Ascend Wellness Holdings, Inc. Announces $36.5 Million Incremental Senior Debt Financing
May 18, 2022 at 05:09 pm EDT
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Ascend Wellness Holdings, Inc. announced that it has closed on $36.5 Million of additional funding under the increase option of its existing term loan credit facility. In August 2021, the Company announced it had closed on a $210 million Senior Secured Term Loan credit facility with Seaport Global Securities LLC as lead manager.
Ascend Wellness Holdings, Inc. is a vertically integrated multi-state cannabis operator. The Company is focused on operating in adult-use or near-term adult-use states in primarily limited license markets. It is engaged in 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. The Company has licenses and assets in Illinois, Massachusetts, Maryland, Michigan, New Jersey, Ohio, and Pennsylvania. It produces and distributes its in-house Common Goods, Simply Herb, Ozone, Ozone Reserve, Royale, and Tunnel Vision branded products. The Company operates cultivation facilities in six states with approximately 245,000 square feet of total canopy. Common Goods is a no-frills brand that offers high value cannabis for everyday consumption. The brand comes in flower and pre-rolls. Ozone Reserve comes in exotic flower, refined concentrates, purified oils, and vapes.
ASCEND WELLNESS HOLDINGS, INC. 
