Announced
Synopsis
AWH, a cannabis operator that owns and operates cultivation facilities to provide easy and accessible products, agreed to acquire Ohio Patient Access, an operator of three provisionally licensed dispensaries. Financial terms were not disclosed. "This transaction represents an ideal opportunity to maximize our dispensary footprint in Ohio, a state that has near-term potential for adult-use cannabis sales. Going deep in the states in which we operate and being a top provider in each state is critical to sustainable growth and margin expansion. OPA's dispensaries will be situated in populous, limited-license markets that provide us with a contiguous footprint across the state. We look forward to closing this transaction once authorized under Ohio law and to potential adult-use legalization in the mid-term," Abner Kurtin, Ascend Founder and CEO.
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