Ascend Wellness Holdings, Inc. (AAWH) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you. Thank you. Thank you. Thank you. © transcript Emily Beynon Thank you. Thank you. Thank you. Good afternoon and thank you for standing by. Welcome to ASCEND Wellness Holdings fourth quarter and full year 2025 earnings call. Before proceeding, ASCEND would like to remind you that the following discussion and presentation contains various forward-looking statements or information. These forward-looking statements or information are subject to risks and uncertainties that may cause actual results to differ from historical or anticipated results. For more information on the risks and uncertainties, please refer to today's earnings release and AWH's SEC and SEDAR filings, including their most recent report on Form 10-K. During today's call, the company will be referring to non-GAAP financial measures, such as adjusted EBITDA. Reconciliations to the most directly comparable gap measures are in an appendix to the presentation and in the company's earnings release. I am pleased to introduce the Ascend management team joining us on today's call. We will begin with Sam Brill, Chief Executive Officer and Director, who will provide an overview of the company's strategic priorities and key operational developments over the fourth quarter and full year 2025. After that, Roman Nemchenko, Chief Financial Officer, will review the company's financial results for those periods. With that, I'd like to turn the call over to Sam Brill. Sam, please go ahead. Thank you, operator. Good afternoon, everyone, and thank you for joining our fourth quarter and full year 2025 earnings call. 2025 was a pivotal year for Ascent. With refreshed leadership in place, we made significant organizational changes and executed on our initiatives to drive sustainable growth, strengthen operational ef...