---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-005386"
form_type: "8-K"
ticker: "AAWH"
cik: "0001756390"
company_name: "Ascend Wellness Holdings, Inc."
filed_at: "2022-03-08T23:59:59+00:00"
generated_at: "2026-06-27T00:50:14.760224+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ascend Wellness Q4 net revenue down 6.2% QoQ to $88.5M; full year revenue up 131% to $332.4M

## Summary
- Q4 2021 net loss of $16.5M vs. $13.0M in Q3 2021; full year loss of $122.7M includes $32M non-cash IPO interest expense.
- Adjusted EBITDA Q4 $19.8M (22.3% margin), down 16% QoQ; full year Adjusted EBITDA $79.4M, up 157.6% YoY.
- Cash and equivalents $155.5M as of Dec 31, 2021; net debt $103.3M after $210M senior debt financing.
- CEO cites Q4 competitive conditions and a 'pause' as new assets come online; eyes New Jersey adult-use market.
- Grew dispensary count to 20, doubled cultivation capacity, and entered Ohio market during 2021.

## SEC filing metadata
- accession: 0001628280-22-005386
- form_type: 8-K
- ticker: AAWH
- cik: 0001756390
- company_name: Ascend Wellness Holdings, Inc.
- filed_at: 2022-03-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1756390/000162828022005386/0001628280-22-005386-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1756390/000162828022005386/aawh-20220308.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-005386
- JSON: https://secwatch.observer/filing/0001628280-22-005386.json
- Plain text: https://secwatch.observer/filing/0001628280-22-005386.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.