Cannabis Giant Ascend Wellness Raises $50M in Oversubscribed Notes Offering as Part of $250M Series

The Cannabist Co. Completes Previously Announced Plan of Arrangement

The arrangement resulted, in part, in the exchange of outstanding senior secured convertible notes and senior secured first-lien notes.

Ascend Closes $50M Private Placement of Senior Secured Notes

NEW YORK – Ascend Wellness Holdings Inc., a multistate, vertically integrated cannabis operator, closed a private placement of $50 million of its 12.75% Senior Secured Notes, due 2029. The notes form part of the same series of the $250 million aggregate principal amount of the company’s 12.75% senior secured notes due 2029, of which $235 million aggregate principal amount was issued July 16, 2024, and $15 million aggregate principal amount was i…

Cannabis Giant Ascend Wellness Raises $50M in Oversubscribed Notes Offering as Part of $250M Series

Multi-state cannabis operator strengthens balance sheet with strategic debt refinancing. New notes carry 12.75% interest rate through 2029. See growth strategy details.