Ascend Welcomes 4th Cannabis Dispensary in Ohio

The state of Ohio gained their fourth cannabis dispensary by Ascend Wellness Holdings, Inc. (AWH), a multi-state operator (MSO), according to a recent press release (1). The new facility is named the “Ascent Dispensary Outlet” and can be found at 1206 Recker Rd., Piqua, Ohio. The Buckeye State now has 34 cannabis dispensaries, four of the dispensaries owned by Ascend Wellness Holdings, Inc. (1).

The press release mentioned that Ascend Wellness Holdings “entered into a definitive agreement providing AWH the option to acquire 100% of the equity of Ohio Patient Access LLC ("OPA") (1). While the deal is waiting to close, Ascend Wellness Holdings will gain from the “economics” through a support service agreement they have with OPA (1).

Ascend Wellness Holdings cannabis dispensary in Piqua will hold hours from 10am to 7pm, Monday through Thursday, 10am to 8pm on Saturdays, and 10am to 5pm on Sundays (1). The facility will be able to provide medical cannabis products which can be paid for via debit cards or cash. Ascend’s support relationship with OPA allows the dispensary to give discounts and lower prices (1).

“The opening of the Piqua location is an exciting development, enabling us to broaden access to high-quality cannabis for Ohio patients at consistently affordable prices. We are proud to offer everyday low prices to our consumers and are thankful for the strong partnership with the community and the opportunity to contribute to improved living through cannabis. The opening of the Piqua Dispensary Outlet marks our fourth dispensary and second outlet in the state of Ohio, and we eagerly look forward to further extending our presence in Ohio with the upcoming opening of our Cincinnati store in the coming days. We are also excited about the prospect of welcoming recreational customers, which we anticipate will be possible by the end of 2024, pending regulatory developments,” Rick Wilkins, Chief of Stores at Ascend Wellness Holdings, said (1).

Reference

1. Ascend Wellness Holdings Inc. AWH Celebrates the Opening of 4th Dispensary in Ohio https://www.prnewswire.com/news-releases/awh-celebrates-the-opening-of-4th-dispensary-in-ohio-302022555.html (accessed Jan 2, 2024).