Ascend Wellness Holdings, Inc. (AAWH) opened its sixth Ohio retail location on January 14, 2026, at 7701 Hoke Road in Englewood. The new store serves both medical patients and non‑medical customers, adding to the company’s existing Ohio sites in Piqua, Cincinnati, Sandusky, Coshocton and Carroll.
The Englewood location is part of AAWH’s densification strategy, which seeks to increase store density in key markets and capitalize on Ohio’s transition to dual‑use dispensaries. Ohio’s medical cannabis market generated roughly $484 million in sales in 2023, and the new store positions AAWH to capture a larger share of that expanding customer base.
The company expects the Englewood dispensary to contribute to retail revenue growth and reinforce its vertically integrated ecosystem that spans cultivation, manufacturing and retail. By adding a new point of sale, AAWH can leverage its in‑house brands—Ozone Reserve and Simply Herb pre‑rolls—across a broader geographic footprint, improving economies of scale and brand visibility.
CEO Sam Brill said, “As Ohio’s cannabis market continues to take shape, expanding our retail presence allows us to better serve patients and customers across the state. We’re excited to open this new location and strengthen our position in a competitive market.”
Recent quarterly results show that AAWH has experienced revenue growth in some periods but also faced margin pressure from pricing competition. For example, the company’s Q1 2025 revenue fell 10% year‑over‑year, while net losses widened and adjusted gross profit margins declined, reflecting the challenges of scaling in a price‑sensitive market.
Ohio’s cannabis industry remains highly competitive, with many operators vying for limited licenses. The Englewood opening demonstrates AAWH’s commitment to expanding its footprint in a state that is actively encouraging dual‑use dispensaries, potentially unlocking new revenue streams and enhancing customer reach.
Overall, the Englewood dispensary launch signals AAWH’s continued focus on densification and vertical integration, positioning the company to capture growth in Ohio’s evolving cannabis market.
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