Ascend Wellness Holdings, Inc. (OTCQX AAWH) AAWH has been authorised to serve adult-use customers in New Jersey.
AWH will begin adult-use gross sales within the coming weeks beginning with its flagship Ascend Rochelle Park dispensary situated at 174 NJ-17 N. The corporate presently operates two of the state’s 23 medical dispensaries and expects to promote adult-use hashish merchandise at its Montclair retail location at 395 Bloomfield Ave. It would open a 3rd dispensary, situated in Fort Lee, later this yr.
AWH is additionally authorised by the New Jersey Hashish Regulatory Fee to start adult-use cultivation and manufacturing operations at its Franklin facility, which incorporates 16,000 sq. ft of cover that can attain 100,000 sq. ft by year-end 2023. Just lately, the corporate scaled its cultivation capabilities to maintain tempo with the rising whole addressable market projected to exceed $2 billion by 2025. In anticipation of rising client demand, AWH has enhanced native hiring initiatives and plans to create new jobs all through New Jersey.
“AWH has served hundreds of sufferers since coming into New Jersey’s medical market in Might 2021, and we’re outfitted to supply the identical reasonably priced and protected hashish experiences to our rising neighborhood of adult-use customers,” acknowledged Frank Perullo, president of AWH. “Our educated retail group at Ascend Rochelle Park is ready to welcome customers at each stage of their hashish journeys and supply personalised steering for all existence and preferences.”
