Ascend Earnings + Call Notes

U.S. cannabis operates details Q125

AWH Q125 FINANCIAL RESULTS

$128M Revs; est. $130M
$27M AEBITDA; est. $25.8M
$39.6M GP; est. $48.9M

Positive Cash from Operations of $5.9M
Ninth Consecutive Quarter of Positive OCF
Company Ended Q125 with $100M of Cash and Cash Equivalents

Launched a share buyback program in January 2025. As of April 30, 2025, the Company has repurchased 1,571,500 Common Shares.

"Building on the groundwork we laid in 2024, we’ve begun to execute the key steps needed to drive long-term value across our business. Our priorities remain improving our profitability, maximizing asset efficiency and enhancing our cash flow generation.

Backed by our strong balance sheet, we are advancing our densification strategy and rolling out consumer-focused retail initiatives across our footprint. We expect actions taken will begin to deliver measurable benefits in the second half of the year."

Sam Brill, Chief Executive Officer

Call Notes