other material
confidence high
sentiment neutral
materiality 0.60
Ascend Wellness raises $7M via private placement of 9.86M shares at $0.71/share
Ascend Wellness Holdings, Inc.
- Issued 9,859,155 shares at $0.71 per share to a single accredited investor for $7M gross proceeds.
- Net proceeds will be used to pursue acquisitions of debt or equity in cannabis companies.
- Shares issued under Rule 506(b) exemption; no underwriting discounts paid.