Praetorian Global partners with Ascend Wellness in multiple states

Praetorian Global partners with Ascend Wellness in multiple states


Praetorian Global, Inc.a well-known trademark owner and intellectual property provider in the cannabis and hemp industry, has signed licensing agreements with Rise Wellness Holdings Inc. AAWH AAWHa multi-state cannabis operator.

“With one of the strongest management teams in the industry, AWH has a proven track record of growth and stability, making them an ideal partner for our portfolio of brands,” said AWH Alex PasternackCo-founder and President of Binske.

As part of the agreement, the Binske and Oni brands will be launched in the Illinois, New Jersey and Massachusetts markets later this year. “Illinois, Massachusetts and New Jersey represent some of the fastest growing markets in the industry and we look forward to working with AWH to take advantage of this significant opportunity,” added Pasternack.

According to BDS Analytics, IllinoisMassachusetts and New Jersey are among the top 11 in estimated total cannabis sales in 2023, accounting for over 17% of the U.S. market and with projected growth of approximately 21.6% for 2023.

About the brands

Recognized as one of the leading cannabis brands worldwide, Binske is known for its meticulous focus on quality and consistency with over 200 offerings and multiple awards. “The Binske brand has won numerous cannabis-related awards, including Leafly’s Best Overall Brand, Best Edibles and Best Concentrates, and was named one of the best national brands for 2022 by Weedmaps.” Per a press release.

Oni is widely known for its genetics, having created and developed many of the industry’s most popular strains.

Frank PerulloCo-CEO, President and Co-Founder of AWH stated, “The addition of Binske and Oni to our portfolio of brands will help fulfill that commitment by bringing nationally recognized brands with best-in-class products to our core markets.”

Price Action: AWH shares are trading up 8.74% on Friday afternoon at $1.12 per share.

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