Ascend Wellness Holdings Llc Class A ( (AAWH) ) has released its Q1 earnings. Here is a breakdown of the information Ascend Wellness Holdings Llc Class A presented to its investors.
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Ascend Wellness Holdings, Inc. (AWH) is a vertically integrated multi-state cannabis operator with operations across several U.S. states, focusing on cultivating and distributing cannabis products for retail and wholesale markets.
In its first quarter of 2025, AWH reported a net revenue of $128.0 million and an adjusted EBITDA of $27.0 million, alongside generating positive cash from operations for the ninth consecutive quarter. The company ended the quarter with $100.0 million in cash and cash equivalents.
Key financial highlights include a 5.9% decline in net revenue compared to the previous quarter, with retail and wholesale revenues also experiencing decreases. Despite a net loss of $19.3 million, AWH maintained a strong cash position and continued to implement cost-saving initiatives, resulting in a positive cash flow. The company also launched a share buyback program and is pursuing a densification strategy to expand its store count.
Looking forward, AWH management remains focused on enhancing profitability, asset efficiency, and cash flow generation. The company is advancing its expansion strategy with new store openings and consumer-focused initiatives, expecting these efforts to yield benefits in the latter half of the year.