[PRESS RELEASE] – NEW YORK, Sept. 30, 2025 – Ascend Wellness Holdings Inc. (AWH), a leading multistate, vertically integrated cannabis operator, entered into and closed, effective Sept. 12, 2025, a $9,345,000 secured financing transaction with CF Bank, pursuant to which AWH mortgaged real estate on three properties in Ohio (the “Ohio mortgage loan”). Ohio mortgage loan has an interest rate of 8.5% and is due in September 2020. The Ohio mortgage loan is secured by real estate owned by AWH in Cincinnati, Sandusky and Piqua, Ohio.
Ascend Wellness’ CEO Sam Brill noted that the transaction “strengthens AWH’s balance sheet” and “demonstrates our capability to execute nondilutive low cost capital financing deals.” With this attractive financing, AWH will be able to better serve the patients and communities of Ohio while preparing for future growth and providing value to its shareholders.