Ascend Wellness Holdings, Inc. (“AWH” “Ascend” or the “Company”) (CSE: AAWH.U) (OTCQX: AAWH), a multi-state, vertically integrated cannabis operator focused on better living through cannabis, announced the opening of an Ascend Dispensary Outlet, located at 1206 Recker Rd, Piqua, Ohio. The dispensary will be Ascend’s fourth in the state of Ohio and 34th across its seven-state footprint.1
In 2022, AWH entered into a definitive agreement providing AWH the option to acquire 100% of the equity of Ohio Patient Access LLC (“OPA”).2 In addition to the Piqua provisional license, OPA owns and will operate two other provisionally licensed dispensaries; one operating dispensary in Sandusky, Ohio and one in Cincinnati, Ohio, which is expected to open in the coming weeks. Until close, AWH will benefit from the economics under a support service agreement with OPA.3
The Piqua dispensary will be open Monday to Thursday from 10 am to 7pm, Friday and Saturday from 10 am to 8 pm, and Sunday from 10 am to 5 pm. The dispensary will offer medical products and accept both cash and debit cards through provided cashless ATM terminals. Via Ascend’s support relationship with OPA, this is Ascend’s second outlet store in the state, offering everyday low pricing and discounts. Ascend is proud to offer a wide range of products at everyday low prices, including a variety of cannabis strains, edibles, tinctures, topicals, and other cannabis-infused products.
Expressing his enthusiasm for the opening of the store, Rick Wilkins, Chief of Stores at Ascend Wellness Holdings, stated, “The opening of the Piqualocation is an exciting development, enabling us to broaden access to high-quality cannabis for Ohio patients at consistently affordable prices. We are proud to offer everyday low prices to our consumers and are thankful for the strong partnership with the community and the opportunity to contribute to improved living through cannabis. The opening of the Piqua Dispensary Outlet marks our fourth dispensary and second outlet in the state of Ohio, and we eagerly look forward to further extending our presence in Ohio with the upcoming opening of our Cincinnati store in the coming days. We are also excited about the prospect of welcoming recreational customers, which we anticipate will be possible by the end of 2024, pending regulatory developments.”
The location is equipped with ample parking, making it easily accessible for residents and visitors to the area. Patients must hold an active Ohio medical marijuana card to purchase medical cannabis products at the Piqua dispensary.
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| 1 | Effective once change of ownership occurs. |
| 2 | Subject to regulatory approval. |
| 3 | AWH has the future rights to ownership of both dispensaries, subject to regulatory approval. |
