other material
confidence medium
sentiment neutral
materiality 0.50
Ascend Wellness acquires ~$12M of secured debt of a cannabis operator
Ascend Wellness Holdings, Inc.
- Acquired ~2/3 of outstanding secured indebtedness of a cannabis grow, processing, and dispensary operator.
- Cash consideration of approximately $12 million in a private transaction.
- Transaction closed June 14, 2023.
- No counterparty name or strategic rationale disclosed.