Ascend Wellness Holdings intends to complete a Private Placement offering to aggregate $7 million in equity financing.
"We are seeing a lot of attractive acquisition opportunities that Ascend believes could be significantly accretive," said John Hartmann, the Chief Executive Officer of Ascend Wellness Holdings, Inc. "We are pleased to raise this equity from an existing debt and equity investor and appreciate their continued support of Ascend and our acquisition strategy. The Private Placement strongly positions Ascend to act strategically and our decision to issue equity at these prices reflects our existing investor's utmost confidence in Ascend and our potential acquisition strategy."
For more information:
Ascend Wellness Holdings
www.awholdings.com