Home / Going-concern warnings / Ascend Wellness Holdings, Inc.
Filed 2025-08-07 路 Form 10-Q 路 Accession 0001628280-25-038988 micro
Price before filing: $0.4699 (2025-08-06 close, split/dividend-adjusted)
Market cap at flag: $94.6M (2025-08-07) 路 Latest: $80.1M (2026-10-16)
| Window | AAWH | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +48.9% | +2.5% | +46.4% | 2025-09-08 |
| 90 days | +38.3% | +7.4% | +31.0% | 2025-11-05 |
| 180 days | +37.3% | +9.6% | +27.7% | 2026-02-03 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: no open-market insider sales or purchases reported.
30 days after: none reported.
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-05-09 to 2025-09-06. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"Notes to Unaudited Condensed Consolidated Financial Statements (in thousands, except per unit or per share data) Liquidity As reflected in the Financial Statements, the Company had an accumulated deficit as of June 30, 2025 and December 31, 2024, as well as a net loss for the six months ended June 30, 2025 and 2024, which are indicators that raise substantial doubt of our ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-Q (period 2025-06-30)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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