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Earnings Season Looms Large: Here's When Leading Marijuana Lender And This Cannabis Company Will Report Results
Tuesday, October 15, 2024 - 12:18pm | 571AFC Gamma AFC Gamma, Inc. (NASDAQ:AFCG) will report earnings for the quarter ended Sept. 30, 2024 on Wednesday, Nov. 13, 2024. The West Palm Beach, Florida-based company will host a conference call to discuss its quarterly financial results at 10:00 am ET the same day. AFC Gamma is one of the...
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Ascend Wellness Holdings Terminates Both CEO And CFO, Replaces Management
Tuesday, August 27, 2024 - 1:22pm | 522Ascend Wellness Holdings (OTC:AAWH) announced it has terminated both its chief executive officer and chief financial officer. Effective immediately, the company has terminated John Hartmann as CEO and Mark Cassebaum as CFO and appointed Samuel Brill, a board member as the new CEO. Brill has been...
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Meet The Two Cannabis Companies That Plan To Boost Each Other's Reach In New Markets
Monday, August 12, 2024 - 3:50pm | 426Vertically integrated cannabis company Curio Wellness and Ascend Wellness Holdings (CSE:AAWH) (OTCQX:AAWH) have teamed up to expand each other's nationwide reach, Under a strategic manufacturing and distribution partnership, Ascend agreed to manufacture and distribute Curio Wellness’ industry...
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Cannabis Stocks Surge With Ohio's Recreational Sales Kickoff And Strong Earnings Reports
Tuesday, August 6, 2024 - 6:49pm | 685Cannabis stocks surged following the beginning of recreational cannabis sales in Ohio on Tuesday, with significant earnings boosts reported by key industry players. The start of legal adult-use cannabis sales in Ohio has provoked an impressive uptick in cannabis stocks. Notably, the AdvisorShares...
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Ascend Wellness: Q2 'Solid Growth' But Did Not Meet Expectations, Net Loss Reaches $22M, Revises Full Year Guidance
Monday, August 5, 2024 - 8:17am | 706Ascend Wellness (CSE:AAWH) (OTCQX:AAWH) reported its financial results for the three months ended June 30, 2024, revealing revenue of $141.54 million, compared to $122.99 million in the same period of 2023. “As I reflect on the quarter, I am grateful to our stakeholders, including our valued...
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Ascend Wellness To Issue $235M Of Senior Secured Notes To Prepay $215M Under Term Loan
Monday, July 15, 2024 - 11:43am | 532New York-headquartered cannabis company Ascend Wellness Holdings, Inc. (OTCQX:AAWH) has received commitments for a private placement of $235 million of its 12.75% senior secured notes due 2029. Ascend plans to use the net proceeds of the notes, together with cash on hand, to prepay $215 million of...
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Ascend Wellness Reports 5th Consecutive Quarter Of Positive Cash Flow While Net Debt Remains Around $238M
Tuesday, May 7, 2024 - 8:52am | 636New York-headquartered cannabis company, Ascend Wellness Holdings, Inc. (CSE:AAWH) (OTCQX:AAWH) reported its financial results Tuesday for the first quarter ended March 31, 2024 disclosing revenue of $142.4 million, up by 24.7% year-over-year, and 1.6% sequentially. “I want to extend my...
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Marijuana Consumers Are Dealing With Information Overload, Experts At Benzinga Cannabis Conference Discuss Improving Retail Experience
Tuesday, April 23, 2024 - 12:16pm | 901"That menu is certainly critical," John Hartmann CEO of Ascend Wellness Holdings (OTC:AAWH) said to those gathered at the Benzinga Cannabis Capital Conference in Florida on April 16-17 in a conversation about how to best attract retail consumers. "They’re looking for variety in...
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Cannabis Acquisitions Pay Off: MSO Ascend Wellness Q4 Revenue Jumps 25% YoY To $140M
Tuesday, March 12, 2024 - 8:51am | 654Multi-state cannabis operator Ascend Wellness (CSE:AAWH) (OTCQX:AAWH) reported its financial results Tuesday for the fourth quarter and full year, revealing quarterly revenue of $140.2 million, down by 0.8% quarter-over-quarter and up by 25% year-over-year. “AWH had an excellent quarter and...
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Could This Big Multistate Cannabis Company Take Over The Massachusetts Cannabis Market? Latest Acquisition Hints At Intentions
Tuesday, March 5, 2024 - 6:51pm | 733John Hartmann, CEO of Ascend Wellness Holdings Inc (OTC:AAWH), is gearing up to share his industry expertise at the Benzinga Cannabis Capital Conference on April 16 and 17. He will delve into optimizing retail experiences to align with cannabis consumers’ dynamic expectations,...
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Ascend Wellness Appoints High-Profile Executives, Expects Record Revenue In Q3
Wednesday, October 25, 2023 - 12:43pm | 716Vertically integrated cannabis operator Ascend Wellness Holdings, Inc. (CSE: AAWH.U) (OTCQX: AAWH) announced on Wednesday its preliminary third quarter 2023 financial results and updates to its leadership team. Following a preliminary, unaudited review, the company is expecting the following:...
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Ascend Wellness Q2 Net Revenue Grows 26.1% YoY, What About Income?
Wednesday, August 9, 2023 - 9:25am | 435Ascend Wellness Holdings, Inc. (OTCQX: AAWH) (CSE: AAWH.U) released its financial results for the three months ending June 30, 2023, revealing net revenue, which excludes intercompany sales of wholesale products, increased 26.1% year-over-year and 7.7% quarter-over-quarter to $123.0 million. Q2...
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AWH To Secure $7M Via Private Placement
Friday, June 16, 2023 - 8:55am | 398Ascend Wellness Holdings, Inc. (OTCQX: AAWH) (CSE:AAWH.U) announced that the company intends to complete a private placement offering, which will raise an aggregate of $7 million in equity financing. Under the terms of the private placement, the company intends to sell an aggregate of 9.9 million...
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La Mota Attorney Resigns From Oregon Cannabis Association, Four New CEOs & More Industry Appointments
Friday, May 12, 2023 - 9:29am | 1124La Mota's Attorney Resigns From Oregon Cannabis Association Amy Margolis, attorney for the La Mota dispensary chain whose owners are under scrutiny from multiple state agencies, is taking a hiatus from her position as executive director of the Oregon Cannabis...