secwatch.observer — SEC 8-K summary
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Issuer:     Ascend Wellness Holdings, Inc. (AAWH)
CIK:        0001756390
Form:       8-K
Filed at:   2024-03-12T23:59:59+00:00
Accession:  0001628280-24-010368
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Q4 net revenue $140M (+25% YoY), adjusted EBITDA $32M; first full year positive ops cash flow
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- Q4 2023 net revenue $140.2M, up 25.0% YoY; full year net revenue $518.6M, up 27.8% YoY.
- Net loss narrowed to $48.2M in FY 2023 from $80.9M in FY 2022; Q4 net loss $19.3M.
- Adjusted EBITDA Q4 $32.4M (+14.8% YoY); full year $106.5M (+14.3% YoY).
- First full year of positive cash from operations ($54.5M) and positive free cash flow ($30.3M, excl. $20.8M ERTC).
- Ended Q4 with $72.5M cash; net debt $236.2M; opened 6 dispensaries in 2023, total now 35.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1756390/000162828024010368/0001628280-24-010368-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1756390/000162828024010368/aawh-20240312.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-010368

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