Ascend Wellness Revises Executive Compensation and Note Terms

Ascend Wellness Holdings LLC (AAWH) has provided an update.

Ascend Wellness Holdings, Inc. has revised its employee compensation structures to better match current company practices, as greenlit by its board and relevant committees. Executive Chairman Abner Kurtin and EVP of Corporate Affairs Francis Perullo have both entered new employment agreements with altered terms and benefits, including changes to base salaries, bonuses, stock options, and severance packages. Additionally, the company has adjusted the terms of a secured promissory note with a Massachusetts dispensary partially managed by Mr. Kurtin, increasing the interest rate and setting new repayment conditions. These developments reflect the company’s ongoing efforts to maintain a competitive and fair compensation system and manage its financial engagements effectively.

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