About C3 Industries
C3 Industries is a vertically integrated cannabis company based in Ann Arbor, MI. Launched in 2018 with a state-of-the-art, 36,000-square-foot indoor cultivation facility in the St. Johns neighborhood of Portland, Oregon, C3 Industries plans to have roughly 250,000 square feet of cultivation space and 25 retail locations by 2022.
Considered “under the radar” by some financial analysts, the company has raised about $65 million in capital, which it will use to expand its footprint in its existing markets (Michigan, Oregon, Missouri, and soon Massachusetts), to enter new states both organically and through strategic and pragmatic M&A, and to invest in its team and infrastructure as it continues to scale. The expansion of C3 Industries, which includes its cultivation and processing facilities in Michigan and Oregon, its product brand Cloud Cover Cannabis and its High Profile retail network, has been completely organic thus far, without any M&A.
A passion for cannabis combined with a desire to produce premium, high-quality products led brothers, Ankur and Vishal Rungta, and long-time friend, Joel Ruggiero, to launch C3 Industries. The schizophrenic nature of online employee reviews reveals that the company is still going through growing pains, but C3 Industries will matches an employee’s 401(k) up to 50 percent of 5 percent of the salary, and many locations offer free yoga.
2082 South State St
Ann Arbor, MI 48104
Phone: (248) 255-1283
Co-Founder & CEO: Ankur Rungta
Co-Founder, President and CFO: Vishal Rungta
Employees (All Locations): 110