# Ascend Wellness Holdings

Ascend Wellness Holdings is an Asset Manager based in Waltham, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Waltham, United States
- **Region:** North America
- **Address:** Waltham, MA, United States
- **Founded:** 2018
- **Assets under management:** Undisclosed
- **Website:** www.awholdings.com

## Regulatory record

- **Reports private funds:** No

## About

Ascend Wellness Holdings was founded in 2018 as a vertically integrated multistate cannabis operator. The company's operations span limited-license adult-use markets across the Northeast and Midwest, including Illinois, Michigan, Ohio, Massachusetts, New Jersey, Pennsylvania, and Maryland. Its structure combines cultivation, manufacturing, retail, and e-commerce under one platform. The company runs seven state-of-the-art cultivation and manufacturing facilities with about 258,000 square feet of total canopy, supporting production of more than 220,000 pounds per year. Ascend's in-house brands include Simply Herb, Ozone, Common Goods, Effin', and Royale. The company also produces and distributes products for brand partners such as Miss Grass, Lowell Smokes, Flower by Edie Parker, and 1906. Its footprint is concentrated in limited-license states where adult-use laws create strategic real estate advantages. Ascend Wellness Holdings owns or provides operational or logistical support to 49 retail stores across key U.S. markets. The company has not publicly disclosed its team size or executive leadership structure. No recent operational event in the last 24 months has been publicly reported. As a vertically integrated multistate operator, Ascend's structural differentiator lies in its control of the full cannabis supply chain from cultivation to consumer. This model allows the company to capture margin across every stage in limited-license markets that restrict new entrants.

## Sectors

- Cannabis

## Questions

### What states does Ascend Wellness Holdings operate in?

Ascend Wellness Holdings holds licenses and assets in Illinois, Michigan, Ohio, Massachusetts, New Jersey, Pennsylvania, and Maryland (per the firm's website).

### How many retail stores does Ascend Wellness Holdings operate?

Ascend Wellness Holdings owns or provides operational or logistical support to 49 retail stores across key U.S. markets, including partner-operated stores (per the firm's website).

### What brands does Ascend Wellness Holdings produce?

The company produces its in-house brands Simply Herb, Ozone, Common Goods, Effin', and Royale. It also manufactures and distributes products for partner brands including Miss Grass, Lowell Smokes, Flower by Edie Parker, and 1906 (per the firm's website).

### What is Ascend Wellness Holdings' cultivation capacity?

The company operates seven cultivation and manufacturing facilities with approximately 258,000 square feet of total canopy, supporting production of more than 220,000 pounds annually (per the firm's website).

### What is Ascend Wellness Holdings' investment strategy?

Ascend Wellness Holdings operates as a vertically integrated multistate cannabis operator, focusing on limited-license adult-use markets in the Northeast and Midwest. Its strategy involves acquiring licenses to secure premier retail real estate in strategically important regions (per the firm's website).

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Updated: 2026-06-03T20:00:00.000Z

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