Ascend Wellness Holdings Beats on Q2 2021 Revenue, Increases Full-Year Net Revenue Guidance To $330-$350M

Vertically integrated cannabis company Ascend Wellness Holdings, Inc. (CSE: AAWH) (OTCQX: AAWH) revealed a 236.2% year-over-year and 28.5% sequential pop in gross revenue on Tuesday, which totaled $97.5 million in the second quarter of fiscal 2021, beating estimates by $4.5 million.

According to its latest earnings report, net revenue improved 26.1% sequentially to $83.4 million. For the six months ended June 30, net revenue was $149.5 million, a 4% increase from the same quarter of 2020. GAAP earnings per share were negative $0.30.

"Our business continues to produce impressive quarter-over-quarter revenue and adjusted EBITDA growth as we scale our wholesale and retail operations across the high-quality markets where we operate," Abner Kurtin, founder and CEO

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