C3 Industries in Ann Arbor, a multi-state, vertically integrated cannabis company, today announced its entry into the Massachusetts retail market via a partnership with social equity licensee Brian Chavez, which encompasses three new High Profile x Budega retail locations in Boston.
The first of the three stores, located at 43 Freeport St. in Dorchester, is celebrating its grand opening this weekend March 17-20.
As part of the partnership, C3 Industries and Chavez also will be opening locations at 561 Dudley St. in Roxbury and 3995 Washington St. in Roslindale. The stores will carry a wide array of cannabis products in all categories, and will specifically feature Cloud Cover flower, pre-rolls, concentrates, and vape cartridges produced at C3’s cultivation and processing facility in Franklin, Mass.
Chavez is one of the few social equity applicants in the country to obtain licenses for three stores in a major city and will serve as the CEO of the partnership.
“We are proud to be entering the Massachusetts retail market with Brian and his family, who are highly respected members of the Dorchester community and believe strongly in our mission to increase access to high-quality and safe cannabis products,” says Ankur Rungta, CEO of C3 Industries. “We look forward to serving Boston consumers at the three new retail stores and hope that our partnership with Brian can serve as a model for the industry on how MSOs and social equity licensees can work together successfully.”
The partners will share responsibility for managing and operating the Boston operations, with C3’s corporate team providing additional support.
“Honestly, my family and I wouldn’t have worked with most MSOs, but Ankur and the C3 team are not a typical MSO,” Chavez says. “We had done everything we could to secure these licenses and were struggling to find funding and move these projects forward when we were introduced to C3’s executive team, who share our passion for high-end flower and supporting the local community. We look forward to working with C3 and helping other small business owners partner with large MSOs in the future.”
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Ankur Rungta and his brother, Vishal, who serves as president and CFO of C3 Industries, were both profiled in DBusiness magazine as part of its annual 30 in Their Thirties feature.
Ankur Rungta’s profile can be found here.
Vishal Rungta’s profile can be found here.