Ascend Wellness closes $9.34M financing with CF Bank

Mr. Sam Brill reports AWH CLOSES $9.3 MILLION MORTGAGE FINANCING ON THREE OHIO PROPERTIES Ascend Wellness Holdings Inc. has entered into and closed, effective Sept. 12, 2025, a $9,345,000 secured financing transaction with CF Bank, pursuant to which AWH mortgaged real estate on three properties in Ohio (the Ohio mortgage loan). The Ohio mortgage loan bears interest at a competitive 8.5 per cent per annum and matures in September, 2030. The Ohio mortgage loan is secured by real estate owned by AWH in Cincinnati, Sandusky and Piqua, Ohio. "This transaction strengthens AWH's balance sheet and demonstrates our ability to execute non-dilutive, low cost of capital financing transactions," said Sam Brill, chief executive officer of Ascend Wellness. "With this attractive financing in place, AWH is well positioned to serve patients and local communities in Ohio's emerging market while positioning for further growth opportunities and delivering value to our shareholders." About Ascend Wellness Holdings Inc. Ascend Wellness is a vertically integrated operator with assets in Illinois, Maryland, Massachusetts, Michigan, New Jersey, Ohio and Pennsylvania. Ascend Wellness owns and operates state-of-the-art cultivation facilities, growing award-winning strains and producing a curated selection of products for retail and wholesale customers. Ascend Wellness produces and distributes its in-house Simply Herb, Ozone, Ozone Reserve, High Wired, Effin', Common Goods and Royale branded products. We seek Safe Harbor.