Mr. Sam Brill reports

AWH REMINDS STOCKHOLDERS TO VOTE ON REVERSE STOCK SPLIT FOR AUGUST 28 SPECIAL MEETING

Ascend Wellness Holdings Inc. has asked stockholders to vote their shares in connection with the company's special meeting of stockholders to be held virtually on Friday, Aug. 28, 2026, at 11 a.m. Eastern Time.

Stockholders are being asked to vote on a proposal to approve a reverse stock split of the company's Class A common stock at a ratio between 1-for-10 and 1-for-50, to be implemented at the discretion of the board of directors in support of the company's planned application to list the Class A common shares on a national securities exchange, as well as a related proposal to adjourn the special meeting, if necessary, to solicit additional proxies. There can be no assurance, however, that the company will be listed on a United States national securities exchange or that the reverse stock split will result in a sustained increase in the trading price of the Class A common shares.

The board unanimously recommends that stockholders vote for each proposal.

"Every vote counts as we work toward our goal of uplisting on a major U.S. exchange," said Sam Brill, chief executive officer and director of Ascend. "We encourage all stockholders to submit their proxy today, even if they plan to attend the virtual meeting."

Voting deadline and instructions

Stockholders of record as of the close of business on July 7, 2026, are entitled to vote. Because approval of the reverse stock split proposal requires the affirmative vote of holders of a majority of the company's outstanding Class A common shares entitled to vote, every unvoted share and every abstention has the same effect as a vote "against" the proposal.

Votes may be cast by proxy in advance of the special meeting or online during the virtual special meeting. Proxies must be received no later than 11 a.m. Eastern Time on Wednesday, Aug. 26, 2026. Stockholders who have already submitted a proxy do not need to take further action; voting online during the special meeting will automatically revoke any previously submitted proxy.

Stockholders who hold shares through a bank, broker, or other intermediary should follow the voting instructions provided by that intermediary.

For questions about voting, or for assistance submitting a proxy, please contact the company's transfer agent, Odyssey Trust Company, at 888-290-1175 (within North America) or 587-885-0960 (outside North America), or by e-mail at shareholders@odysseytrust.com.

Complete details regarding the proposals are set out in the definitive proxy statement filed with the U.S. Securities and Exchange Commission (SEC), on SEDAR+ and on the website of Odyssey Trust Company. Stockholders are encouraged to read the proxy statement in its entirety.

About Ascend Wellness Holdings Inc.

Ascend Wellness is a vertically integrated cannabis operator with assets in Illinois, Maryland, Massachusetts, Michigan, New Jersey, Ohio and Pennsylvania. Ascend Wellness owns and operates state-of-the-art cultivation facilities, growing award-winning strains, and producing a curated selection of products for retail and wholesale customers. Ascend Wellness produces and distributes its in-house Ozone, Simply Herb, High Wired, Honor Roll, Royale and Effin' branded products.

We seek Safe Harbor.