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Ascend Wellness Holdings, Inc. — Third Quarter 2026 Earnings Summary

Ascend Wellness Holdings reported third-quarter 2026 net revenue of $130.0 million, representing a 4.2% year-over-year increase and a 3.1% sequential rise. The company generated $31.1 million in Adjusted EBITDA, achieving a margin of 23.9%, while net cash provided by operating activities reached $5.4 million despite a $19.1 million semi-annual interest payment. Retail operations expanded to 61 stores, exceeding the year-end target of 60, and the company maintained its position as the number two brand house across Illinois, New Jersey, and Massachusetts. Additionally, Ascend secured $11 million in non-dilutive mortgage loans and entered a brand licensing agreement to introduce its products to the Canadian market in early 2027.