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Ascend Wellness Closes Acquisition of Four Maryland Dispensaries

This marks the company's expansion into Maryland, its seventh state.

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Ascend Wellness Holdings, a multi-state, vertically-integrated cannabis operator, closed on the previously announced acquisition of four licensed dispensaries in Aberdeen, Crofton, Ellicott City, and Laurel under the names Nature's Medicines and True Wellness from Devi Holdings, Inc. ("Devi"). This marks the company's expansion into Maryland, its seventh state, in primarily limited license markets across the Midwest and East Coast.

"We are thrilled to officially operate in Maryland, a state on the verge of adult-use and home to more than six million people," said Abner Kurtin, Executive Chairman and Founder of AWH. "We are looking forward to the start of adult-use sales in the state, which we expect to commence in July 2023, following Governor Moore's signature of the legislation."

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