According to the Hartford Business Journal, C3 Industries Inc., a multi-state cannabis company, has secured a $16 million investment from NewLake Capital Partners for a new cultivation facility in East Hartford. The investment will fund the acquisition of a 58,500 square-foot industrial property and a $12 million construction build-out. The facility, located at 241 Park Ave. and an adjacent portion at 217-221 Park Ave., is part of a “long-term triple net lease” agreement between C3 and NewLake. This marks the second collaboration between the two companies, following a previous partnership on a cannabis cultivation facility in Missouri.

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