[PRESS RELEASE] – NEW YORK, Sept. 30, 2025 – Ascend Wellness Holdings Inc. (AWH), a leading multistate, vertically integrated cannabis operator, entered into and closed, effective Sept. 12, 2025, a $9,345,000 secured financing transaction with CF Bank, pursuant to which AWH mortgaged real estate on three properties in Ohio (the "Ohio mortgage loan"). The Ohio mortgage loan bears interest at a competitive 8.5% per annum and matures in September 2030. The Ohio mortgage loan is secured by real estate owned by AWH in Cincinnati, Sandusky and Piqua, Ohio.
"This transaction strengthens AWH's balance sheet and demonstrates our ability to execute non-dilutive, low cost of capital financing transactions," Ascend Wellness CEO Sam Brill said. "With this attractive financing in place, AWH is well-positioned to serve patients and local communities in Ohio's emerging market while positioning for further growth opportunities and delivering value to our shareholders."
