Mass. cannabis retailer Ascend Wellness raises $40M

By December 6, 2018 News

This story originally appeared on BostInno.

Ascend Wellness announced that it raised $40 million 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, read BostInno’s feature on how cannabis companies raise funds.

Ascend cultivates and processes marijuana and has plans to open three retail dispensaries in the Boston…