Overview

* Ascend Wellness ( AAWH ) Q2 revenue flat at $127.3 mln, adjusted EBITDA rises 5.7%

* Company fully retires $60 mln term loan via strategic refinancing

* Net loss widens to $24.4 mln due to higher G&A expenses

Outlook

* Company aims for 60 total stores in medium-term

* Ascend Wellness ( AAWH ) to expand high-margin product lines

* Company plans continued share repurchases, subject to limits

Result Drivers

* RETAIL EXPANSION - Retail revenue grew 2.5% driven by the addition of five new stores and strong performance in Ohio

* WHOLESALE DECLINE - Wholesale revenue fell 6.4% due to softer sales in Illinois and price compression

* COST SAVINGS - Adjusted EBITDA improved due to cost-saving initiatives and margin improvements despite pricing pressures

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $127.30

Revenue mln

Q2 EPS -$0.12

Q2 Net -$24.41

Income mln

Q2 -$1 mln

Operatin

g Income

Q2 -$12.58

Pretax mln

Profit

Analyst Coverage

* The one available analyst rating on the shares is "buy"

* Wall Street's median 12-month price target for Ascend Wellness Holdings Inc ( AAWH ) is $4.00, about 88.3% above its August 6 closing price of $0.47

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)