Ascend Wellness Holdings announced the expansion of its retail presence with the opening of its fifth dispensary in Pennsylvania on September 10, 2024. This new location marks Ascend's 39th dispensary across its seven-state operational footprint.
The expansion underscores the company's commitment to serving the growing medical cannabis market within Pennsylvania. Increasing the number of retail locations is a key component of Ascend's strategy to enhance market penetration and accessibility for consumers.
This move is expected to contribute to Ascend's overall revenue growth by capturing a larger share of the Pennsylvania market. The company focuses on strategic densification to maximize the value of its existing assets and drive vertical sales.
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