---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-035038"
form_type: "8-K"
ticker: "AAWH"
cik: "0001756390"
company_name: "Ascend Wellness Holdings, Inc."
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T11:14:05.413703+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Ascend Wellness reports record Q3 revenue ~$140M, up 15% Q/Q; names Mark Cassebaum CFO

## Summary
- Preliminary Q3 net revenue ~$140M (record, +15% Q/Q).
- Adjusted EBITDA estimated at $27-29M, significant sequential growth.
- Third straight quarter positive cash from operations; first quarter positive free cash flow.
- Mark Cassebaum appointed CFO effective Nov 27, 2023; Dan Neville resigning Nov 10.
- CFO compensation: $450K base, bonus up to 100%, one-time $135K cash, 350K RSUs vesting over 4 years.

## SEC filing metadata
- accession: 0001628280-23-035038
- form_type: 8-K
- ticker: AAWH
- cik: 0001756390
- company_name: Ascend Wellness Holdings, Inc.
- filed_at: 2023-10-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1756390/000162828023035038/0001628280-23-035038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1756390/000162828023035038/aawh-20231025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-035038
- JSON: https://secwatch.observer/filing/0001628280-23-035038.json
- Plain text: https://secwatch.observer/filing/0001628280-23-035038.txt

## Key facts
- Earnings Releases
  Ascend Wellness Holdings, Inc. reported the quarter ended September 30, 2023 results: revenue net revenue up nearly 15% Q/Q to approximately $140 million.
  - Period: the quarter ended September 30, 2023
  - Revenue: net revenue up nearly 15% Q/Q to approximately $140 million
  - Result: preliminary results
  source text: strong preliminary third quarter 2023 financial results as well as updates to its leadership team. • Record revenue for the 6th consecutive quarter, with net revenue up nearly 15% Q/Q to approximately $140 million; • Significant sequential Adjusted EBITDA 1 growth ranging from $27 to $29 million; and • Third consecutive quarter of positive Cash from
  evidence_url: https://www.sec.gov/Archives/edgar/data/1756390/000162828023035038/0001628280-23-035038-index.htm
- Executive change
  Dan Neville departed as Chief Financial Officer at Ascend Wellness Holdings, Inc..
  - Action: resigning
  - Role: Chief Financial Officer
  source text: On October 25, 2023, the Company announced that Dan Neville, the Company’s Chief Financial Officer, will be leaving the Company effective November 10, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1756390/000162828023035038/0001628280-23-035038-index.htm
- Executive change
  Mark Cassebaum was appointed as Chief Financial Officer at Ascend Wellness Holdings, Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: On October 25, 2023, the Company announced the appointment of Mark Cassebaum as the new chief financial officer of the Company, effective November 27, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1756390/000162828023035038/0001628280-23-035038-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.