Ascend Wellness Holdings Expands Vertically Integrated Footprint in Ohio – Yahoo Finance

-Closes previously signed acquisition of dispensary in Carroll, OH

-Enters into definitive agreement to acquire dispensary in Coshocton, OH

NEW YORK, Oct. 1, 2021 /PRNewswire/ – Ascend Wellness Holdings, Inc. (“AWH” or the “Company”) (CSE: AAWH.U) (OTCQX: AAWH), a leading multi-state, vertically integrated cannabis operator, today announced that it has:

Completed the acquisition of BCCO, LLC (“BCCO”), which operates a medical dispensary in Carroll, Ohio, and

Entered into definitive agreement to acquire Ohio Cannabis Clinic, LLC (“OCC”), which operates a medical dispensary in Coshocton, Ohio.

Management Commentary

“We are thrilled to officially expand our vertically integrated footprint in the rapidly maturing Ohio market,” said Abner Kurtin, CEO and Chairman of AWH. “With adult-use legislation currently under consideration, now is an opportune time to scale our footprint while continuing to provide medical patients with the high-quality products and service they have come to expect from us. By investing in key regions ahead of regulatory events, we have positioned AWH for long-term, sustainable growth in the most attractive markets in the U.S.” Kurtin added, “We remain focused on disciplined capital allocation and are proud to have completed these acquisitions at multiples that are significantly accretive on a forward-looking basis.”

Current AWH Ohio Footprint

Carroll, OH medical dispensary, currently operating

Read More Here…

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