Ascend Wellness Holdings, Inc. AAWH

What this company does

Ascend Wellness Holdings, Inc. is a multi-state cannabis operator whose core business is the cultivation, manufacturing and distribution of cannabis consumer packaged goods, sold through company-owned retail stores, to retail partner locations, and to third-party licensed retail locations. It has operations or financial interests in seven U.S. geographic markets: Illinois, Maryland, Massachusetts, Michigan, New Jersey, Ohio, and Pennsylvania. As of December 31, 2025, it had a total of 47 open dispensaries across its portfolio, of which 42 were in states that have passed legislation permitting adult-use cannabis. Ascend operates cultivation facilities in six states with approximately 258,000 square feet of total canopy. As of March 1, 2026, the company employed approximately 2,300 people across the cultivation, processing, retail, and corporate functions, excluding employees of retail partner locations. Its product portfolio consists of a range of cannabis product categories, including flower, pre-rolls, infused pre-rolls, concentrates, vapes, edibles, and tablets. No customer represented more than 10% of the company's net revenue during 2025, 2024, or 2023. The company was originally formed on May 15, 2018 as Ascend Group Partners, LLC, changed its name to Ascend Wellness Holdings, LLC on September 10, 2018, and on April 22, 2021 converted into a Delaware corporation under the name Ascend Wellness Holdings, Inc.

Written from the business description in ASCEND WELLNESS HOLDINGS, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 12 March 2026. Every sentence was checked against that document before publication.