– Enters into a definitive agreement to acquire four operating dispensaries in Maryland –
– Enters operations in its seventh state –
NEW YORK, Jan. 25, 2023 /CNW/ – Ascend Wellness Holdings, Inc. (“AWH” or the “Company”) (CSE: AAWH.U) (OTCQX: AAWH), a multi-state, vertically-integrated cannabis operator focused on bettering lives through cannabis, announced that today it entered into a definitive agreement (the “Agreement”) to acquire the Maryland assets of Devi Holdings, Inc. (“Devi”), which owns and operates four licensed dispensaries in Aberdeen, Crofton, Ellicott City, and Laurel under the names Nature’s Medicines and True Wellness. The Agreement will expand AWH’s operations into a seventh state as the company continues to build its footprint in limited license states across the Midwest and East Coast.
“Maryland is an ideal state to expand our footprint – home to more than six million people, a mature medical cannabis program, and voter-approved support to create an adult-use cannabis market,” said Abner Kurtin, Executive Chairman and Founder of AWH. “This Agreement reflects our strategy of entering limited-license, late-stage medical markets with an anticipated adult-use cannabis market launch. This approach has made AWH a leader in New Jersey and Illinois, and we are following the same playbook in Ohio, Pennsylvania, and