Ascend Wellness Q1 net rev $85.1M, net loss $27.8M, adj EBITDA $16.4M; PA expansion

Ascend Wellness Holdings, Inc.

2022-Q1 EPS reported -$0.16 revenue$85,090,000

Net revenue $85.1M, down 3.8% QoQ but up 28.7% YoY; net loss $27.8M vs $16.5M in Q4 2021.
Adjusted EBITDA $16.4M (19.2% margin); cash $143.8M, net debt $89.9M at quarter-end.
Launched value brand Simply Herb; 20 dispensaries and 213k sq ft canopy across 5 states.
Post-Q1: completed equity roll-up in Pennsylvania; plans cultivation facility and 6 dispensaries for 2023.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.