Ascend Group Holdings, LLC announced that it has received $40 million in funding from Poseidon Asset Management, LLC, Salveo Capital, JM10 Partners, LLC, Shire Capital Management and other investors
December 04, 2018
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Ascend Group Holdings, LLC announced that it has received $40 million in an equity round of funding on December 5, 2018. The transaction was co-led by new investors Poseidon Asset Management, LLC, Salveo Fund I LP, a fund managed by Salveo Capital, JM10 Partners, LLC, Shire Capital Management, and other investors.
Ascend Wellness Holdings, Inc. is a vertically integrated multi-state cannabis operator. The Company is focused on operating in adult-use or near-term adult-use states in primarily limited license markets. It is engaged in cultivation, manufacturing, and distribution of cannabis consumer packaged goods, which are sold through Company-owned retail stores and to third-party licensed retail cannabis stores. The Company has licenses and assets in Illinois, Massachusetts, Maryland, Michigan, New Jersey, Ohio, and Pennsylvania. It produces and distributes its in-house Common Goods, Simply Herb, Ozone, Ozone Reserve, Royale, and Tunnel Vision branded products. The Company operates cultivation facilities in six states with approximately 245,000 square feet of total canopy. Common Goods is a no-frills brand that offers high value cannabis for everyday consumption. The brand comes in flower and pre-rolls. Ozone Reserve comes in exotic flower, refined concentrates, purified oils, and vapes.
Ascend Group Holdings, LLC announced that it has received $40 million in funding from Poseidon Asset Management, LLC, Salveo Capital, JM10 Partners, LLC, Shire Capital Management and other investors
ASCEND WELLNESS HOLDINGS, INC. 
