Ascend Wellness CEO John Hartmann said he recently acquired 192,500 shares of Class A common stock in his company, a move he said demonstrates "his strong belief in its mission and future prospects."
"As CEO, I am deeply committed to AWH's vision and growth trajectory," said Hartmann. "My decision to acquire shares underscores my unwavering confidence in our team, our strategy, and the immense potential of the cannabis industry. I believe strongly in the value we are creating for our stockholders and remain dedicated to driving sustainable growth, profitability and cashflow."
The stock purchase comes after AWH recently reported total 2023 net revenue of $518.6 million, an increase of 27.8% year-over-year. The company also managed to shrink its net loss to $48.2 million, compared to $80.9 million in 2022.
AWH remains focused on executing its growth strategy, which is centered on densifying its retail presence, expanding wholesale penetration, and driving innovation and productivity across its operations. Hartmann's recent stock acquisition further reinforces the Company's commitment to delivering value and generating sustainable growth for its stockholders.
