Worcester Business Journal

www.wbjournal.com • Worcester Business Journal • 2 023 Economic Forecast 21 Columbia Care's board of directors also approved the sale. A rapper and entrepreneur, Combs is also known as the founder of Bad Boy Records and Sean John clothing. Tree House Brewing continues expansion with Tewksbury Country Club purchase Charlton-based Tree House Brewing Co. is purchasing Tewksbury Country Club, a 50-acre golf course and events venue in Northeastern Massachusetts, the brewery announced on its website on May 6. Tree House plans to "evolve the space into an expansive and inviting beer hall and retail store," while continuing to operate the golf course, according to the announcement. A beer-to-go, which allows customers to order beer online, is set to launch at the location in the fall. Located at 1880 Main St. in Tewks- bury, the country club has been owned by Marc Ginsberg since at least 1998, according to the Tewksbury assessors' database. e property includes a 17,700-square-foot venue space and is assessed at almost $5 million by the Town of Tewksbury. e expansion marks Tree House's foray into Greater Boston, as the coun- try club is located about 30 minutes from Boston. "In searching tirelessly for a Tree House location north of Boston, we reached numerous dead ends when trying to find a property that met our standard marrying great architecture, accessibility, and an expansive outdoor environment," the brewery said in its announcement. e Tewksbury location will be the brewery's fih, along with its stores in Charlton, Sandwich, Woodstock, Conn., and Deerfield, which opened in January. Tree House also bought a 50-acre parcel of land adjacent to its Charlton headquarters in February, the future of which is yet to be revealed. e 10-year-old company is now the largest brewery in Central Massachu- setts, producing 41,500 barrels in 2020, according to WBJ research. Ascend Elements to invest up to $1B in new Kentucky facility A Westborough manufacturing com- pany plans to invest up to $1 billion for a new, 500,000-square-foot production facility it plans to open in Kentucky. Ascend Elements said in an Auf. 1 press release it will build a sustainable lithium ion battery materials recycling facility on 140 acres in Hopkinsville, Ky. e project, which will break ground by the end of the year, will be home to Ascend's hydro-to-cathode direct precursor synthesis process technol- ogy, which takes in black mass from recycled electric vehicle batteries, and produces enough lithium ion battery precursor and sustainable cathode active material to equip up to 250,000 electric vehicles per year. e site, called Apex 1, will feature onsite chemical recycling capabilities and a wastewater treatment plant. e company looked at more than 50 locations for the facility, but Hopkins- ville was the only one with everything the company needed: easy access to transportation, clean renewable power, and a diverse workforce. Hopkinsville is close to electric vehicle manufacturers and lithium ion battery factories in the southeastern U.S. and an Ascend battery recycling facility in Covington, Ga., which will be a key source of its black mass. Operations are expected to begin in late 2023, and at full buildout, Apex 1 could employ 400, according to the company. e facility is expected to gen- erate $4.4 billion in economic impact to Kentucky over the construction period and first 10 years of operations. Tree House Brewing's headquarters in Charlton Start the New Year off with BOB! Join the Worcester Business Journal and presenting sponsor Fidelity Bank as we toast the 2023 Best of Business Award winners at our Networking and Awards celebration! January 26, 2023 Beechwood Hotel, Worcester 5:00-7:00PM Cost: $45 Pre-registration required. www.wbjournal.com/ BOBawards Presenting Sponsor Winners will be announced in our January 9th edition! W

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