AWH Files Registration Statement On Form S-3 Containing A Base Shelf Prospectus

Ascend Wellness Holdings, Inc. AAWH AAWH filed a registration statement on form S-3 containing a base shelf prospectus with the United States Securities and Exchange Commission on November 22, 2022. The registration statement is expected to become effective following review by the SEC. A corresponding preliminary base shelf prospectus has been filed with the securities regulatory authorities in each of the provinces of Canada, excluding Québec, under the U.S.-Canada multijurisdictional disclosure system.

The registration statement and Canadian prospectus will qualify the distribution from treasury of up to an aggregate amount of $100 million worth of shares of class A common stock, preferred stock, warrants, debt securities, subscription rights and/or units of the company, or any combination, over the period that each of the registration statement and Canadian prospectus remain effective, respectively.

"While we do not have immediate plans to issue securities under the registration statement or the Canadian prospectus, we deemed it prudent to prepare ourselves to take advantage of markets should they evolve into a more accretive financing alternative," stated Dan Neville, interim co-CEO and CFO. "This filing allows us the flexibility to pursue additional financing opportunities should they become in the best interest of our shareholders."

The terms of any securities to be offered under the base prospectus will be specified in a prospectus supplement, which will be filed with the applicable U.S. and Canadian securities regulatory authorities in connection with any such offering.

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