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Business Summary: Ascend Wellness Holdings, Inc. is a vertically integrated multi-state cannabis operator with licenses and assets in Illinois, Massachusetts, Maryland, Michigan, New Jersey, Ohio, and Pennsylvania. The Company’s core business is the cultivation, manufacturing, and distribution of cannabis consumer packaged goods, which are sold through Company-owned retail stores and to third-party licensed retail cannabis stores. It owns and operates cultivation facilities, growing strains and producing a selection of products for retail and wholesale customers. It produces and distributes its in-house Common Goods, Simply Herb, Ozone, Royale, and Effin’ branded products. The Company’s product portfolio consists of a range of cannabis product categories, including flower, pre-rolls, concentrates, vapes, edibles, and tablets. Common Goods brand offers flower and pre-rolls and is generally available in Illinois, Massachusetts, New Jersey, Ohio, and Pennsylvania. Effin’ is its edibles-only brand.
Financial Summary: BRIEF: For the nine months ended 30 September 2025, Ascend Wellness Holdings Inc revenues decreased 11% to $380M. Net loss increased 2% to $69.5M. Revenues reflect Wholesale revenue segment decrease of 47% to $125.4M, Retail revenue segment decrease of 10% to $254.6M. Basic Earnings per Share excluding Extraordinary Items decreased from -$0.32 to -$0.34.