Ascend Wellness Holdings Announces Share Buyback Program

MORRISTOWN, N.J., Dec. 27, 2024 /CNW/ - Ascend Wellness Holdings, Inc. ("AWH," or the "Company" or "Ascend") (CNSX:AAWH-U.CN) (OTCQX:AAWH), a vertically integrated multi-state cannabis operator focused on bettering lives through cannabis, today announced it has received authorization from the Company's Board of Directors to commence a share buyback program ("Buyback Program"). Pursuant to a normal course issuer bid ("NCIB") commencing on January 2, 2025, the Company may repurchase up to the lesser of: (i) 10,215,690 shares of the Company's class A common stock ("Common Shares"), representing approximately 5.0% of AWH's outstanding Common Shares; and (ii) US$2.25 million worth of Common Shares, in the open market. As of December 24, 2024, there were a total of 204,313,808 issued and outstanding Common Shares.