Investments Blog

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…

It plans to do distribution before branching into manufacturing and retail.

King Street’s 219 Restaurant in Old Town Alexandria is following some of its neighbors with plans to upgrade and activate its exterior space.

The owners of the building and the restaurant have proposed removing the existing canopy that covers the outdoor patio in order to enclose the space and create a larger ground-floor bar. They’re also looking to add an outdoor dining area on the roof of the addition.

The project would create a larger basement bar as well, expanding the Bayou Room at…

Diners like the convenience and affordability of fast-food and fast-casual restaurants, a trend that shows no sign of slowing. Many of these chains have a presence across the country as they continue to expand. Here is a quick look at stories about the leading brands in the industry as recently reported by The Business Journals and other media.

Pizza Hut's U.S. President, Artie Starrs, is not a happy camper. CNBC reported on Thursday that Starrs told investors this week that he is “dissatisfied”…

To Dan Jones, business is a team sport.

It’s a mentality he had while working as a manger and executive at Starbucks and now carries over to his job as chief operating officer at Cava Group, a restaurant group that’s fast become a national food empire. While at Starbucks, Jones worked for what he describes as a forward-thinking, collaborative enterprise with a mission that emphasized customers and employees. He’s been working under the same mantra for Cava ever since CEO Brett Schulman brought…

Another podcast is launching to showcase the Magic City food scene. And there is a lot to talk about.

Willie Chriesman’s online and social media venture, Á la Carte Alabama, is starting a new podcast to go behind the scenes with the state’s top restaurateurs as well as newcomers and enterprising chefs.

“More and more, food is becoming part of our cultural identity and sparking all kinds of positive attention to Alabama,” said Willie Chriesman, executive producer and co-host of the Á…

The owner of a corned beef restaurant near 76th Street and Capitol Drive in Milwaukee plans to open a new eatery nearby focused on catfish dishes.

Tyron Smith and his wife, Tonya, opened Mae Velma’s Corned Beef about a year ago at 4115 N. 76th St. The restaurant is named for his late mother. When a kitchen that operates within a nearby gas station at 7609 W. Capitol Drive became vacant, Smith said he saw an opportunity to open a second business with a new concept.

Smith Brothers Catfish Station…

Tom’s Town Distilling Co. probably still will be subject to restrictions enacted by neighbors that the company agreed to as a way to open the business.

The city’s liquor hearing board is expected to uphold the denial of a request by Tom’s Town to get a new liquor license, one without the restrictions the company is currently subject to. Those include limited hours, no live music, sealed windows and serving only one kind of beer and two kinds of wine. Tom's Town co-owner David Epstein said…

The chef who was on the cutting edge of Tampa's culinary transformation will retire at age 51 and sell off his restaurant property in Seminole Heights.

Greg Baker, who stepped into the spotlight as an advocate for mental health awareness in the hospitality industry this year, said Wednesday that is he stepping away from The Refinery, which has been nominated for six James Beard Foundation Awards since it opened in 2010.

“I've been in kitchens since 1983, doing very little other work,” Baker said…