Latest revenue
$116.9M
as of 2026-03-31
Latest net income
—
as of 2026-03-31
Net margin
—
as of 2026-03-31
ActaClear Score
Computed from 5 years of SEC fundamentals + latest market data, ranked within Medicinal Chemicals & Botanical Products (30 peers). 10 = best in industry, 5 = median, 0 = worst. Refreshed Jun 7, 2026.
Community sentiment
Where do you think AAWH is heading?
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $106.2M
- Enterprise value
- $350.3M
- P/E (trailing)
- —
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.0%
- 52-wk high
- $1.20
- 52-wk low
- $0.26
- Beta
- —
- Shares out
- 189.6M
5-year trend
What this company does
Ascend Wellness grows, processes, and sells cannabis products through 47 dispensaries and six cultivation facilities across seven U.S. states, mostly limited-license adult-use markets. Revenue comes from selling its branded cannabis goods through company-owned stores, partner dispensaries, and wholesale distribution to third-party licensed retailers. The company is executing a debt-funded expansion toward 60 retail locations while trading near $0.75 per share, reflecting the broader strain on U.S. multi-state cannabis operators.
Generated from AAWH's filing dated 2026-03-12
Key risks
- Highly leveraged: $300M senior secured notes due July 2029 against a $0.75 share price and ~$155M equity market cap.
- Federal cannabis illegality blocks NASDAQ/NYSE listing; shares trade on CSE/OTCQX with thin liquidity and no banking access.
- Geographic concentration in 7 states (IL, MD, MA, MI, NJ, OH, PA) exposes results to state-level adult-use rollout delays.
Generated from AAWH's filing dated 2026-03-12
Profitability
Gross margin
33.9%
3.3%Operating margin
-3.4%
503.2%Net margin
-19.9%
46.0%Return on equity
-49.5%
28.8%Return on assets
-9.3%
45.3%Leverage
Debt / equity
-20.14×
272.3%Long-term debt / equity
-6.14×
285.7%Debt / assets
105.2%
14.2%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $116.9M | -8.6% | — | — | — |
Q4 2025 2025-12-31 | $120.5M | -11.4% | — | — | — |
Q3 2025 2025-09-30 | $124.7M | -11.9% | — | — | — |
Q2 2025 2025-06-30 | $127.3M | -10.1% | — | — | — |
Q1 2025 2025-03-31 | $128.0M | -10.1% | — | — | — |
Q4 2024 2024-12-31 | $136.0M | — | — | — | — |
Q3 2024 2024-09-30 | $141.6M | +0.3% | — | — | — |
Q2 2024 2024-06-30 | $141.5M | +15.1% | — | — | — |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Medicinal Chemicals & Botanical Products · SIC 2833
Your notes
Keep private notes on AAWH — thesis, target price, catalysts to watch.
Visible only to you. Never shared. Never used to train AI.
Insider activity
No insider transactions on file for AAWH in the last 12 months.
Source: SEC Form 4 filings. Backfill runs nightly.
Who owns AAWH
Institutional value
$6.5K
Total shares held
16.4K
Distinct holders
1
As of
2024-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | HighPoint Advisor Group LLC | 16.4K | $6.5K | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
With AAWH trading at $0.75 and ~$300M of senior secured notes due 2029, what covenant headroom and refinancing plan exists if 2026 EBITDA disappoints?
- 2
You've added 7 retail partner locations in 2025—what's the unit-level cash contribution versus owned dispensaries, and are these capital-light deals masking core store weakness?
- 3
Class B shares auto-convert May 2026 eliminating supervoting control—does management anticipate activist pressure or strategic alternatives once that overhang clears?
Refreshed when AAWH files a new report · last from 2026-03-12
Sign in to vote. Votes use 7-day half-life decay.
Sign in to tap. 7-day half-life decay.