020 - 12:35pm | 325Cannabis-focused real estate company Innovative Industrial Properties Inc. (NYSE: IIPR) said Thursday it has finalized its $26.8 million acquisition of an Athol, Massachusetts-based property. The acquired property spans about 199,000 square-feet of industrial space. Innovative...
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Seed Funding: 8 Cannabis Companies Looking For Investors
Wednesday, February 26, 2020 - 5:40pm | 1132Cannabis 10x, a company that helps investors and companies find each other, hosted a round of investor pitches on the second day of the Benzinga Cannabis Capital Conference in Miami Beach. Kadenwood Consumer brands will win the cannabis space in the long run, said Kadenwood CEO Erick Dickens...
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Ascend Wellness Obtains Provisional License For Boston Dispensary
Friday, January 10, 2020 - 3:35pm | 252Vertically-integrated cannabis company, Ascend Wellness Holdings said Thursday its subsidiary, Ascend Mass, obtained provisional license from the Massachusetts Cannabis Control Commission for its dispensary. The company said this will be the biggest dispensary on the East Cost, and the first...
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Ascend Wellness Founder On $28M Raise: 'Hardest Capital Raising Environment I Have Ever Seen - Including 2008 Market Crash'
Sunday, December 22, 2019 - 10:57am | 185Ascend Wellness Holdings (AWH), a multi-state, vertically integrated cannabis operator, recently announced a raise of over $28 million. The round, subscribed by cannabis sector funds, a European fund, and other strategic investors, will help grow AWH’s cultivation and retail footprints across...
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Innovative Industrial Properties Provides Additional $8M To Ascend Wellness Subsidiary
Monday, September 9, 2019 - 12:37pm | 399Cannabis-focused real estate company Innovative Industrial Properties, Inc. (NYSE: IIPR) said Monday it has entered into an amendment of a lease with a subsidiary of Ascend Wellness Holdings, providing an extra $8 million in funding. The funding will support further development of Ascend...