Ascend Wellness Holdings

Investor type

PE

Founded

2018

AUM

$900 M

Location

Morristown, New Jersey, United States

Investment Ticket

$10-50 m

Investment Stage

Seed Series A Series B

Region of investment

North America

ESG Focus

Impact investor
Investor profile last updated: 16 August, 2026

Profile

Ascend Wellness Holdings, Inc. (AWH) is a vertically integrated, multi-state cannabis operator focused on producing high quality cannabis products and delivering exceptional retail experiences. With a national footprint that now encompasses 46 locations, including partner stores, AWH cultivation, manufacturing, and retail facilities across Illinois, Massachusetts, New Jersey, Michigan, Ohio, Pennsylvania and Maryland. Our industry leading in-house brands Ozone, Simply Herb, Effin’, High Wired, and Royale span a full spectrum of categories serving customers through both Ascend-owned dispensaries and an expansive wholesale network.

Founded in 2018, AWH is committed to elevating the cannabis industry through innovation, consistency, and responsible growth. The company operates state-of-the-art cultivation and manufacturing facilities and has built one of the most advanced digital retail ecosystems in the industry, including a best-in-class e-commerce platform and Ascend Pay, its cashless payment solution. Through The Co-Lab for Social Equity, AWH partners with equity-owned brands and community organizations to expand opportunity and reinvest in communities disproportionately impacted by prohibition. Guided by integrity and a consumer-first philosophy, Ascend’s mission is to shape the future of cannabis with quality, accessibility, and meaningful community impact.

Industry

AgriTech AdTech HealthTech MedTech Marketing and Advertising Foodtech Consumer Services (B2C) Cannabis Retail Agriculture Consumer Products Logistics

Ascend Wellness Holdings Funds

Name Type
Questionare
Industry
Questionare
Stage
Questionare
Region
Size AUM Launch date
AWH 12.75% Senior Secured Notes, Series 2029
Fund of funds
Consumer Products
Consumer Services (B2C)
Retail
Logistics
AgriTech
Seed
Series A
Series B
North America
$5-10 m
$235 M
July 2024

Contacts

Name
Title
Email
avatar
Abner Kurtin Founder
Founder
a•••@•••
avatar
Frank Perullo Co-Founder and Director
Co-Founder and Director
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Investment-team contacts for Ascend Wellness Holdings — including verified work emails and LinkedIn profiles — are available to Private Equity List subscribers.
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FAQs about Ascend Wellness Holdings

Ascend Wellness Holdings is a private equity firm. It backs companies at Seed, Series A and Series B, writing tickets of $10-50 m.
Ascend Wellness Holdings is located in Morristown, New Jersey, United States.
Ascend Wellness Holdings was founded in 2018.
Ascend Wellness Holdings invests in companies and startups in AgriTech, AdTech, HealthTech, MedTech, Marketing and Advertising, Foodtech, Consumer Services (B2C), Cannabis, Retail, Agriculture, Consumer Products, Logistics.
Ascend Wellness Holdings invests in companies and startups in North America.
Ascend Wellness Holdings invests in companies and startups at Seed, Series A, Series B.
Ascend Wellness Holdings usually invests $10-50 m on average.
Ascend Wellness Holdings has around $900m assets under management.
Ascend Wellness Holdings last fund was created/launched in 2024-07-16
Yes, Ascend Wellness Holdings is impact investor.
Ascend Wellness Holdings can be reached through its website awholdings.com, its LinkedIn page and its X account. Its general enquiries address is [email protected]. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for Ascend Wellness Holdings — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.
Yes. Every field on this page — profile, funds, investment criteria, portfolio and investment-team contacts — is available programmatically through the Private Equity List REST API and MCP server, so AI assistants such as Claude and ChatGPT can query Ascend Wellness Holdings directly instead of scraping this page. One subscription covers both the web app and machine access — see API & MCP.
Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 16 August, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.