secwatch.observer — SEC 8-K summary
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Issuer:     Ascend Wellness Holdings, Inc. (AAWH)
CIK:        0001756390
Form:       8-K
Filed at:   2024-08-05T23:59:59+00:00
Accession:  0001628280-24-034523
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ascend Wellness Q2 net revenue $141.5M (+15% YoY); net loss of $21.8M vs prior year net income
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- Net revenue $141.5M, up 15.1% YoY; gross wholesale revenue +30.1% YoY to $79.6M.
- Adjusted EBITDA $28.3M (20.0% margin), up 32.9% YoY; net loss $21.8M vs net income $0.8M in Q2 2023.
- Retail revenue $93.1M (+3.6% YoY); wholesale net revenue $48.5M (+46.2% YoY).
- Cash and cash equivalents $83.7M; net debt $225.6M as of June 30, 2024.
- Generated ~$32M cash from operations (sixth consecutive positive quarter), incl. ~$18M tax refunds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1756390/000162828024034523/0001628280-24-034523-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1756390/000162828024034523/aawh-20240805.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-034523

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