In a significant move underscoring its remarkable growth trajectory, Michigan-based Puff Cannabis has announced the relocation of its corporate headquarters. The cannabis giant is shifting from its existing base in Madison Heights to a revamped 20,000-square-foot facility in Troy. This move is strategically aimed at supporting the company's rapid expansion.
Situated at 1017 Naughton Dr., this new building is poised to be the most expansive cannabis company headquarters in the entire U.S., as stated by the company representatives.
Since its inception in 2019, Puff Cannabis has made notable strides in the marijuana sector. Currently, the company boasts 12 dispensaries spread across Michigan in areas such as Hamtramck, Madison Heights, Utica, River Rouge, Centerline, Bay City, Kalamazoo, Oscoda, Traverse City, New Buffalo, and Sturgis. Demonstrating a commendable financial journey, the company's revenue surged from $7.3 million during its initial year to a staggering forecasted $150 million in 2023. Moreover, they have ambitious plans on the horizon with the intention to inaugurate an additional five to ten outlets within this year.
Expressing his vision for the new headquarters, Justin Elias, the President and founder of Puff Cannabis, articulated, "Our aim is to craft a distinctive and awe-inspiring environment for our workforce, setting a benchmark in the Cannabis realm. The ambience of this new space will resonate with the contemporary and vibrant aura synonymous with the Puff brand, evident in all our retail outlets. Its strategic location in Troy, with proximity to key freeways, empowers us to seamlessly cater to our 12 existing Michigan dispensaries and the ones envisaged for the future."
Aligning with this growth, the company plans to double its corporate team at the new site. The headquarters will also encompass an 8,000-square-foot distribution center, dedicated to the company's apparel collection and assorted promotional merchandise.
The renovation of the single-story building represents a substantial investment for Puff Cannabis, with costs surpassing $1 million. The company anticipates the facility to be operational by January 2024.
Emphasizing its commitment to sustainability, Puff Cannabis is ensuring that the renovation adheres to eco-friendly principles. The company is leveraging green construction materials, integrating energy-efficient lighting solutions, and incorporating solar panels to power the facility. This green initiative is spearheaded by the JV Design Group, based in Bloomfield Hills.
With these changes, Puff Cannabis reinforces its presence in the Michigan marijuana sector while also emphasizing sustainability and growth.
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