AWH Encourages Stockholders to Participate in Upcoming Reverse Stock Split Vote on August 28

AWH Seeks Approval for Reverse Stock Split

Ascend Wellness Holdings, Inc. (AWH), a leading vertically integrated cannabis operator, has recently called upon its stockholders to cast their votes regarding a proposed reverse stock split. The vote will take place during the special meeting set for August 28, 2026. The reverse stock split is crucial for AWH's strategy as it seeks to list its Class A common shares on a national securities exchange.

What is a Reverse Stock Split?

A reverse stock split is a process where a company reduces the number of its outstanding shares while increasing the nominal value per share proportionally. For AWH, the proposed split will have a ratio between 1-for-10 and 1-for-50, allowing the company's share price to increase correspondingly. This strategy aims to meet the minimum price requirements for specific stock exchanges and to enhance the perceived value of its shares.

Importance of the Vote

The company emphasizes that each vote is critical as the approval of the reverse stock split is dependent on obtaining the support of a majority of the outstanding Class A common shares. Sam Brill, the CEO and Director of AWH, highlighted the significance of participation in this process: "Every vote counts as we work toward our goal of uplisting on a major U.S. exchange."

The votes can be cast either by proxy ahead of time or online during the virtual meeting. Stockholders must ensure that their proxies are submitted by August 26, 2026, to be counted. The company has made it clear that abstentions or unvoted shares will effectively count against the proposal, making participation crucial.

AWH's Vision for the Future

AWH is poised for growth, boasting operations across several states including Illinois, Maryland, Massachusetts, Michigan, New Jersey, Ohio, and Pennsylvania. By enhancing their market position through this reverse stock split, they aim to further cement their presence in the competitive cannabis industry. The company is known for its high-quality strains and the production of recognized branded products such as Ozone, Simply Herb, and High Wired.

What to Expect at the Special Meeting

During the upcoming Special Meeting, stockholders will not only vote on the reverse stock split but will also have the chance to discuss the company’s projections and future plans. They are encouraged to engage with the leadership of AWH as the company navigates these important developments.

Moreover, stockholders should familiarize themselves with the official proxy statement released by AWH, which details the proposals and provides valuable context for the upcoming vote. Access to the statement can be found on the SEC’s website, as well as other platforms where AWH's reports are published.

Conclusion

As the virtual Special Meeting approaches, AWH's stockholders play a vital role in determining the future trajectory of the company. Their decision on the reverse stock split will not only impact AWH's potential uplisting but will also shape its ability to enhance shareholder value. Every vote is essential, and participation from all stockholders is strongly encouraged to support AWH’s strategic objectives.

For any concerns regarding voting or to get assistance with submitting a proxy, stockholders can contact AWH's transfer agent, Odyssey Trust Company, for support. The drive for growth and enhancement of shareholder equity continues to be at the forefront of AWH’s mission as it strives to become a formidable player in the cannabis sector.