Ascend Wellness Holdings Receives Provisional License from Massachusetts Cannabis Control Commission

The five-story metro-based store in the heart of downtown is positioned to become the largest dispensary on the East Coast

January 9, 2020 – BOSTON, MA – Ascend Wellness Holdings (AWH), a multi-state, vertically-integrated cannabis operator, announced today that its subsidiary, Ascend Mass, received its provisional license from the Massachusetts Cannabis Control Commission for what will be the largest dispensary on the East Coast.

Situated near Faneuil Hall and the newly renovated TD Garden in the heart of downtown Boston, the groundbreaking adult-use concept store will serve as an iconic destination to the more than 15 million tourists who pass through the city each year. In fact, Faneuil Hall is the 8th most visited tourist attraction in the U.S. and Ascend Mass will be the first dispensary to operate within Boston city limits.

The landmark building commands 16,000 square feet of retail at 272 Friend Street. During the planning phase, the project received broad support from the community and state leaders. Now, as the adult-use store nears opening its doors, it’s set to become an iconic destination that’s at the heart of Massachusetts’ vibrant cannabis community.

“This is a very significant and exciting step for Ascend said Andrea Cabral,” CEO of Ascend Mass. “MA licensure standards are quite high and we are incredibly proud of our team’s work to achieve this milestone.”

The Andrus Group, an award-winning design firm that has worked on other high-volume urban stores for companies such as Apple, Burberry and Tesla, managed construction on the project. Once opened, the Boston store will bring together innovation and education to create a unique and engaging in-store experience for adult consumers.

“Boston is a known technology hub, and Ascend’s newest flagship store complements the dynamic and energetic city where it resides,” said Abner Kurtin, Founder of Ascend Wellness Holdings. “We are thrilled to bring a state-of-the-art retail experience to the City of Boston that will raise the bar for cannabis dispensaries throughout the industry.”

The Boston store is slated to open late 2020. Ascend Wellness Holdings operates adult-use cannabis stores in Illinois and Michigan and looks forward to opening a world-class cannabis retail experience in Massachusetts.

Ascend Wellness Holdings (AWH) Welcomes Thousands of Customers To Illinois Retail Locations on First Days of Legal Cannabis Sales

January 3, 2020

Ascend Wellness Holdings (AWH) Welcomes Thousands of Customers To Illinois Retail Locations on First Days of Legal Cannabis Sales

Collinsville and Springfield Dispensaries serve nearly 3,000 adult-use patrons on historic first day in Illinois

ILLINOIS – Illinois Supply and Provisions (IS&P)- (HCI Alternatives until Jan 27th) – is officially calling the first day of legalized cannabis sales in Illinois and overwhelming success.

Between its two locations in Collinsville and Springfield the vertically integrated operator served 2,990 customers over the course of the day that started at 6 a.m. in central Illinois and ended at 9 p.m. in the metro-east. Long lines that stretched for blocks at both locations began forming on New Year’s Eve and continued well into the early evening hours of January 1st as cannabis enthusiasts embraced the day of celebration.

“We are overwhelmed with the enthusiasm and energy of our first-day customers. Despite the long lines, which we expected, customers were about as respectful and happy as you could want and we share in that celebration with them,” said Ascend Wellness Holdings Founder Abner Kurtin. “We have an incredibly hard-working and knowledgeable team that makes the true difference with our customers,” Added Kurtin.

Over the first two days of sales, IS&P locations were able to see 5,200 customers in large part due to the logistical preparation of company staff. While customers waited in line for hours due to the demand, the average transaction took just under 6 minutes.

“Our ability to see so many people on the first few days is really a testament to the hard work of our staff whose tireless efforts over the last several months really made a huge impact in allowing so many to participate in this historic day,” said AWH Regional Director Kathleen Olivastro.

To better serve customers in a rapidly growing market, IS&P dispensaries are undergoing complete renovations to add more square feet of floor space and point of sale positions as well as doubling its dispensary staff. IS&P plans to open at least two additional, adult-use only, Illinois locations – one in Springfield and one in Fairview Heights – in 2020.

About Ascend Wellness Holdings Ascend Wellness Holdings is a market-leading, vertically-integrated operator with retail and production facilities in Illinois, Ohio, Massachusetts and New Jersey; and strategic partnerships in Michigan. AWH is breaking down traditional walls in the cannabis marketplace to create a unique,