C3 Industries, a vertically built-in multistate cannabis firm based mostly in Ann Arbor, Michigan, closed a funding spherical that can assist the corporate launch operations in Massachusetts and Missouri.

The firm introduced it has raised $45 million in complete capital with the closing of the funding spherical, which may even assist with enlargement plans in Oregon and Michigan.

 

In Massachusetts, C3 is constructing a 37,000-square-foot cultivation and manufacturing facility and plans to open a retail retailer in Berlin subsequent yr. The firm has secured two different retail areas in Massachusetts.

 

In Missouri, C3 was awarded six licenses, together with 5 retail areas and one manufacturing license. Construction on the total set of properties coated by the licenses will begin by the top of the yr, with operations slated to start within the first half of 2021.

In Oregon, C3 has begun development on an extraction and distillation lab. The firm additionally not too long ago acquired an present Portland-area retailer and plans to reopen it in January 2021.

In Michigan, C3 plans to start development this winter on a further 70,000-square-foot cultivation middle adjoining to its Webberville facility.

More at.

Michigan cannabis firm to expand footprint to four states after $45M raise

 

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