Ascend Wellness Holdings Address CEO Abner Kurtin Battery Arrest
Ascend Wellness Holdings (CSE: AAWH.U) (OTCQX: AAWH) have provided an after-hours management update issued via PRNewswire at 4:30 PM ET on September 6th, 2022 addressing recent news and allegations regarding the company CEO Abner Kurtin and his recent arrest for battery in Miami Dade-County.
The multi-state, vertically integrated cannabis operator who focus on bettering lives through cannabis announced via news release that the Company is aware of allegations against CEO, Chairman, and Founder Abner Kurtin regarding a domestic-related misdemeanor. The independent members of the Company’s Board of Directors, through its Compensation and Corporate Governance Committee, are conducting an investigation of the matter with the assistance of independent legal counsel, Goodwin Procter, LLP.
In the official statement Ascend Wellness Holdings shared the following:
While the Company cannot comment on an active investigation, it is treating this matter with the utmost seriousness and will continue to evaluate appropriate steps as more information becomes available. The independent members of the Board are keenly attuned to the Company, its shareholders, and employees, and the management team is focused on ensuring AWH continues to operate effectively during this time.
About Ascend Wellness Holdings
Ascend Wellness Holdings is a vertically integrated multistate cannabis operator with licenses and assets in Illinois, Michigan, Ohio, Massachusetts, New Jersey, and Pennsylvania.
Ascend 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 currently produces and distributes in-house Simply Herb, Ozone, and Ozone Reserve branded products.
Ascend Wellness Holdings Stock Price
Ascend Wellness Holdings stock is down -17.05% in the last 5 days at a current price of $2.19 as of the time of publication.