CEO Of Cannabis Brand C3 Industries On Scaling Up And Raising Capital

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

Michigan is one of the fastest-growing and most lucrative cannabis markets in the US. Given the exciting opportunities, multiple cannabis industry executives have expanded their operations to this Midwestern state. Among that list of cannabis companies is C3 Industries, locally-based and headquartered in Ann Arbor.

C3 Industries began operations in 2018, with the construction of a 36,000 sq.-ft. cultivation facility in the St. Johns neighborhood of Portland, Oregon, and the launch of the company’s premium indoor flower brand, Cloud Cover Cannabis. Today, C3 supplies Cloud Cover Cannabis products to more than 150 dispensaries throughout Oregon and has plans for further expansion with the construction of a processing lab and the launch of a new wholesale and retail business.

In 2019, C3 entered the Michigan market with Cloud Cover Cannabis. A 36,000 sq.-ft. cultivation and manufacturing center was built in Webberville, which has sold out of its product weekly since launch and can currently be found in over 70 dispensaries in the state. C3 also has a substantial retail presence in Michigan that includes five High Profile Boutique Cannabis dispensaries, and the company plans to open an additional three dispensaries by early 2021. 

C3 is also quickly expanding into Missouri and Massachusetts with vertically-integrated operations in both markets to begin next year. 

Co-Founder & CEO of C3 Industries, Ankur Rungta, brings years of experience as a corporate attorney and investment banker to the company. He has a specific focus on corporate finance, real estate, media, and cannabis. Under his leadership, C3 Industries has raised over $40 million in capital.

Rungta will be joining the upcoming Benzinga Cannabis Capital Conference to discuss the company’s launch and expansion in the Michigan market and beyond. He will highlight how C3 is scaling its business and utilizing capital efficiently, share his views on Michigan’s market and what he sees coming, and discuss his longer-term vision for C3.

To learn more about C3 Industries, you can sign up for the Benzinga Cannabis Capital Conference by clicking here

Photo by Drew Taylor on Unsplash

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.

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