Ascend Wellness, a multi-state, vertically integrated cannabis operator, acquired its second cultivation license and associated operations in Massachusetts. The acquisition, situated in Amesbury, is currently pending regulatory approval, which is expected to be granted in the first half of 2024. In the intervening period, AWH will operate the facility under an interim consulting agreement.
The Amesbury facility is 54,000 square feet, with plans for a targeted investment to encompass 15,000 square feet of canopy and a kitchen. When combined with AWH's existing cultivation and production facility in Athol, Massachusetts, this move will elevate the company's total cultivation space in the state to 70,000 square feet of canopy.
The expansion is a response to the increasing demand for AWH's products in Massachusetts, underscored by the resounding success of the Simply Herb brand, which AWH introduced in the state less than two years ago. Simply Herb has swiftly ascended to the top spot1, capturing a meaningful sales lead over the second highest-ranked brand in the entire state.
