Ascend Wellness Holdings Inc.
02/13/2026 | Press release | Distributed by Public on 02/13/2026 15:35
Material Event (Form 8-K)
Item 8.01. Other Events.
As previously disclosed in the Current Report on Form 8-K filed by Ascend Wellness Holdings, Inc. (the "Company") on February 6, 2026, an arbitrator issued an award (the "Award") in favor of Green Thumb Industries Inc. and TWD18, LLC (collectively, "GTI") relating to a June 2018 side letter agreement between the parties, resulting in a net award to GTI of approximately $19.7 million.
Subsequent to the issuance of the Award, the Company entered into a settlement agreement dated February 11, 2026 with GTI (the "Settlement Agreement") pursuant to which the parties agreed to resolve and fully satisfy the Award in exchange for a negotiated payment of $17.0 million. The Company has paid the settlement amount in accordance with the Settlement Agreement, and the Award has been fully satisfied, discharged, and extinguished.
The Settlement Agreement resolves all claims asserted in the arbitration proceeding. The Company does not expect the settlement to result in any material disruption to its ongoing operations.
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