– C3 Industries, an Ann Arbor, Mich.-based multi-state, vertically integrated cannabis company, raised $25m in funding.
– The round was led by existing investor Madison Square Park Capital with participation from current investor Welcan Capital and new institutional investor Navy Capital, among others.
– The company intends to use the funds to accelerate its expansion in both its existing markets of Michigan, Massachusetts, Missouri and Oregon as well as new states, which it plans to enter organically and via M&A opportunities.