Vertically integrated cannabis company Ascend Wellness Holdings, Inc. (CSE: AAWH.U) reported Tuesday it had generated $66.1 million in the first quarter of 2021, representing a 21.8% sequential growth.
The New York-based company disclosed that total retail revenue hit $45.5 million in the first three months of the fiscal year, up by 20% quarter-over-quarter. Total transactions increased 27.9% sequentially to roughly 411,000.
AWH operates 14 dispensaries, including shops in Fairview Heights, Illinois and Grand Rapids, Michigan, which It launched during the first quarter. In April the company opened a 16,000-square foot pot supermarket in downtown Boston Massachusetts.
Abner Kurtin, AWH's founder and CEO, said the positive quarterly results reflect the company's strong fundamentals.
"By allocating our investors' capital in …