[PRESS RELEASE] – NEW YORK, Aug. 10, 2026 – Ascend Wellness Holdings Inc. (AWH), a multistate, vertically integrated cannabis operator and consumer packaged goods company, is asking its stockholders to vote their shares in connection with the company's special meeting of stockholders, to be held virtually at 11 a.m. Eastern Time on Aug. 28, 2026.
Stockholders are being asked to vote on a proposal to approve a reverse stock split of the company's Class A common stock at a ratio between 1-for-10 and 1-for-50, to be implemented at the discretion of the board of directors in support of the company's planned application to list the Class A common shares on a national securities exchange, as well as a related proposal to adjourn the special meeting, if necessary, to solicit additional proxies. There can be no assurance, however, that the company will be listed on a U.S. national securities exchange or that the reverse stock split will result in a sustained increase in the trading price of the Class A common shares.
The board unanimously recommends that stockholders vote "FOR" each proposal.
"Every vote counts as we work toward our goal of uplisting on a major U.S. exchange," AWH CEO and Director Sam Brill said. "We encourage all stockholders to submit their proxy today, even if they plan to attend the virtual meeting."
Voting Deadline and Instructions
Stockholders of record as of the close of business on July 7, 2026, are entitled to vote. Because approval of the reverse stock split proposal requires the affirmative vote of holders of a majority of the company's outstanding Class A common shares entitled to vote, every unvoted share and every abstention has the same effect as a vote "AGAINST" the proposal.
Votes may be cast by proxy in advance of the special meeting or online during the virtual special meeting. Proxies must be received no later than 11 a.m. Eastern Time on Aug. 26, 2026. Stockholders who have already submitted a proxy do not need to take further action; voting online during the special meeting will automatically revoke any previously submitted proxy.
Stockholders who hold shares through a bank, broker or other intermediary should follow the voting instructions provided by that intermediary.
For questions about voting, or for assistance submitting a proxy, contact the company's transfer agent, Odyssey Trust Co., at (888) 290-1175 (within North America) or (587) 885-0960 (outside North America), or by email at [email protected].
Complete details regarding the proposals are set out in the definitive proxy statement filed with the U.S. Securities and Exchange Commission (SEC), which is available at www.sec.gov, on SEDAR+ at www.sedarplus.ca, and on the website of Odyssey Trust Co. at https://odysseytrust.com/client/ascend-wellness-holdings-inc/.
Stockholders are encouraged to read the proxy statement in its entirety.
