Ascend Wellness Holdings, Inc. (OTC: AAWH), a vertically integrated, multi-state cannabis operator, reported record-breaking quarterly revenue of $114.2 million for Q1 2023, a 34.2% YoY increase, and a 1.9% QoQ increase. Gross revenue hit $141.2 million, up 39.5% YoY.

Positive cash flow was achieved for the first time since inception, and operations were expanded, including notable acquisitions.

Abner Kurtin, executive chairman, expressed pride in the team for delivering record revenue and positive cash flow, despite the …

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