{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-037178","form_type":"8-K","ticker":"AAWH","cik":"0001756390","company_name":"Ascend Wellness Holdings, Inc.","filed_at":"2023-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.325561+00:00","generated_at":"2026-06-08T16:39:11.832856+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Ascend Wellness Q3 net revenue $141.3M (+27% YoY); Adj. EBITDA $29.5M up 38.5% QoQ","bullets":["Net revenue of $141.3M, up 27.0% YoY and 14.9% QoQ; record 6th consecutive quarterly high.","Adjusted EBITDA of $29.5M (20.9% margin), improved 356 bps sequentially; net loss narrowed to $11.2M from $16.9M.","Retail revenue $101.3M (+22.3% YoY); wholesale net revenue $40.0M (+40.6% YoY).","Generated positive cash from operations for third straight quarter and first quarter of positive free cash flow.","Cash and equivalents $63.9M; net debt $243.5M as of Sept 30, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-037178","json":"https://secwatch.observer/filing/0001628280-23-037178.json","markdown":"https://secwatch.observer/filing/0001628280-23-037178.md","text":"https://secwatch.observer/filing/0001628280-23-037178.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1756390/000162828023037178/0001628280-23-037178-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1756390/000162828023037178/aawh-20231107.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T16:39:11.832856+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6366191c2e5fafa124ba0d2358449d50699cc526","claim":"Ascend Wellness Holdings, Inc. reported quarter ended September 30, 2023 results: revenue $141.3 million, net income Net loss of $11.2 million.","evidence_excerpt":"Q3 2023 Financial Highlights • Gross revenue increased 26.6% year-over-year and 12.5% quarter-over-quarter to $169.9 million. • Net revenue, which excludes intercompany sales of wholesale products, increased 27.0% year-over-year and 14.9% quarter-over-quarter to $141.3 million. • Retail revenue increased 22.3% year-over-year and 12.7% quarter-over-quarter to $101.3 million. • Gross wholesale revenue increased 33.4% year-over-year and 12.2% quarter-over-quarter to $68.7 million. Wholesale revenue, net of intercompany sales, increased 40.6% year-over-year and 20.7% quarter-over-quarter to $40.0 million. • Net loss of $11.2 million during the quarter represented an improvement compared to $16.9 million in Q3 2022. • Adjusted EBITDA 2 was $29.5 million, representing a 20.9% margin. Adjusted EBITDA improved 38.5% and Adjusted EBITDA margin improved by 356 basis points quarter-over-quarter. Adjusted EBITDA increased 6% and margins declined 406 basis points year-over-year. • As of September 3","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1756390/000162828023037178/0001628280-23-037178-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ended September 30, 2023"},{"label":"Revenue","value":"$141.3 million"},{"label":"Net income","value":"Net loss of $11.2 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}