Strategic Expansion Into New Markets: $AAWH Earnings

Ascend Wellness Holdings (AAWH) had a successful quarter with substantial blended growth in both retail and wholesale. They have been strategically entering late-stage medical and early-stage adult-use markets, with a focus on maximizing cultivation and production output. The company is on a clear path to profitability by executing their strategy of densifying current markets, building the wholesale business, and identifying new markets for investment. They are particularly excited about the potential growth in Ohio and Pennsylvania. Ascend is also focused on product innovation and brand development, with a strong emphasis on providing great products at a fair price and ensuring the safety of their employees.

Takeaways:

-Ascend Wellness Holdings had a successful quarter with substantial blended growth in both retail and wholesale.

-Their strategy includes entering late-stage medical and early-stage adult-use markets, maximizing cultivation and production output, and identifying new markets for investment.

-They are particularly excited about the potential growth in Ohio and Pennsylvania.

-Ascend is focused on product innovation and brand development, providing great products at a fair price, and ensuring the safety of their employees.

-They have implemented a unique tax strategy to address the 280E issue and are patiently waiting for the response from tax authorities.

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Featured Guest(s):

John Hartmann, CEO - Ascend Wellness Holdings $AAWH

https://www.awholdings.com/

Meet The Host(s):

Javier Hasse

https://www.twitter.com/JavierHasse

Elliot Lane

https://www.twitter.com/ElliotLane10

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Chapters:

00:00 Introduction and Background

02:24 Successful Quarter and Exciting Headlines

08:12 Path to Profitability

11:02 Growth Potential in Ohio and Kentucky

14:15 Unique Tax Strategy

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