secwatch.observer — SEC 8-K summary
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Issuer:     Ascend Wellness Holdings, Inc. (AAWH)
CIK:        0001756390
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001628280-23-037178
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ascend Wellness Q3 net revenue $141.3M (+27% YoY); Adj. EBITDA $29.5M up 38.5% QoQ
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1756390/000162828023037178/0001628280-23-037178-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1756390/000162828023037178/aawh-20231107.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-037178

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer