Ascend Wellness Holdings Inc. has been ordered to pay approximately $19.7 million to Green Thumb Industries Inc. following a confidential arbitration related to a 2018 side letter agreement. The dispute centered on purchase obligations stemming from Ascend’s capital raise that year. Both parties were found to have breached the agreement, with the arbitrator awarding damages to each side, resulting in a net award to Green Thumb Industries. Ascend Wellness Holdings is currently reviewing its options and does not expect the outcome to materially disrupt its ongoing operations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ascend Wellness Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-006090), on February 06, 2026, and is solely responsible for the information contained therein.