Tag: CBT > Ascend Wellness Cannabis Company

Finance

AYR Wellness Executes Senior Secured Bridge Credit Agreement

The agreement will provide the company with up to $50 million of committed funding to support ongoing operations.

August 29, 2025

Illinois

282 Ascend Cannabis Workers Organize With Teamsters in Illinois

Teamsters Local 916 secured a win for the unionized workers.

August 29, 2025

Finance

Ascend Wellness Reports $127M in Q2 Net Revenue

The multistate cannabis operator also reported its 10th straight quarter of positive operating cash flow.

August 8, 2025

Ecommerce Cannabis Market

Ascend Wellness Launches Fully Refreshed e-Commerce Ecosystem

The cannabis company’s latest platform includes a new loyalty program and an elevated digital shopping experience.

July 17, 2025

Finance

Ascend Wellness Reports $128M in Q1 Revenue

The cannabis company also reported $5.9 million in generated positive cash from operations, ending the quarter with $100M in cash and cash equivalents.

May 12, 2025

Dispensary

Ascend Wellness Reopens Dispensary in Detroit With ‘Deli-Style’ Experience

The company will host a grand reopening on Feb. 28 for its retail facility in Michigan—its 38th location in the nation.

February 26, 2025

Finance

Ascend Wellness Holdings Closes $15 Million Private Placement of Senior Secured Notes

The notes form part of the same series of the $235 million aggregate principal amount of the company's 12.75% senior secured notes due in 2029.

January 14, 2025

Finance

Ascend Wellness Focuses on 3 Financial Priorities Under New CEO

Appointed in August, Sam Brill said the company is focused on improving profitability, maximizing asset efficiency, and enhancing cash flow generation.

November 12, 2024

Finance

Ascend Wellness Holdings Removes CEO, Terminates CFO

The cannabis company appointed board Director Samuel Brill to replace John Hartman as CEO. The company also appointed a new president and CFO.

August 27, 2024

Finance

Ascend Wellness Holdings Signs Definitive Agreements to Issue $235 Million of Senior Secured Notes

The company secured funding with a 12.75% coupon and a five-year term; the net proceeds will refinance an existing term loan.

July 15, 2024

Ohio

4 Ohio Cannabis Companies Appear to Gain Advantage in Lottery for Dispensary Site Selections

A change of ownership request allowed at least one of these companies to enter the lottery as both a cultivator and independent retailer for more draw balls.

July 2, 2024

Pennsylvania

Ascend Wellness Opens 4th Dispensary in Pennsylvania

The medical cannabis retail facility in Cranberry Township is also the company’s 37th store nationwide.

June 19, 2024