Q2 net revenue $97.5M (+14.6% QoQ), Adj. EBITDA margin 21.4%, FY2022 guidance reiterated

Ascend Wellness Holdings, Inc.

2022-Q2 EPS reported -$0.27 revenue$182,589,000

Net revenue $97.5M, up 14.6% QoQ and 17.0% YoY; gross revenue $117.7M.
Net loss improved to $21.2M from $27.8M in Q1; Adj. EBITDA $20.9M (21.4% margin).
Cash and cash equivalents $140.6M; net debt $152.7M as of June 30, 2022.
Started adult-use sales at Rochelle Park, NJ; added 4,000 sq ft canopy in NJ.
FY2022 guidance: revenue $400-420M, Adj. EBITDA $75-85M.

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