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Ascend Wellness Holdings, Inc. engages in the cultivation, manufacture, and distribution of cannabis consumer packaged goods in the United States. The company offers flowers, pre-rolls, concentrates, vapes, edibles, tablets, and other cannabis-related products under the Common Goods, SimplyHerb, Ozone, Ozone Reserve, Royale, Effin', Miss Grass, Lowell Smokes, Flower by Edie Parker, 1906, AiroPro, and Binske brands. It also owns, operates, and manages cannabis cultivation facilities and dispensaries. The company sells its products through company-owned retail stores and third-party licensed retail cannabis stores. Ascend Wellness Holdings, Inc. was incorporated in 2018 and is headquartered in Morristown, New Jersey.
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Ascend Wellness Holdings is a U.S. multi-state cannabis operator that cultivates, manufactures and retails cannabis products in several states. Long-term growth drivers include expansion into adult-use markets, a diversified state footprint and vertical integration across cultivation, branded products and wholesale distribution that could support revenue growth and operating efficiency.
Principal risks include federal and state regulatory uncertainty, licensing and compliance exposure, intense competition and execution or capital constraints that could pressure margins.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Income before tax | -39.82M | -14.76M | -39.21M | -80.94M | -5.14M |
| Minority interest | - | - | 0.00M | 0.00M | -1.60M |
| Net income | -84.99M | -48.21M | -80.90M | -122.66M | -25.44M |
| Selling general administrative | 144.48M | 129.43M | 122.65M | 100.00M | 44.87M |
| Gross profit | 184.21M | 155.12M | 134.56M | 135.97M | 60.91M |
| Reconciled depreciation | 68.12M | 60.04M | 38.24M | 23.58M | 13.43M |
| Operating income | 4.75M | -3.85M | -2.18M | 19.91M | 8.13M |
| Interest expense | 39.79M | 36.98M | 30.26M | 57.35M | 12.99M |
| Tax provision | 45.17M | 33.45M | 41.69M | 41.72M | 18.70M |
| Net interest income | -39.79M | -36.98M | -30.26M | -57.35M | -12.99M |
| Total revenue | 561.60M | 518.59M | 405.93M | 332.38M | 143.73M |
| Total operating expenses | 556.85M | 522.43M | 408.11M | 312.47M | 135.60M |
| Cost of revenue | 377.39M | 363.47M | 271.36M | 196.41M | 82.82M |
| Total other income expense net | -4.78M | 26.07M | -6.77M | -43.50M | -0.28M |
| Net income from continuing ops | -84.99M | -48.21M | -80.90M | -122.66M | -23.84M |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Total assets | 900.43M | 919.55M | 872.16M | 723.44M | 427.75M |
| Intangible assets | 205.50M | 221.45M | 221.09M | 59.27M | 50.46M |
| Other current assets | 0.35M | 2.50M | 0.74M | 8.88M | 25.55M |
| Total liab | 828.63M | 776.68M | 708.75M | 546.96M | 423.96M |
| Total stockholder equity | 70.98M | 142.87M | 163.41M | 176.48M | 3.79M |
| Other current liab | 5.06M | 6.77M | 21.66M | 5.15M | 4.33M |
| Capital stock | 0.20M | 0.21M | 0.19M | 0.17M | 0.00M |
| Retained earnings | -400.36M | -315.36M | -267.15M | -186.25M | -63.59M |
| Good will | 49.60M | 47.54M | 44.37M | 42.97M | 22.80M |
| Cash | 88.25M | 72.51M | 74.15M | 155.48M | 56.55M |
| Total current liabilities | 144.54M | 92.69M | 110.95M | 117.39M | 115.28M |
| Net debt | 220.17M | 236.21M | 256.48M | 103.31M | 155.06M |
| Short long term debt | 73.88M | 11.15M | 11.33M | 27.94M | 59.33M |
| Total current assets | 229.38M | 228.86M | 198.74M | 258.01M | 134.18M |
| Net receivables | 36.54M | 28.30M | 14.10M | 7.61M | 6.23M |
| Long term debt | 234.54M | 297.56M | 319.30M | 230.85M | 152.28M |
| Inventory | 89.55M | 95.29M | 97.53M | 65.59M | 29.00M |
| Accounts payable | 26.41M | 34.69M | 17.07M | 5.54M | 7.36M |
| Non currrent assets other | 16.43M | 23.06M | 19.28M | 19.57M | 12.73M |
| Non current assets total | 671.05M | 690.69M | 673.42M | 465.42M | 293.57M |
| Capital lease obligations | 272.69M | 264.75M | 232.45M | 199.96M | 158.53M |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Investments | -37.20M | -59.89M | -114.25M | -113.23M | -30.87M |
| Net borrowings | 0.73M | -23.56M | 81.50M | 180.23M | - |
| Total cash from financing activities | -20.35M | -17.08M | 71.28M | 252.35M | 82.17M |
| Net income | -84.99M | -48.21M | -80.90M | -122.66M | -25.44M |
| Change in cash | 15.75M | -1.64M | -81.33M | 97.38M | 45.29M |
| Begin period cash flow | 72.51M | 74.15M | 155.48M | 58.10M | 12.80M |
| End period cash flow | 88.25M | 72.51M | 74.15M | 155.48M | 58.10M |
| Total cash from operating activities | 73.29M | 75.33M | -38.36M | -41.74M | -6.00M |
| Issuance of capital stock | 0.00M | 7.00M | 0.00M | 86.06M | 0.00M |
| Depreciation | 68.12M | 60.04M | 38.24M | 23.58M | 13.43M |
| Change to inventory | 1.81M | -14.88M | -43.81M | -41.41M | -11.89M |
| Change to account receivables | -8.24M | -14.20M | -6.48M | -1.34M | -6.01M |
| Sale purchase of stock | -2.75M | 0.00M | 0.00M | - | - |
| Capital expenditures | 35.23M | 40.19M | 125.89M | 88.43M | 26.55M |
| Change in working capital | 63.32M | 26.18M | -31.14M | -37.76M | -0.74M |
| Stock based compensation | 18.61M | 19.78M | 18.98M | 23.09M | 0.68M |
| Other non cash items | 20.52M | 30.04M | 21.87M | 75.04M | 5.46M |
| Free cash flow | 38.06M | 35.14M | -164.25M | -130.17M | -32.55M |
Sector: Healthcare Industry: Drug Manufacturers - Specialty & Generic
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Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| AAWH-U Ascend Wellness Holdings Inc. |
0.01 1.27% |
0.40 | - | 10.88 | 0.22 | 59.95 | 1.23 | 7.98 |
| GTII Green Thumb Industries Inc |
-0.29 3.06% |
9.20 | 14.70 | 34.84 | 1.91 | 0.86 | 1.61 | 3.95 |
| CL Cresco Labs Inc |
-0.05 5.68% |
0.83 | - | 105.26 | 0.70 | 0.99 | 1.32 | 42.44 |
| JUSH Jushi Holdings Inc |
-0.03 4.17% |
0.69 | - | 17.86 | 0.52 | 0.69 | 1.41 | 9.56 |
| GRIN Grown Rogue International Inc |
0.01 1.96% |
0.52 | 23.50 | - | 3.62 | 4.10 | 3.13 | 11.19 |
Ascend Wellness Holdings, Inc. engages in the cultivation, manufacture, and distribution of cannabis consumer packaged goods in the United States. The company offers flowers, pre-rolls, concentrates, vapes, edibles, tablets, and other cannabis-related products under the Common Goods, SimplyHerb, Ozone, Ozone Reserve, Royale, Effin', Miss Grass, Lowell Smokes, Flower by Edie Parker, 1906, AiroPro, and Binske brands. It also owns, operates, and manages cannabis cultivation facilities and dispensaries. The company sells its products through company-owned retail stores and third-party licensed retail cannabis stores. Ascend Wellness Holdings, Inc. was incorporated in 2018 and is headquartered in Morristown, New Jersey.
| Name | Title | Year Born |
|---|---|---|
| Mr. Abner B. Kurtin | Co- Founder & Executive Chairman of the Board | 1967 |
| Mr. Samuel Brill | CEO & Director | 1974 |
| Mr. Francis Perullo | Co-Founder, President & Director | 1977 |
| Mr. Roman Nemchenko | Chief Financial Officer | NA |
| Mr. Michael McLaughlin | Chief Operations Officer | NA |
| Mr. David Gacom | Chief Commercial Officer | NA |
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