The chief executive of Ascend Wellness (CSE: AAWH) appears to have gotten himself into a bit of a pickle, which the company was forced to address in an after hours news release last night. The firm commented that it is “aware of allegations against CEO, Chairman, and Founder Abner Kurtin regarding a domestic-related misdemeanor.”
As it turns out, Kurtin was arrested recently in Miami-Dade County, after which he was charged with battery and let out yesterday after a $1,500 bond was paid and a stay away order issued with pre trial conditional victim contact allowed. Battery, as per wikipedia, is classified as a “criminal offense involving unlawful physical contact, distinct from assault which is the act of creating apprehension of such contact.”
His arraignment hearing, as per the Miami-Dade Clerk, is slated for September 30, under court case number M-22-017755.
Little other detail on the situation is available at this time. The company meanwhile has indicated that it cannot comment on the active investigation, and that the matter is being treated by the firm seriously.
Ascend Wellness last traded at $2.39 on the CSE.
Information for this briefing was found via Sedar, Miami-Dade Clerk and the companies mentioned. The author has no securities or affiliations related to this organization unless otherwise mentioned. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.