---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-046851"
form_type: "8-K"
ticker: "AAWH"
cik: "0001756390"
company_name: "Ascend Wellness Holdings, Inc."
filed_at: "2024-11-12T23:59:59+00:00"
generated_at: "2026-05-30T02:04:27.411298+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ascend Wellness Q3 net revenue $141.6M flat YoY; net loss widens to $28.3M, Adj EBITDA down 14.9%

## Summary
- Net revenue $141.6M (+0.3% YoY); retail $93.6M (-7.6% YoY), wholesale $48.0M (+20.1% YoY).
- Net loss $28.3M vs $11.2M loss in Q3 2023; adjusted EBITDA $25.1M (17.7% margin), down 14.9% YoY and 11.4% QoQ.
- Announced $30M annual cost savings initiatives; reduced management headcount by 15% at corporate, 10% at retail/ops.
- Cash $65.3M; net debt $240.6M; generated $2M operating cash flow, 7th consecutive positive quarter.
- Began adult-use sales at 5 Ohio dispensaries; opened 1 new PA store; total 39 operating dispensaries.

## SEC filing metadata
- accession: 0001628280-24-046851
- form_type: 8-K
- ticker: AAWH
- cik: 0001756390
- company_name: Ascend Wellness Holdings, Inc.
- filed_at: 2024-11-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1756390/000162828024046851/0001628280-24-046851-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1756390/000162828024046851/aawh-20241112.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-046851
- JSON: https://secwatch.observer/filing/0001628280-24-046851.json
- Plain text: https://secwatch.observer/filing/0001628280-24-046851.txt

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