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Ascend Wellness reports $116.9M Q1 revenue, adds 5 dispensaries, eyes growth from cannabis rescheduling.

Company Fundamentals
13 May 2026
PRNewsWire
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Bullish
pluang ai news

Ascend Wellness Holdings posted $116.9 million in net revenue and $26.3 million in adjusted EBITDA for Q1 2026, with a net loss of $29.5 million, improving from the previous quarter. The company expanded its retail footprint by adding five dispensaries and ranks as the No. 2 cannabis brand house across Illinois, Massachusetts, and New Jersey. It expects benefits from recent medical cannabis rescheduling and plans further store openings to drive growth. Operational resilience and brand portfolio enhancements position Ascend for continued market share gains and margin improvements in 2026.

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