#USA #Cannabis #Ohio #Ascend Wellness

Ascend Wellness Holdings Secures $9.3 Million Mortgage Financing

On September 30, 2025, Ascend Wellness Holdings, Inc. (often referred to as AWH), a prominent player in the cannabis industry, announced the successful completion of a secured financing arrangement totaling $9.345 million. This financing is specifically tied to three of its properties located in Ohio, signaling a strong commitment to expanding its footprint in this emerging market.

Key Details of the Financing

The secured financing, known as the Ohio Mortgage Loan, carries an interest rate of 8.5% per annum and is set to mature in September 2030. This loan underscores AWH's strategic focus on strengthening its balance sheet through non-dilutive financing methods, thereby minimizing the impact on its current shareholders.

CEO Sam Brill remarked on the significance of this transaction, stating, "This transaction strengthens AWH's balance sheet and demonstrates our ability to execute non-dilutive, low-cost capital financing transactions." He further emphasized that this attractive financing aligns with AWH's goal of better serving patients and local communities in Ohio while facilitating further growth opportunities.

Business and Market Position

AWH operates in multiple states and has established itself as a vertically integrated cannabis operator, boasting facilities in Illinois, Maryland, Massachusetts, Michigan, New Jersey, Ohio, and Pennsylvania. The company is known for its state-of-the-art cultivation facilities, which allow it to produce award-winning cannabis strains and a curated selection of products intended for both retail and wholesale channels. Notably, AWH offers an array of branded products such as Simply Herb, Ozone, Ozone Reserve, High Wired, Effin', Common Goods, and Royale, which cater to varying consumer preferences within the cannabis market.

The completion of the Ohio Mortgage Loan not only enhances AWH's capacity to navigate the current business landscape effectively but also positions the company favorably for capitalizing on future growth opportunities. As the cannabis industry evolves and regulations change, AWH seems prepared to adapt and thrive, buoyed by its solid financial foundation and strategic initiatives.

Moving Forward

While AWH continues to grow its operational capabilities and expand its market presence, it remains vigilant in assessing risks and uncertainties inherent in the industry. The company has made it clear through its public disclosures that forward-looking statements concerning production capacity, anticipated demand and other financial metrics should be approached with caution, reflecting the inherent unpredictability of the cannabis market.

As AWH moves ahead with its plans, investors and stakeholders are likely to keep a keen eye on its operational performance and the impact of this recent lending milestone on its future endeavors. The financing marks a significant step for AWH as it seeks to solidify its reputation in the Ohio market while ensuring high standards of quality and service for its important customer base.

In summary, the successful closure of this $9.3 million financing project not only serves as a testament to AWH's operational strength and foresight but also lays the groundwork for the company to remain at the forefront of the evolving cannabis landscape. For more detailed information about Ascend Wellness Holdings, interested parties are encouraged to visit their official website at www.awholdings.com.