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T. Andrew Brown To Serve As President of AWH New York, Lead Company's Expansion In The Empire State

Distinguished Lawyer & Public Servant to Focus on Equity, Access & Affordability In NYS’ Developing Adult-Use Cannabis Program, Improving Offerings for Medical Cannabis Patients

NEW YORKOct. 14, 2021 – Ascend Wellness Holdings, Inc. (CSE: AAWH.U) (OTCQX: AAWH), a multi-state, vertically integrated cannabis operator, today announced that T. Andrew Brown, founder and managing partner of Brown Hutchinson LLP, has been appointed president of AWH New York, effective immediately.

Mr. Brown will put his more than 35 years of experience in the legal and government sectors to work in building relationships with state and local elected officials, the Office of Cannabis Management, and industry stakeholders, while spearheading AWH’s efforts to ensure communities that have been disproportionately impacted by cannabis prohibition benefit significantly from the Empire State cannabis program.

Pending regulatory approval, AWH is investing in MedMen NY, Inc.’s four existing medical cannabis dispensaries and its cultivation and processing facility. In the short term, AWH will focus on expanding patients’ access to the medications that dramatically improve their quality of life and ease the pain and discomfort caused by a wide variety of ailments and illnesses. Once the state signs off on its plans, AWH will ramp up its efforts to expand into New York’s burgeoning adult-use cannabis market.

“Appointing Andrew Brown is a critical next step to completing this transition prior to the end of 2021, and underscores the significant investment we will make in the Empire State,” said AWH Founder and CEO Abner Kurtin. “In the coming months, AWH will create good-paying jobs while prioritizing equity and providing both patients and adult-use consumers with the high-quality cannabis products for which we are known.”

“AWH has played a key role in shaping the East Coast cannabis market, and I look forward to helping it as a leading player in one of the nation’s most important adult-use markets,” said Mr. Brown. “Over my decades of experience in New York – both as a private practice attorney and in the public sector – I have seen firsthand how the War on Drugs has targeted communities of color, leaving deep financial, social, cultural, and economic wounds that have yet to heal. It is morally incumbent on the cannabis industry to help undo that damage. I applaud AWH’s commitment to social justice, and will further its efforts to demonstrate the positive impact of merging strategic business practices with robust social equity programs.”

Andrew Brown brings a deep knowledge and understanding of New York government, law, and policy to the AWH team, and we are thrilled to have him at the helm as we expand our operations,” said Andrea Cabral, Massachusetts CEO of AWH. “He has proven himself as a genuine ally among industry advocates, and as president of the New York State Bar Association, helped shape New York’s Marijuana Regulation & Taxation Act (MRTA), which is widely regarded as one of the nation’s most progressive, equity-focused examples of cannabis legislation.”

Mr. Brown joins AWH with decades of experience in both the private and public sectors, providing general counsel and representing legal clients at all phases of trial – including Fortune 500 companies, small business, banks, nonprofits and hospitals. Previously, he served as Rochester’s chief legal officer and head of its law department.

Mr. Brown currently serves as the President of the New York State Bar Association and previously was the general counsel of the National Bar Association – the largest association of attorneys and judges of color in the world. For nine years, he was a member of the state’s Board of Regents, which provides general supervision of all educational activities within the state.

About AWH
AWH (CSE:AAWH.U / OTCQX:AAWH) is a vertically integrated operator with assets in IllinoisMichiganOhioMassachusetts and New Jersey. AWH owns and operates state-of-the-art cultivation facilities, growing award winning strains and producing a curated selection of products. AWH produces and distributes Ozone branded products. Bettering your life with cannabis. For more information, visit www.awholdings.com.

Forward-Looking Statements
This news release includes forward-looking information and statements, which may include, but are not limited to, information and statements regarding the plans, intentions, expectations, estimates, and beliefs of the Company. Words such as “expects”, “continue”, “will”, “anticipates” and “intends” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on the Company’s current projections and expectations about future events and financial trends, and on certain assumptions and analysis made by the Company in light of experience and perception of historical trends, current conditions and expected future developments and other factors management believes are appropriate.

Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein. Such factors include, among others: the risks and uncertainties identified in the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2021, and in the Company’s other reports and filings with the applicable Canadian securities regulators and the U.S. Securities and Exchange Commission. Although the Company believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and statements herein are made as of the date hereof, and except as required by applicable laws, the Company assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward looking information and statements herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable laws.

The CSE has not reviewed, approved or disapproved the content of this news release.

 

Contacts

Media Contact

MATTIO Communications

Mel Trecha

(724) 513-9342

[email protected]

 

Investor Contact

Rebecca Koar

Vice President, Investor Relations

(617) 453-4042 ext. 90102

[email protected]


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AWH and Edie Parker Launches Latest Pre-Roll Collection in Massachusetts

Three Flower by Edie Parker pre-roll offerings are now exclusively available at Ascend Boston; the product line will expand to Illinois by early November

NEW YORKOct. 7, 2021 – Ascend Wellness Holdings, Inc. (“AWH”) (CSE: AAWH.U) (OTCQX: AAWH), a multi-state, vertically-integrated cannabis operator, and Edie Parker, a luxury fashion brand known for its vintage-inspired clutches and handbags, today announced the debut of Flower by Edie Parker pre-rolls in Massachusetts. In May, AWH and Edie Parker announced an exclusive wholesale licensing agreement to bring Flower by Edie Parker products to emerging adult-use markets in Massachusetts and Illinois. The coveted West Coast brand first expanded beyond California earlier in March by launching sales in Colorado.

Flower by Edie Parker is now available at AWH’s flagship Boston location at 272 Friend St and became available statewide via AWH’s distribution network on October 3rd. By early November, patients and consumers in Illinois will also be able to purchase Flower by Edie Parker pre-rolls at all eight of AWH’s retail locations. Elegantly packaged and sold in new ‘Best Buds’ twin packs of 0.5 gram pre-rolls, customers can choose from three distinct offerings including:

  • Early Bird, a sativa product featuring a light and creative flavor that pairs well with morning hike or mid-afternoon coffee.
  • Happiest Hour, a hybrid product that’s party perfect, ideal for hanging with friends or a night out dancing.
  • Nightcap, an indica perfect for evening or any relaxation ritual.

Edie Parker’s brand is known for its elegant aesthetic and devotion to delivering top-notch cannabis products and accessories,” said AWH Founder and CEO Abner Kurtin. “We believe Edie Parker will elevate and expand the selection at AWH stores, enticing new customers and delighting returning ones. Bringing this exceptional West Coast brand out East is part of our ongoing strategy of developing deeper relationships with customers in our existing markets, and we are excited to bring Edie Parker’s products to this increasingly sophisticated audience.”

In addition to debuting its pre-rolls in Massachusetts and IllinoisEdie Parker will offer a curated assortment of the brand’s vibrant and artisanal cannabis accessories wherever their products are sold and plan to launch a number of brand activations at AWH stores over the next month.  AWH pop-ups will include Edie Parker’s acclaimed branding featuring imagery, banners and whimsical activations similar to the brand’s most recent New York Fashion Week event.

“Our brand is all about celebrating cannabis with others, and we are thrilled to share our distinctive line of products with two new communities of consumers,” said Brett Heyman, Founder of Flower by Edie Parker. “The idea behind our Best Buds pre-rolls is to share premium cannabis with your best bud. No matter the occasion, our line of products was created to surprise and delight. The AWH team shares our commitment to bringing fun yet polished cannabis experiences to the everyday consumer, and our partnership enables us to show even more consumers how to be loud and proud about their love for the plant.”

About AWH
AWH (CSE:AAWH.U / OTCQX:AAWH) is a vertically integrated operator with assets in IllinoisMichiganOhioMassachusetts and New Jersey. AWH owns and operates state-of-the-art cultivation facilities, growing award winning strains and producing a curated selection of products. AWH produces and distributes Ozone branded products. Bettering your life with cannabis. For more information, visit www.awholdings.com.

Forward-Looking Statements
This news release includes forward-looking information and statements, which may include, but are not limited to, information and statements regarding the plans, intentions, expectations, estimates, and beliefs of the Company. Words such as “expects”, “continue”, “will”, “anticipates” and “intends” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on the Company’s current projections and expectations about future events and financial trends, and on certain assumptions and analysis made by the Company in light of experience and perception of historical trends, current conditions and expected future developments and other factors management believes are appropriate.

Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein. Such factors include, among others: the risks and uncertainties identified in the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2021, and in the Company’s other reports and filings with the applicable Canadian securities regulators and the U.S. Securities and Exchange Commission. Although the Company believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and statements herein are made as of the date hereof, and except as required by applicable laws, the Company assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward looking information and statements herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable laws.

The CSE has not reviewed, approved or disapproved the content of this news release.

About Flower by Edie Parker
Dubbed “the Coco Chanel of Luxury Cannabis” by Forbes, Flower by Edie Parker continues to usher in a new generation of cannabis smokers with an irreverent and unapologetically bold collection of design-forward accessories and cannabis accouterments. Colliding the worlds of fashion and cannabis ‘for a good time’ – Flower by Edie Parker continues to break barriers and de-stigmatize the use of cannabis as a social act.

Priced from $10 to $800, Flower by Edie Parker’s collection features gorgeous acrylic, ceramic and hand blown glass accessories including stash jars, lighters, ashtrays, grinders, bongs, blunt tips, pipes, rolling papers, rolling trays, and a distinctly canna-friendly take on their signature acrylic bags. Beyond seasonal collections of modern accessories featuring designer Brett Heyman’s tongue-in-cheek motifs and signature style, Flower by Edie Parker also offers a full roster of private label flower strains and CBD-only offerings including pre-rolls, tinctures, and topicals.

Since launching in 2019, Flower by Edie Parker & The Edie Parker Foundation, a 501(c)(3) status organization, aims to bring criminal justice reform and racial equality amongst vulnerable, largely marginalized communities through partnering organizations; Women’s Prison Association, The Bail Project, Feeding America, City Meals on Wheels & more. Visit www.EdieParkerFlower.com or @EdieParkerFlower for more information.

Contacts

Media Contact

MATTIO Communications

Mel Trecha

(724) 513-9342

[email protected]

Phoebe Wilson

Mattio Communications

[email protected]

Investor Contact

Rebecca Koar

Vice President, Investor Relations

(617) 453-4042 ext. 90102

[email protected]


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Ascend Wellness Holdings Expands Vertically Integrated Footprint in Ohio

-Closes previously signed acquisition of dispensary in Carroll, OH

-Enters into definitive agreement to acquire dispensary in Coshocton, OH

NEW YORKOct. 1, 2021  – Ascend Wellness Holdings, Inc. (“AWH” or the “Company”) (CSE: AAWH.U) (OTCQX: AAWH), a leading multi-state, vertically integrated cannabis operator, today announced that it has:

  • Completed the acquisition of BCCO, LLC (“BCCO”), which operates a medical dispensary in Carroll, Ohio, and
  • Entered into definitive agreement to acquire Ohio Cannabis Clinic, LLC (“OCC”), which operates a medical dispensary in Coshocton, Ohio.

Management Commentary

“We are thrilled to officially expand our vertically integrated footprint in the rapidly maturing Ohio market,” said Abner Kurtin, CEO and Chairman of AWH. “With adult-use legislation currently under consideration, now is an opportune time to scale our footprint while continuing to provide medical patients with the high-quality products and service they have come to expect from us. By investing in key regions ahead of regulatory events, we have positioned AWH for long-term, sustainable growth in the most attractive markets in the U.S.”  Kurtin added, “We remain focused on disciplined capital allocation and are proud to have completed these acquisitions at multiples that are significantly accretive on a forward-looking basis.”

Current AWH Ohio Footprint

  • Carroll, OH medical dispensary, currently operating under the Ohio Provisions retail brand and is located approximately 25 miles southeast of Columbus.
  • Coshocton, Ohio dispensary, which is pending close and currently operating under the Ohio Cannabis Company brand and is 77 miles northeast of Columbus.
  • Monroe, OH cultivation facility, which closed in May 2021, and affords the Company the opportunity to expand cultivation capacity.
  • Monroe, OH processing facility, the Company previously entered into an agreement with Marichron Pharma, LLC and intends to submit the transaction for state approval once permitted to under state regulations.
  • Together these assets provide the Company with cultivation, processing, and dispensary assets in the state.  AWH intends to migrate both the Ohio Provisions and the Ohio Cannabis Company brands over to the AWH brand by year-end. Additionally, the Company continues to look to expand to the state imposed 5 dispensary cap limit.

Market & Rationale

  • Ohio is the seventh largest state in the U.S. with a population of approximately 11.8 million residents.
  • The medical cannabis program was legalized in 2016 and according to the Ohio Medical Marijuana Control Program, as of July 2021, the market is made up of 53 operating dispensaries and 27 operating cultivators and the program allows for up to 40 processors.
  • In 2020, the legal medical market in Ohio saw $200 million in sales and it is estimated to reach approximately $600 million in 20251.
  • Jefferies estimates that 2020 legal and illicit market sales reached approximately $2.7 billion, making Ohio the 3rd largest market that is only legalized for medical2.

1 8th Edition, The State of the Legal Cannabis Markets, Arcview Market Research (Published May 5, 2020)

2 “Initiate on US Cannabis: Generational Wealth Opportunity, Avg. Upside >100%”, Jefferies, July 7, 2021.

About Ascend Wellness Holdings, Inc.

AWH is a vertically integrated operator with assets in IllinoisMichiganOhioMassachusetts, and New Jersey. AWH owns and operates state-of-the-art cultivation facilities, growing award winning strains and producing a curated selection of products. AWH produces and distributes Ozone branded products. For more information, visit www.awholdings.com.

Forward-Looking Statements

This news release includes forward-looking information and statements, which may include, but are not limited to, information and statements regarding the plans, intentions, expectations, estimates, and beliefs of the Company. Words such as “expects”, “continue”, “will”, “anticipates” and “intends” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on the Company’s current projections and expectations about future events and financial trends, and on certain assumptions and analysis made by the Company in light of experience and perception of historical trends, current conditions and expected future developments and other factors management believes are appropriate.

Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein. Such factors include, among others: the risks and uncertainties identified in the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2021, and in the Company’s other reports and filings with the applicable Canadian securities regulators and the U.S. Securities and Exchange Commission. Although the Company believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and statements herein are made as of the date hereof, and except as required by applicable laws, the Company assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward looking information and statements herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable laws.

The CSE has not reviewed, approved or disapproved the content of this news release.

Contacts

Media Contact

MATTIO Communications

Mel Trecha

(724) 513-9342

[email protected]

Investor Contact

Rebecca Koar

Vice President, Investor Relations

(617) 453-4042 ext. 90102

[email protected]