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Ascendwellness

OTC: AAWHUnicorn · $1.3B

Morristown, US · Delaware corporation · 2 known investors

Find your way into Ascendwellness

922 people in our graph share verified history with the Ascendwellness team — schools, employers, funds. One of them is your warm intro.

Lucy Bradyunlockedknows Roman Nemchenko · together at Oscar Insurance (overlapped)
×5knows the team · via Oscar Insurance
×6knows the team · via Fortress Investment Group

Ascend Wellness Holdings is a vertically integrated cannabis company that cultivates, manufactures, and retails cannabis products through company-owned and partner-operated stores across the U.S., with operations concentrated in limited-license markets in the Northeast and Midwest regions.

Consumer

Founders & leadership

AKAbner Kurtin
Abner KurtinFounder
RNRoman Nemchenko
Roman NemchenkoChief Financial OfficerRoman Nemchenko is Executive Officer at Ascend Wellness Holdings, a vertically integrated cannabis company. He brings finance and accounting expertise from roles in hypergrowth startups and Fortune 500 organizations across banking, insurance, technology, and other sectors, with experience in IPO preparation, M&A, financial analysis, and SEC compliance.
SBSamuel Brill
Samuel BrillChief Executive OfficerSamuel Brill is CEO of Ascend Wellness Holdings, a vertically integrated cannabis company. He brings more than 28 years of experience in capital markets and corporate finance, including seven years as President and Chief Investment Officer of Seventh Avenue Investments, a private equity firm, and over 13 years as Chief Investment Officer and Portfolio Manager of Weismann Capital, a single-family office.
FP
Frank PerulloNamed on SEC filing

Board

SS
Scott SwidBoard director
EP
Emily PaxhiaManager
JG
Josh GoldBoard director
JH
John HartmannBoard director
JF
Julie FrancisBoard director

Investors · 2

JM10inferredNew York

How we know: board seat on SEC Form D · Not right? Tell us

Reported raises · per SEC filings

Form D private placements

$209.4M disclosed across 8 of 9 rounds · 2018–2025

▶$50MraisedJun 2025 · 4 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Abner KurtinExecutive Officer, Director
  • Frank PerulloExecutive Officer, Director
  • Josh GoldDirector
  • Roman NemchenkoExecutive Officer
  • Julie FrancisDirector
  • Scott SwidDirector
  • Samuel BrillExecutive Officer, Director
Offering amount
$50M
Amount sold
$50M
Sales commissions
$250K
Placement agents
Seaport Global Securities LLC
First sale
May 2025
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$15MraisedJan 2025 · 4 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Scott SwidDirector
  • Josh GoldDirector
  • Abner KurtinExecutive Officer, Director
  • John HartmannDirector
  • Julie FrancisDirector
  • Roman NemchenkoExecutive Officer
  • Frank PerulloDirector
  • Samuel BrillExecutive Officer, Director
Offering amount
$15M
Amount sold
$15M
Sales commissions
$50K
Placement agents
Seaport Global Securities LLC
First sale
Jan 2025
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$7MraisedJul 2023 · 1 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Abner KurtinExecutive Officer, Director
  • Samuel BrillDirector
  • Daniel NevilleExecutive Officer
  • Josh GoldDirector
  • Scott SwidDirector
  • Francis PerulloDirector
  • John HartmannExecutive Officer, Director
Offering amount
$7M
Amount sold
$7M
First sale
Jun 2023
Incorporated
Corporation, Delaware, 2018
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$9.7MofferedJul 2022 · 5 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Robin DebiaseExecutive Officer
  • Scott SwidDirector
  • Daniel NevilleExecutive Officer
  • Chris MelilloExecutive Officer
  • Francis PerulloExecutive Officer, Director
  • Emily PaxhiaDirector
  • Abner KurtinExecutive Officer, Director
  • Joseph HinrichsDirector
Offering amount
$9.7M
Incorporated
Corporation, Delaware, 2018
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$42.8MraisedApr 2022 · 3 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Francis PerulloExecutive Officer, Director
  • Abner KurtinExecutive Officer, Director
  • Chris MelilloExecutive Officer
  • Joseph HinrichsDirector
  • Daniel NevilleExecutive Officer
  • Emily PaxhiaDirector
  • Robin DebiaseExecutive Officer
  • Scott SwidDirector
Offering amount
$42.8M
Amount sold
$42.8M
First sale
Apr 2022
Incorporated
Corporation, Delaware, 2018
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$40.7MraisedJan 2021 · 11 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Abner KurtinExecutive Officer, Director
  • Frank PerulloExecutive Officer, Director
  • Christopher LeavyDirector
  • Emily PaxhiaDirector
  • Scott SwidDirector
Offering amount
$49.5M
Amount sold
$40.7M
First sale
Jan 2021
Incorporated
Limited Liability Company, Delaware, 2018
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$17.2MraisedJun 2019 · 9 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Christopher LeavyDirector
  • Emily PaxhiaDirector
  • Scott SwidDirector
  • Frank PerulloDirector
  • Abner KurtinDirector
Offering amount
$35M
Amount sold
$17.2M
First sale
Jun 2019
Incorporated
Limited Liability Company, Delaware, 2018
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$28MraisedMar 2019 · 26 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Emily PaxhiaDirector
  • Scott SwidDirector
  • Abner KurtinDirector
  • Frank PerulloDirector
  • Christopher LeavyDirector
Offering amount
$38M
Amount sold
$28M
First sale
Mar 2019
Incorporated
Limited Liability Company, Delaware, 2018
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Valuation · disclosed

Disclosed events
$1.3Bvaluation at IPOApr 2021 · $8.00/share · 424B4
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Frequently asked questions

What does Ascendwellness do?
Ascend Wellness Holdings is a vertically integrated cannabis company that cultivates, manufactures, and retails cannabis products through company-owned and partner-operated stores across the U.S., with operations concentrated in limited-license markets in the Northeast and Midwest regions.
Who founded Ascendwellness?
Ascendwellness was founded by Abner Kurtin.
Who are Ascendwellness's investors?
Ascendwellness's investors include Salveo Capital, JM10.
How much funding has Ascendwellness raised?
Ascendwellness has disclosed $209.4M raised across 8 of its 9 known rounds.
Where is Ascendwellness headquartered?
Ascendwellness is headquartered in Morristown, US.