Ascend Wellness Holdings, Inc.

Ascend Wellness Holdings, Inc. is a vertically integrated multi-state cannabis operator based in Morristown, New Jersey. The company's core business encompasses the cultivation, manufacturing, and retail distribution of cannabis products. Its mission is to improve the lives of its employees, patients, customers, and the communities it serves through the responsible use of the cannabis plant.

Ascend Wellness Holdings operates in adult-use or near-term adult-use cannabis states with limited licenses, including Illinois, Maryland, Massachusetts, Michigan, New Jersey, Ohio, and Pennsylvania. The company produces and distributes its own in-house brands such as Simply Herb, Ozone, Common Goods, Effin', Royale, High Wired, and Honor Roll. Its product offerings span various cannabis categories, including flower, pre-rolls, concentrates, vapes, capsules, tinctures, edibles, and topicals. Additionally, AWH partners with other brands like Miss Grass, Lowell Smokes, Flower by Edie Parker, and 1906 for production and distribution.

In recent leadership changes, Samuel Brill was appointed CEO in August 2024, with Roman Nemchenko as CFO and Francis Perullo as President. Abner Kurtin serves as the Executive Chairman of the Board. The company reported $120.5 million in revenue for Q4 2025 and $500.6 million for the full fiscal year 2025. Ascend Wellness Holdings has maintained its position among the top three brand houses by sales and units in Illinois, Massachusetts, and New Jersey throughout FY 2025. The company has also focused on digital innovation, launching an integrated e-commerce ecosystem with its Ascend Pay functionality and an enhanced loyalty program. Looking ahead, AWH aims to open 12 new dispensaries by the end of 2026.