[PRESS RELEASE] – HARTFORD, Conn., June 4, 2025 – Budr Cannabis, a leader in the cannabis retail space with five locations—four in Connecticut (West Hartford, Tolland, Danbury, Stratford) and one in Yonkers, N.Y.—is pleased to announce the acquisition of three well-established cannabis dispensaries in Connecticut: The Botanist of Danbury, The Botanist of Montville, and The Botanist of Vernon.
These locations will now operate under the Budr name and are officially open for business. This expansion marks a significant milestone in Budr’s mission to provide exceptional cannabis retail experiences and deepen its investment in the communities it serves.
The acquisition, supported by strategic partner Poseidon Investment Management LLC, will bring these three dispensaries into Budr's growing network, further strengthening its presence in Connecticut's thriving cannabis marketplace. This expansion will enhance access to high-quality products and reinforce Budr's dedication to cannabis education, customer service and industry leadership.
"This venture reflects our ongoing dedication to growth while maintaining the highest standards of service and community involvement," Budr founder Carl Tirella Jr. said. "By integrating these dispensaries with an experienced operator, Budr will not only expand its reach but also ensure that Connecticut residents continue to have access to safe, reliable and responsibly sourced cannabis products."
As Budr welcomes these dispensaries into its portfolio, the company remains focused on providing a seamless transition for both employees and customers. The newly acquired locations will adopt Budr's signature approach—prioritizing education, product transparency and personalized service. Customers can expect an elevated retail experience with knowledgeable staff, a carefully curated product selection and a welcoming atmosphere tailored to meet their needs.
"We are excited to be partnering with the Budr team and supporting their growth with the acquisition of these stores in Connecticut," Poseidon co-founder and Managing Director Emily Paxhia said. "This transaction represents our commitment to backing exceptional operators who share our vision for the cannabis industry's responsible growth."
Alongside expanding its retail presence, Budr remains committed to driving economic opportunity and supporting local communities. The company will continue partnering with regional vendors, hiring local talent, and offering job training to support careers in the cannabis industry. Budr also upholds its mission to advance social equity by creating opportunities for those disproportionately affected by past cannabis policies.
Budr's expansion aligns with its long-term vision of growing responsibly while setting a new standard for adult-use cannabis retail. With a focus on innovation, accessibility and consumer education, Budr continues to lead the way in shaping the future of Connecticut's cannabis industry.
