Ascend Wellness’ 20.1% Wholesale Growth, Wider Net Loss In Q3
Cannabis multi-state operator (MSO) Ascend Wellness Holdings, Inc. (CSE:AAWH) (OTCQX:AAWH) announced its financial results on Tuesday for the third quarter ended Sept. 30, 2024.
During the quarter the company launched cannabis sales in Ohio in five dispensaries reporting a sales increase of over three times compared to pre-adult use levels.
It also initiated cost-saving measures to reduce expenditures by $30 million in 2025 while optimizing the leadership team with a 15% reduction in corporate headcount and 10% at retail/operations.
Ascend Wellness recently appointed three key executives, including Sam Brill as CEO, Frank Perullo as president and Roman Nemchenko as CFO.
“We are thrilled to lead this transformation and …