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Ascend Wellness is asking shareholders to vote on a proposed share consolidation at a ratio of 1:10 to 1:50; the exact ratio will be set by the board. The measure is intended to support a planned application for listing on a national U.S. securities exchange. The extraordinary general meeting will be held on 28 August 2026, proxies must be submitted by 26 August, and the board unanimously recommends a "FOR" vote. The company notes that a consolidation is not a guarantee of a listing or of a sustained rise in the share price. » Altro su de.investing.com

Ascend Wellness filed a notice with the U.S. securities regulator seeking a shareholder vote at an extraordinary general meeting to approve a reverse split of its class A common shares. The virtual meeting will be held on August 28, 2026; shareholders of record as of July 7, 2026, are eligible to vote. If approved, the board would be authorized to implement a consolidation at a ratio between 1-for-10 and 1-for-50 to meet the requirements for listing on a national U.S. exchange, in particular minimum share price requirements; however, listing or a sustained share-price increase is not guaranteed. At the time of the filing the stock traded at $0.43, near its 52-week low, and approximately 203.03 million class A shares were outstanding; the board unanimously recommends adopting the proposal. » Altro su de.investing.com

Ascend Wellness reported Q1 2026 revenue of $116.9 million (expectation $118.83 million) and EPS of -$0.15 (expectation -$0.10). Despite the miss, adjusted gross margin rose 70 basis points to 46.1%, and adjusted EBITDA was $26.3 million (margin 22.5%). The company plans to expand its store network from 51 to at least 60 locations by the end of 2026 and recorded a 34% quarter‑over‑quarter increase in loyalty program members. » Altro su de.investing.com