Ascend Wellness loses arbitration to Green Thumb; net award $19.7M

Ascend Wellness Holdings, Inc.

Arbitrator found both Ascend and Green Thumb breached purchase-obligation agreement from June 2018.
GTI awarded ~$22M; Ascend awarded ~$2.3M; net award to GTI ~$19.7M.
Company disagrees with decision and is evaluating options.
Company does not currently expect material disruption to operations from award.
Dispute centered on side letter from Ascend's capital raise in 2018.

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