NEW YORK, Could 7, 2021 /CNW/ – Ascend Wellness Holdings, Inc. (“AWH” or the “Firm”) (CSE: AAWH.U), a multi-state, vertically built-in hashish operator, as we speak introduced that the Underwriters (as outlined under) of its beforehand introduced preliminary public providing of Class A standard inventory (the “Providing”) have totally exercised and closed their choice to buy a further 1,500,000 shares of Class A standard inventory on the Providing worth of US$8.00 per share for extra gross proceeds to the Firm of US$12,000,000. After giving impact to the total train of the over-allotment choice, the full variety of shares offered by AWH within the Providing elevated to 11,500,000 shares and gross proceeds elevated to US$92,000,000.
The Providing was performed by a syndicate of underwriters led by Canaccord Genuity, as sole book-running supervisor, and included Beacon Securities Restricted, Eight Capital, ATB Capital Markets Inc., and Cormark Securities Inc. (collectively, the “Underwriters”).
The Providing was made via a prospectus referring to the Providing (the “Prospectus”), which has been filed with the US Securities and Alternate Fee (the “SEC”). Copies of the prospectus could also be obtained by visiting EDGAR on the SEC’s web site at www.sec.gov, or from: Canaccord Genuity LLC, Consideration: Syndicate Division, 99 Excessive Avenue, twelfth Ground, Boston MA 02110, by electronic mail at [email protected].
In Canada, the Providing was accomplished pursuant to the Firm’s supplemented PREP prospectus dated April 28, 2021 (the “Supplemented PREP Prospectus”), which includes the Prospectus as an attachment. A duplicate of the Supplemented PREP Prospectus is out there beneath the Firm’s profile on SEDAR at www.sedar.com.
AWH is a vertically built-in operator with belongings and companions in Illinois, Michigan, Ohio, Massachusetts and New Jersey. AWH owns and operates state-of-the-art cultivation amenities, rising award profitable strains and producing a curated collection of merchandise. AWH produces and distributes Ozone branded merchandise. For extra info, go to www.awholdings.com.
This information launch consists of forward-looking info and statements, which can embody, however will not be restricted to, the plans, intentions, expectations, estimates, and beliefs of the Firm. Phrases reminiscent of “expects”, “proceed”, “will”, “anticipates” and “intends” or comparable expressions are meant to determine forward-looking statements. These forward-looking statements are based mostly on the Firm’s present projections and expectations about future occasions and monetary traits, the receipt of all required regulatory approvals, and on sure assumptions and evaluation made by the Firm in mild of the expertise and notion of historic traits, present situations and anticipated future developments and different elements administration believes are applicable.
Ahead-looking info and statements contain and are topic to assumptions and identified and unknown dangers, uncertainties, and different elements which can trigger precise occasions, outcomes, efficiency, or achievements of the Firm to be materially totally different from future occasions, outcomes, efficiency, and achievements expressed or implied by forward-looking info and statements herein. Such elements embody, amongst others: the dangers and uncertainties recognized within the Supplemented PREP Prospectus and the Prospectus and within the Firm’s different studies and filings with the relevant Canadian securities regulators and the SEC. Though the Firm believes that any forward-looking info and statements herein are cheap, in mild of the usage of assumptions and the numerous dangers and uncertainties inherent in such info and statements, there will be no assurance that any such forward-looking info and statements will show to be correct, and accordingly readers are suggested to depend on their very own analysis of such dangers and uncertainties and mustn’t place undue reliance upon such forward-looking info and statements. Any forward-looking info and statements herein are made as of the date hereof, and besides as required by relevant legal guidelines, the Firm assumes no obligation and disclaims any intention to replace or revise any forward-looking info and statements herein or to replace the explanations that precise occasions or outcomes may or do differ from these projected in any ahead wanting info and statements herein, whether or not on account of new info, future occasions or outcomes, or in any other case, besides as required by relevant legal guidelines.
The CSE has not reviewed, accredited or disapproved the content material of this information launch.
SOURCE Ascend Wellness Holdings, LLC