Ascend Wellness Holdings

Investor type

PE

Founded

2018

AUM

$900 M

Location

Morristown, New Jersey, United States

$10-50 m

Investment Ticket

3-5 years

Investment Horizon

Seed, Series A, Series B

Investment Stage

Sale to strategic investor, IPO

Exit Strategy

Investor profile last updated: 27 July, 2026

Profile

Ascend Wellness Holdings, Inc. (AWH) is a vertically integrated, multi-state cannabis operator focused on producing high quality cannabis products and delivering exceptional retail experiences. With a national footprint that now encompasses 46 locations, including partner stores, AWH cultivation, manufacturing, and retail facilities across Illinois, Massachusetts, New Jersey, Michigan, Ohio, Pennsylvania and Maryland. Our industry leading in-house brands Ozone, Simply Herb, Effin’, High Wired, and Royale span a full spectrum of categories serving customers through both Ascend-owned dispensaries and an expansive wholesale network.

Founded in 2018, AWH is committed to elevating the cannabis industry through innovation, consistency, and responsible growth. The company operates state-of-the-art cultivation and manufacturing facilities and has built one of the most advanced digital retail ecosystems in the industry, including a best-in-class e-commerce platform and Ascend Pay, its cashless payment solution. Through The Co-Lab for Social Equity, AWH partners with equity-owned brands and community organizations to expand opportunity and reinvest in communities disproportionately impacted by prohibition. Guided by integrity and a consumer-first philosophy, Ascend’s mission is to shape the future of cannabis with quality, accessibility, and meaningful community impact.

Industry

Agriculture Business Services (B2B) Healthcare Services Retail Cannabis Consumer Services (B2C) Fashion/Beauty Food and Beverage Foodtech Marketing and Advertising MedTech HealthTech AdTech AgriTech Consumer Products Logistics

Region of investment

North America

Ascend Wellness Holdings Funds

Name Type
Questionare
Industry
Questionare
Stage
Questionare
Region
Size AUM Launch date
AWH 12.75% Senior Secured Notes, Series 2029
Fund of funds
Consumer Products
Consumer Services (B2C)
Retail
Logistics
AgriTech
Seed
Series A
Series B
North America
$5-10 m
$235 M
July 2024

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FAQs about Ascend Wellness Holdings

Ascend Wellness Holdings is located in Morristown, New Jersey, United States.
Ascend Wellness Holdings was founded in 2018.
Ascend Wellness Holdings invests in companies and startups in Agriculture, Business Services (B2B), Healthcare Services, Retail, Cannabis, Consumer Services (B2C), Fashion/Beauty, Food and Beverage, Foodtech, Marketing and Advertising, MedTech, HealthTech, AdTech, AgriTech, Consumer Products, Logistics.
Ascend Wellness Holdings invests in companies and startups in North America.
Ascend Wellness Holdings invests in companies and startups at Seed, Series A, Series B.
Ascend Wellness Holdings usually invests $10-50 m on average.
Ascend Wellness Holdings has around $900m assets under management.
Ascend Wellness Holdings last fund was created/launched in 2024-07-16