secwatch.observer — SEC 8-K summary
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Issuer:     Ascend Wellness Holdings, Inc. (AAWH)
CIK:        0001756390
Form:       8-K
Filed at:   2025-11-10T23:59:59+00:00
Accession:  0001628280-25-051045
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ascend Wellness Q3 2025: net loss $25.8M, adj EBITDA $31.1M (24.9% margin), revenue $124.7M
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- Net revenue $124.7M, down 2% sequentially; retail $83.8M (-3.1%), wholesale $41.0M (+0.3%).
- Adjusted EBITDA $31.1M, up 8.9% QoQ; adjusted gross margin 46.4% (+300bps seq).
- Net loss $25.8M vs $24.4M in Q2; cash $87.3M, net debt $281.8M.
- Opened 2 stores in Q3; pipeline of 13 stores; target 60 locations in 12 months.
- Closed $9.3M Ohio mortgage loan at 8.5% due 2030; repurchased 1M shares in Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1756390/000162828025051045/0001628280-25-051045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1756390/000162828025051045/aawh-20251110.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-051045

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