AWH ANNOUNCES Q3 2023 FINANCIAL RESULTS
NEW YORK – Ascend Wellness Holdings, Inc. (“AWH” or the “Company” or “Ascend”) (CSE: AAWH.U) (OTCQX: AAWH), a vertically integrated multi-state cannabis operator focused on bettering lives through cannabis, today reported its financial results for the three months ending September 30, 2023 (“Q3 2023”). Financial results are reported in accordance with U.S. generally accepted accounting principles (“GAAP”) and all currency is in U.S. dollars. Q3 2023 Financial Highlights Gross revenue increased 26.6% year-over-year and 12.5% quarter-over-quarter to $169.9 million. Net revenue, which excludes intercompany sales of wholesale products, increased 27.0% year-over-year and 14.9% quarter-over-quarter to $141.3 million. Retail revenue increased 22.3% year-over-year and 12.7% quarter-over-quarter to $101.3 million. Gross wholesale revenue increased 33.4% year-over-year and 12.2% quarter-over-quarter to $68.7 million. Wholesale revenue, net of intercompany sales, increased 40.6% y...