Ascend Wellness Holdings, Inc. announced a financing transaction
July 24, 2022
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Ascend Wellness Holdings, Inc. announced that it will receive $9,703,443 in a round of funding on July 25, 2022. The company will issue Class A common stock issuable on exercise of warrants which are exercisable at $3.10 per share of Class A common stock until June 30, 2026, subject to acceleration. The company will issue securities pursuant to exemption provided under Regulation D.
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. 
