Ascend Wellness announces share buyback program

Ascend Wellness (AAWH) announced it has received authorization from the company’s board of directors to commence a share buyback program. Pursuant to a normal course issuer bid, or NCIB, commencing on January 2, 2025, the company may repurchase up to the lesser of: 10,215,690 shares of the company’s class A common stock, representing approximately 5% of AWH’s outstanding common shares; and $2.25M worth of common shares, in the open market. As of December 24, there were a total of 204,313,808 issued and outstanding common shares.