AWH Q2 2026 revenue $126.1M (+7.9% seq), Adj EBITDA $29.1M; reverse split vote Aug 28

Ascend Wellness Holdings, Inc.

Q2 2026 net revenue $126.1M, up 7.9% sequentially from $116.9M; retail revenue $92.7M (+11.5%).
Adjusted EBITDA $29.1M (23.1% margin), up from $26.3M in Q1; net loss narrowed to $9.8M from $29.5M.
Cash $67.0M, up $6.1M sequentially; operating cash flow $22.5M, FCF $19.5M; net debt $251.8M.
Retail footprint 55 locations (vs 48 at Q1 end); year-end target 60; reverse stock split shareholder vote Aug 28, 2026 for uplisting.
Q3 2026 outlook: revenue +2-4% sequentially, EBITDA margin consistent with Q2; Barry, IL work stoppage resolved Aug 3, potential Q3 impact.

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