Ascend Wellness Holdings Inc (OTCPK:AAWH)

Q2 2026 Ascend Wellness Holdings Inc Earnings Call Transcript

Aug 12, 2026 / 09:00 PM GMT

Release Date Price: $0.415 (-1.19%)

Transcript 10-Q8-K

Key Points

Positve

Q2 2026 net revenue grew 7.9% sequentially to $126.1 million, significantly exceeding the 2-3% growth guidance.
Adjusted EBITDA increased 10.6% sequentially to $29.1 million, with margin expanding to 23.1%.
Retail revenue grew 11.5% sequentially, driven by new store openings and strong same-store transaction growth.
Market share across the seven-state footprint grew nearly 5% sequentially, despite overall market contraction.
New product launches accelerated to 199 in Q2, a 49.6% sequential increase, supporting brand strength.
Retail footprint expanded to 56 stores, up 45% in under two years, with a target of 60+ by year-end.
Cash position improved to $67 million, with strong operating cash flow of $22.5 million in the quarter.
Regulatory tailwinds include DEA rescheduling progress and the upcoming federal hemp ban, expected to benefit licensed operators.

Negative

Wholesale revenue declined 1% sequentially, impacted by New Jersey pricing/volume and the Illinois union strike.
The Illinois union strike disrupted operations for about a month, with full financial impact still being evaluated.
Pricing pressure and competitive intensity persist in several markets, though partially offset by Ohio outperformance.
The Lansing, Michigan cultivation site remains closed for repairs, affecting production capacity.
The company is pursuing a reverse stock split to meet exchange listing requirements, which may be viewed negatively by some investors.
M&A opportunities are largely from distressed sellers, indicating market stress, though they offer high ROI potential.
The company's Q3 guidance of 2-4% top-line growth is conservative, reflecting uncertainties from the strike and hemp ban timing.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AAWHu.CD - Ascend Wellness Holdings Inc
Q2 2026 Ascend Wellness Holdings Inc Earnings Call
Aug 12, 2026 / 09:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Good afternoon and thank you for standing by. Welcome to Ascend Wellness Holdings Q2 2026 Earnings Call.

Before proceeding, the company would like to remind you that the following discussion and presentation contains various forward-looking statements or information.

These forward-looking statements or information are subject to risks and uncertainties that may cause actual results to differ from historical or anticipated results.

For more information on the risks and uncertainties, please refer to today's earnings release and ASIN's FEC and SEDAR filings, including their most recent report on Form 10-K and quarterly report on Form 10-Q.

During today's call, the company will be

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.