Ascend Wellness Holdings, Inc. (CNSX:AAWH.U) entered into a definitive agreement to acquire Ohio Cannabis Clinic, LLC for $16.2 million on August 20, 2021. As part of the consideration, Ascend will pay $12.4 million in cash and $3.8 million of shares. The consideration is subject to customary working capital and closing adjustments.

The transaction is subject to customary closing conditions, including approval from the applicable regulatory bodies.