Recent Updates — AAWH

Ascend Wellness Holdings, Inc. held a special meeting on August 28, 2026, where shareholders approved an amendment to the Certificate of Incorporation to effect a reverse stock split at a ratio between 1-for-10 and 1-for-50, as determined by the Board prior to listing on a national exchange or one year from the meeting. The proposal received 112,305,378 votes in favor against 1,391,090 opposed. This approval enables the company to adjust its share structure to meet potential exchange listing requirements. Ascend Wellness Holdings operates in the cannabis industry.

Ascend Wellness Holdings reported Q2 2026 net revenue of $126.1 million, a 7.9% sequential increase from Q1's $116.9 million, driven by an 11.5% rise in retail sales to $92.7 million. Adjusted EBITDA grew 10.5% sequentially to $29.1 million with a margin of 23.1%, while net loss narrowed significantly to $9.8 million from $29.5 million in Q1. The company expanded its retail footprint to 55 locations and filed a definitive proxy statement for a reverse stock split, with a shareholder vote scheduled for August 28, 2026, to facilitate an uplisting to a major U.S. exchange. Ascend Wellness Holdings is a multi-state, vertically integrated cannabis operator and consumer packaged goods company.