T. Andrew Brown To Serve As President of AWH New York, Lead Company's Expansion In The Empire State

Distinguished Lawyer & Public Servant to Focus on Equity, Access & Affordability In NYS' Developing Adult-Use Cannabis Program, Improving Offerings for Medical Cannabis Patients

Ascend Wellness Holdings, Inc. (CSE: AAWH.U) (OTCQX: AAWH), a multi-state, vertically integrated cannabis operator, today announced that T. Andrew Brown, founder and managing partner of Brown Hutchinson LLP, has been appointed president of AWH New York, effective immediately.

Mr. Brown will put his more than 35 years of experience in the legal and government sectors to work in building relationships with state and local elected officials, the Office of Cannabis Management, and industry stakeholders, while spearheading AWH's efforts to ensure communities that have been disproportionately impacted by cannabis prohibition benefit significantly from the Empire State cannabis program.

Pending regulatory approval, AWH is investing in MedMen NY, Inc.'s four existing medical cannabis dispensaries and its cultivation and processing facility. In the short term, AWH will focus on expanding patients' access to the medications that dramatically improve their quality of life and ease the pain and discomfort caused by a wide variety of ailments and illnesses. Once the state signs off on its plans, AWH will ramp up its efforts to expand into New York's burgeoning adult-use cannabis market.

"Appointing Andrew Brown is a critical next step to completing this transition prior to the end of 2021, and underscores the significant investment we will make in the Empire State," said AWH Founder and CEO Abner Kurtin. "In the coming months, AWH will create good-paying jobs while prioritizing equity and providing both patients and adult-use consumers with the high-quality cannabis products for which we are known."

"AWH has played a key role in shaping the East Coast cannabis market, and I look forward to helping it as a leading player in one of the nation's most important adult-use markets," said Mr. Brown. "Over my decades of experience in New York - both as a private practice attorney and in the public sector - I have seen firsthand how the War on Drugs has targeted communities of color, leaving deep financial, social, cultural, and economic wounds that have yet to heal. It is morally incumbent on the cannabis industry to help undo that damage. I applaud AWH's commitment to social justice, and will further its efforts to demonstrate the positive impact of merging strategic business practices with robust social equity programs."

"Andrew Brown brings a deep knowledge and understanding of New York government, law, and policy to the AWH team, and we are thrilled to have him at the helm as we expand our operations," said Andrea Cabral, Massachusetts CEO of AWH. "He has proven himself as a genuine ally among industry advocates, and as president of the New York State Bar Association, helped shape New York's Marijuana Regulation & Taxation Act (MRTA), which is widely regarded as one of the nation's most progressive, equity-focused examples of cannabis legislation."

Mr. Brown joins AWH with decades of experience in both the private and public sectors, providing general counsel and representing legal clients at all phases of trial - including Fortune 500 companies, small business, banks, nonprofits and hospitals. Previously, he served as Rochester's chief legal officer and head of its law department.

Mr. Brown currently serves as the President of the New York State Bar Association and previously was the general counsel of the National Bar Association – the largest association of attorneys and judges of color in the world. For nine years, he was a member of the state's Board of Regents, which provides general supervision of all educational activities within the state.

About AWH

AWH (CSE:AAWH.U / OTCQX:AAWH) is a vertically integrated operator with assets in Illinois, Michigan, Ohio, Massachusetts and New Jersey. AWH owns and operates state-of-the-art cultivation facilities, growing award winning strains and producing a curated selection of products. AWH produces and distributes Ozone branded products. Bettering your life with cannabis. For more information, visit www.awholdings.com

Forward-Looking Statements

This news release includes forward-looking information and statements, which may include, but are not limited to, information and statements regarding the plans, intentions, expectations, estimates, and beliefs of the Company. Words such as "expects", "continue", "will", "anticipates" and "intends" or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on the Company's current projections and expectations about future events and financial trends, and on certain assumptions and analysis made by the Company in light of experience and perception of historical trends, current conditions and expected future developments and other factors management believes are appropriate.

Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein. Such factors include, among others: the risks and uncertainties identified in the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2021, and in the Company's other reports and filings with the applicable Canadian securities regulators and the U.S. Securities and Exchange Commission. Although the Company believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and statements herein are made as of the date hereof, and except as required by applicable laws, the Company assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward looking information and statements herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable laws.

The CSE has not reviewed, approved or disapproved the content of this news release.

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