Ascend Wellness Holdings, Inc.
- AAWH · OTC
- Medicinal Chemicals & Botanical Products
- Rochelle Park, NJ
- 2,300 employees
- CIK 0001756390
Updated from SEC filings through
Top things to know
Executives
- Samuel Brill Chief Executive Officer and Director 10-K, 2026-03-12
- Roman Nemchenko Chief Financial Officer 10-K, 2026-03-12
- Francis Perullo President and Director 10-K, 2026-03-12
What leadership is saying
“Last quarter, we said we believed we’d reached an important inflection point. This quarter’s performance confirms it”
Earnings press release (8-K Ex. 99.1), filed August 12, 2026
Ascend Wellness Holdings, Inc. is a U.S. public company in medicinal chemicals & botanical products (SIC 2833), headquartered in Rochelle Park, NJ. It trades as AAWH on OTC. Revenue was $501M in the fiscal year ending December 31, 2025, -10.9% from the year before. It reported about 2,300 employees. Samuel Brill is Chief Executive Officer and Director.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $501M 10-K, 2026-03-12 | $562M 10-K, 2026-03-12 | $519M 10-K, 2026-03-12 | $406M 10-K, 2025-03-13 | $332M 10-K, 2024-03-13 |
| Operating income | -$17.0M 10-K, 2026-03-12 | $4.7M 10-K, 2026-03-12 | -$3.6M 10-K, 2026-03-12 | -$7.5M 10-K, 2025-03-13 | -$17.2M 10-K, 2024-03-13 |
| SG&A | $170M 10-K, 2026-03-12 | $179M 10-K, 2026-03-12 | $159M 10-K, 2026-03-12 | $137M 10-K, 2025-03-13 | $117M 10-K, 2024-03-13 |
| Net income | -$118M 10-K, 2026-03-12 | -$85.0M 10-K, 2026-03-12 | -$48.2M 10-K, 2026-03-12 | -$80.9M 10-K, 2023-03-15 | -$123M 10-K, 2023-03-15 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Samuel Brill | Chief Executive Officer and Director | 10-K, 2026-03-12 |
| Roman Nemchenko | Chief Financial Officer | 10-K, 2026-03-12 |
| Francis Perullo | President and Director | 10-K, 2026-03-12 |
What Ascend Wellness Holdings, Inc. does
Ascend Wellness Holdings, Inc. is a vertically integrated multi-state cannabis operator focused on operating in adult-use or near-term adult-use states in primarily limited license markets. Ascend’s core business is the cultivation, manufacturing, and distribution of cannabis consumer packaged goods, which are sold through company-owned retail stores, to retail partner locations, and third-party licensed retail locations. The Company is a reporting issuer in the United States and in each of the provinces and territories of Canada.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 203.2 million (as of August 10, 2026) | 10-Q, August 12, 2026 |
|---|---|---|
| Public float | $54.8M (as of June 30, 2025) | 10-K, March 12, 2026 |
| Reportable segments | 1 (period ending June 30, 2026) | 10-Q, August 12, 2026 |
| Latest proxy statement | Meeting August 28, 2026 (filed July 9, 2026) | DEF 14A, July 9, 2026 |
| Auditor | WithumSmith+Brown, PC (New York, New York) | Latest 10-K |
Recent 8-K events
- 8-K filed 2026-08-31
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2026-08-12
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-06-25
- Item 5.03 Amendments to articles or bylaws; change in fiscal year
- 8-K filed 2026-05-13
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-05-05
- Item 3.03 Material modification to rights of security holders
- Item 5.03 Amendments to articles or bylaws; change in fiscal year
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2026-03-12
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-02-13
- Item 8.01 Other events
- 8-K filed 2026-02-09
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-02-06
- Item 8.01 Other events
- 8-K filed 2025-11-10
- Item 2.02 Results of operations and financial condition (earnings release)
Frequently asked questions about Ascend Wellness Holdings, Inc.
- What does Ascend Wellness Holdings, Inc. do?
- In its own words, from Item 1 of its 10-K: "Ascend Wellness Holdings, Inc. is a vertically integrated multi-state cannabis operator focused on operating in adult-use or near-term adult-use states in primarily limited license markets. Ascend’s core business is the cultivation, manufacturing, and distribution of cannabis consumer packaged goods, which are sold through company-owned retail stores, to retail partner locations, and third-party licensed retail locations. The Company is a reporting issuer in the United States and in each of the provinces and territories of Canada."
- What is Ascend Wellness Holdings, Inc.'s revenue?
- $501M for the fiscal year ending December 31, 2025, from its 10-K filed March 12, 2026.
- Is Ascend Wellness Holdings, Inc. profitable?
- Ascend Wellness Holdings, Inc. reported net income of -$118M for the fiscal year ending December 31, 2025.
- How many employees does Ascend Wellness Holdings, Inc. have?
- About 2,300 as of December 31, 2025, as stated in its annual report.
- Who is the CEO of Ascend Wellness Holdings, Inc.?
- Samuel Brill, Chief Executive Officer and Director, as named in a 10-K filed March 12, 2026.
- Who is the CFO of Ascend Wellness Holdings, Inc.?
- Roman Nemchenko, Chief Financial Officer, as named in a 10-K filed March 12, 2026.
- Where is Ascend Wellness Holdings, Inc. headquartered?
- Rochelle Park, NJ.
- What is Ascend Wellness Holdings, Inc.'s stock ticker?
- AAWH on OTC.
- What industry is Ascend Wellness Holdings, Inc. in?
- Medicinal Chemicals & Botanical Products, SIC code 2833.
- What is Ascend Wellness Holdings, Inc.'s website?
- awholdings.com. Investor relations: https://investors.awholdings.com/.
- When does Ascend Wellness Holdings, Inc. report earnings next?
- November 12, 2026 at 17:00. Source: ir_events_fc.
- Is Ascend Wellness Holdings, Inc. a public company?
- Yes. Ascend Wellness Holdings, Inc. files with the SEC under CIK 0001756390 and trades as AAWH.
- Who audits Ascend Wellness Holdings, Inc.?
- WithumSmith+Brown, PC, New York, New York, as named in its latest annual report (10-K).
- How many shares of Ascend Wellness Holdings, Inc. are outstanding?
- 203.2 million shares as of August 10, 2026, from its 10-Q filed August 12, 2026.
- What is Ascend Wellness Holdings, Inc.'s public float?
- $54.8M as of June 30, 2025, as reported on the cover of its 10-K filed March 12, 2026.
- How many business segments does Ascend Wellness Holdings, Inc. report?
- 1 reportable segment for the period ending June 30, 2026, from its 10-Q filed August 12, 2026.
- When is Ascend Wellness Holdings, Inc.'s annual shareholder meeting?
- August 28, 2026, per its proxy statement (DEF 14A) filed July 9, 2026.