secwatch.observer — SEC 8-K summary
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Issuer:     Ascend Wellness Holdings, Inc. (AAWH)
CIK:        0001756390
Form:       8-K
Filed at:   2022-03-08T23:59:59+00:00
Accession:  0001628280-22-005386
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1756390/000162828022005386/0001628280-22-005386-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1756390/000162828022005386/aawh-20220308.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-005386

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