Completes the Acquisition of Two Dispensaries in Chicago and Chicago Ridge, Illinois at Archer Ave and Ridgeland Ave; Begins Planting of Greenhouse in Barry, Illinois

NEW YORK, Jan. 4, 2022 /CNW/ – Ascend Wellness Holdings, Inc. (“AWH” or the “Company”) (CSE: AAWH.U) (OTCQX: AAWH), a multi-state, vertically integrated cannabis operator focused on bettering lives through cannabis, announced the closing of the Company’s definitive agreement to acquire Chicago Alternative Health Center, LLC and Chicago Alternative Health Center Holdings, LLC, (together “Midway”). The acquisition includes two operating adult-use and medical cannabis dispensaries located at 5650 S. Archer Avenue in Chicago and 9820 S. Ridgeland Avenue in Chicago Ridge. The dispensaries were originally branded as “Midway” and have been rebranded to “Ascend by Midway.”

Ascend Wellness Holdings, Inc. Logo (CNW Group/Ascend Wellness Holdings, Inc.)

Ascend Wellness Holdings, Inc. Logo (CNW Group/Ascend Wellness Holdings, Inc.)

The Archer and Ridgeland Ave. dispensaries represent the Company’s seventh and eighth retail locations in Illinois. The Archer Ave. store is ideally located in the southwest Chicago area and is the closest dispensary to Midway Airport. The Ridgeland Ave. store is within walking distance from Chicago Ridge Mall and is easily accessed right off the 294 expressway. Both locations have large parking lots to accommodate high volumes of traffic and each store

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