Ascend Wellness Announces New Dispensary Opening in Wharton, New Jersey

~ Grand opening planned for June 28, 2024 ~

NEW YORK, June 20, 2024 /PRNewswire/ – Ascend Wellness Holdings, Inc. (“AWH”, “Ascend” or the “Company”) (CSE: AAWH-U.CN) (OTCQX: AAWH), a multi-state, vertically integrated cannabis operator, announces the move of its cannabis dispensary to Montclair, New Jersey has Wharton, New Jersey. The move underscores the company’s commitment to serving the growing medical and adult-use cannabis market in New Jersey and provide its customers with convenience through a strategic location and diverse offerings.

Ascend Wharton Dispensary offers both medical and adult customers the Morris County area a wide selection of cannabis products, including popular whole flower products, vaporizers, concentrates, ingestibles, topicals and accessories. This location will also feature a drive-thru, Ascend’s second drive-thru location in its 37 stores, allowing customers to have a convenient experience.

“The opening of Ascend’s Wharton location will allow us to serve an underserved market in New Jersey,” said Rick Wilkins, head of stores at Ascend. “We are committed to serving both our medical patients and adult customers, ensuring we meet their needs responsibly. This decision reflects our commitment not only to growing our business, but also to adapting to the changing demands of our customers.

To celebrate the opening of Wharton dispensary, Ascend invites customers, patients and community members to join the grand opening festivities on June 28, 2024. Attendees will have the opportunity to explore the facility, meet the Ascend team and learn more about the company’s commitment to meeting evolving consumer needs.

Spanning approximately 3,000 square feet, the Wharton The location has 13 sales terminals to ensure efficient service and minimal wait times for patients. The presence of six kiosks, two on-site ATMs and spacious parking further enhances the convenience of the shopping experience, offering multiple transaction options.

Ascend customers can also join the Ascenders Club for free, where shopping becomes even more rewarding. Highlights include earning 1 point for each $1 spent at Ascend with bonus points for referring friends. Customers can register in-store or online at www.letsascend.com.

Ascend Wharton is located at 325 NJ-15 in Wharton, New Jersey and will be open Monday to Sunday from 8 in the morning – 10:00 p.m..

For more information about Ascend and its dispensaries, visit www.awholdings.com.

About Ascend Wellness Holdings, Inc.

AWH is a vertically integrated operator with assets in Illinois, Maryland, Massachusetts, Michigan, Ohio, New Jersey, and Pennsylvania. AWH owns and operates state-of-the-art cultivation facilities, growing award-winning varieties and producing a select selection of products for retail and wholesale customers. AWH produces and distributes its in-house branded products Common Goods, Simply Herb, Ozone, Ozone Reserve, Tunnel Vision and Royale. For more information, visit www.awholdings.com.

Caution Regarding Forward-Looking Information

This press release includes forward-looking information and statements, which may include, but are not limited to, the Company’s plans, intentions, expectations, estimates and beliefs. Words such as “expects,” “continue,” “will,” “anticipates,” and “intends” or similar expressions are intended to identify forward-looking information and statements. Without limiting the generality of the foregoing statement, this press release contains forward-looking information and statements regarding the Company’s current projections and expectations regarding future events and financial trends, the timely receipt of all required regulatory approvals and the general stability of the economic situation and political environment. We caution investors that such forward-looking information and statements are based on certain assumptions and analyzes made by the Company in light of the Company’s experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that management believes. are appropriate.

Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties and other factors that may cause the actual events, results, performance or achievements of the Company to be materially different from the actual events, results, performance or achievements of the Company. performance, and achievements expressed or implied by the forward-looking information and statements contained herein. These factors include, among other things, the risks and uncertainties identified in the Company’s Annual Report on Form 10-K for the current fiscal year. December 31, 2023, as well as in other reports and documents filed by the Company with the applicable Canadian securities authorities on its profile on SEDAR+ at www.sedarplus.ca and with the SEC on its profile on EDGAR at www. .sec.gov. Although the Company believes that the forward-looking information and statements contained herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that such forward-looking information and statements will prove to be accurate and, accordingly, readers are advised to rely on their own assessment of such risks and uncertainties and not to place undue reliance on such forward-looking information and statements. All forward-looking information and statements contained herein are made as of the date hereof, and except as required by applicable laws, the Company assumes no obligation and disclaims any intention to update or revise any information or statements forward-looking statements contained herein or to update the reasons. that actual events or results may differ or differ from those projected in the forward-looking information and statements contained herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable laws require it.

The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this press release.

SOURCE Ascend Wellness Holdings, Inc.