JM10 Partners

Ascend Wellness Holdings is a multi-state operator in the cannabis industry, active in five states: Illinois, Michigan, Massachusetts, New Jersey, and Ohio. Founded in 2018 by Abner Kurtin, the company focuses on markets with limited licenses, primarily east of the Rockies. Ascend Wellness is vertically integrated, engaging in the cultivation, manufacturing, and distribution of cannabis consumer packaged goods. It operates state-of-the-art cultivation facilities, producing award-winning strains and a curated selection of premium products. The company's products are sold through its own retail stores as well as third-party licensed cannabis retailers, with the majority of its revenue generated from the retail segment. Ascend Wellness aims to redefine the cannabis marketplace by breaking down traditional barriers and enhancing the overall consumer experience.

NorCal Cannabis Company LLC, founded in 2016 and based in San Francisco, California, operates as a holding company focused on the cultivation, manufacturing, and retail of cannabis products. The company offers its products under several brand names, including OCCIDENTAL Hills, KINDRD, and 1lyfe. With a founding team that possesses over two decades of experience in cannabis cultivation and business management, NorCal Cannabis employs a vertical integration strategy to enhance production efficiency and retail distribution. The company aims to optimize its operations by leveraging insights from its relationships with licensed distributors and retailers across California, thereby integrating various industry segments to better understand the economics of the state's cannabis market.

Ascend Wellness Holdings is a multi-state operator in the cannabis industry, active in five states: Illinois, Michigan, Massachusetts, New Jersey, and Ohio. Founded in 2018 by Abner Kurtin, the company focuses on markets with limited licenses, primarily east of the Rockies. Ascend Wellness is vertically integrated, engaging in the cultivation, manufacturing, and distribution of cannabis consumer packaged goods. It operates state-of-the-art cultivation facilities, producing award-winning strains and a curated selection of premium products. The company's products are sold through its own retail stores as well as third-party licensed cannabis retailers, with the majority of its revenue generated from the retail segment. Ascend Wellness aims to redefine the cannabis marketplace by breaking down traditional barriers and enhancing the overall consumer experience.