Exclusive: Ascend Wellness Launches Medical Cannabis Operations in Pennsylvania

Exclusive: Ascend Wellness Launches Medical Cannabis Operations in Pennsylvania

Ascend Wellness Holdings, Inc. AAWH AAWH, a multi-state, vertically integrated cannabis operator focused on bettering lives through cannabis, announced the opening of its Scranton, Pennsylvania dispensary for medical patients only. Ascend Scranton is located at 605 Davis Street.

According to information procured exclusively by Benzinga, "opening officially on Friday, Oct. 21, 2022, the new dispensary will take a similar approach to outlet stores across industries and will cater to patients by offering quality products at everyday low prices."

Ascend Scranton is the first of six expected Ascend dispensaries to come online in Pennsylvania over the next few years, said the company.

As of May 2022, Pennsylvania has more than 700,000 medical cannabis patients registered, with Scranton being the sixth most populous city in the state.

Frank Perullo, interim co-CEO, president, and co-founder of Ascend Wellness Holdings said: “Ascend is thrilled to open dispensary doors in Pennsylvania, an exciting emerging market in medical cannabis.”

Additionally, Daniel Neville, interim co-CEO and chief financial officer said: “Pennsylvania’s medical cannabis space is a burgeoning market, projected to exceed $1 billion in sales in 2023 (...) From our premium flower to our top vape selection, Ascend Scranton will provide the finest products at accessible prices to patients. The Ascend team is proud to join the Pennsylvania cannabis community as we ramp up operations in the Electric City.”

The Ascend Scranton location features 3,000 square feet of dispensary floor space and abundant parking for all visitors.

The location also has one consultation room for private patient appointments.
Picture of Scranton by Ajay Suresh on WIkimedia Commons.

Posted In: Ascend Wellness HoldingsBenzingaDaniel NevilleFrank PerulloInc.CannabisNewsPenny StocksSmall CapMarkets