Ascend Wellness Holdings, a vertically integrated multi-state cannabis operator, has completed a private placement of USD?50 million in 12.75 percent senior secured notes due 2029. This issuance is a supplementary tranche in an existing USD?250 million series, bringing the total up to USD?300 million. The notes were issued at 97.5 percent of face value under amended indentures and are secured by nearly all assets of the company and certain subsidiaries. The net proceeds, along with existing cash, will be used to prepay the outstanding term loan—covering principal, accrued interest, and transaction costs. Seaport Global Securities LLC acted as lead financial advisor and sole placement agent. Legal counsel was provided by Foley Hoag LLP and Stikeman Elliott LLP for Ascend, and Osler, Hoskin & Harcourt LLP for the agent.