This story originally appeared on BostInno.
Ascend WellnessÂ announced that it raised $40 millionÂ led by Poseidon Asset Management, Salveo Capital, JM10 Partners and Shire Capital Advisors.
The Athol, Mass.-based company currently has plans for three adult-use cannabis retail locations in three Massachusetts locations.
For more, readÂ BostInnoâ€™s feature on how cannabis companies raise funds.
Ascend cultivates and processes marijuana and has plans to open three retail dispensaries in the Bostonâ€¦