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C3's expansion in O'Fallon set to boost annual production capacity with 20,000 additional square feet of flowering canopy
ANN ARBOR, Mich., Sept. 26, 2024 /PRNewswire/ -- C3 Industries ("C3" or "the Company"), a leading multi-state cannabis company dedicated to crafting premium cannabis experiences for consumers, announced the expansion of its cultivation facility in O'Fallon, Missouri, through an ongoing partnership with NewLake Capital Partners (OCTQX: NLCP). The 50,000 square foot addition features cutting-edge automation and environmental control systems, significantly increasing the Company's production capacity in the state.
"This expansion is a major milestone for C3 Industries in Missouri and our partnership with NewLake has been instrumental in making the project possible," said Vishal Rungta, president and cofounder of C3 Industries. "By implementing advanced technology and efficient growing techniques, we're able to increase our output while maintaining the premium quality our customers expect. This facility will play a crucial role in supporting our retail network and introducing new brands to the Missouri market. NewLake's continued support positions C3 for long-term growth and success in Missouri's competitive cannabis market."
The expanded facility includes:
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20,000 square feet of additional flowering canopy space across six rooms
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State-of-the-art Argus Titan controller system for automated irrigation, climate control, and lighting specifications
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Reverse osmosis water filtration system for precise nutrient control
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Capacity for over 2,000 plants per flowering room
"Our new facility is unlike any of our previous operations," said Andrew Bodkin, VP of Production at C3 Industries. "We've implemented a crop steering methodology that allows us to shorten the plant life cycle from 20 weeks to just 12 weeks, significantly increasing our efficiency. The automated systems also enable us to manage a larger plant canopy more efficiently, optimizing our labor resources and setting us up to supply Missouri with some of the best flower in the country."
"This project further strengthens our partnership with C3, a company that has consistently demonstrated its ability to execute efficiently in competitive markets," said Anthony Coniglio, NewLake Capital Partners president and chief executive officer. "The implementation of cutting-edge technology and automation in this facility aligns perfectly with our investment strategy of backing properties that drive strong operational performance. We're confident that this expanded facility will play a crucial role in meeting the growing demand for high-quality cannabis products in Missouri and contribute significantly to C3's continued success in the market."